Mr. Tran Dinh Long, Chairman of Hoa Phat Group
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At the Dialogue with Enterprises and Enterprise Associations to effectively implement Resolution 68 of the Politburo, chaired by Prime Minister Pham Minh Chinh on May 31st, Mr. Tran Dinh Long, Chairman of Hoa Phat Group, shared his enthusiasm for Resolution 68. He stated that the resolution is fantastic and even surpasses the expectations of major enterprises, including his own. Mr. Long suggested that following Resolution 68 and Resolution 198 of the National Assembly, government decrees and circulars should also be more explicit and detailed.
He emphasized that government decrees and official statements must clearly convey a strong stance on prioritizing domestic production. For instance, in the case of the high-speed railway project, outsourcing the work to foreign contractors might expedite the process, but to foster the domestic railway industry, it is imperative to support local manufacturing. “I speak on behalf of many enthusiastic entrepreneurs from the South to the North. We firmly believe that all government resolutions should specify clear ratios and be incorporated into concrete documents. I boldly propose that for all public investment projects, such as highways, 70% of the materials used must be domestically produced. This is a decisive condition,” asserted the Chairman of Hoa Phat Group.
Mr. Long highlighted the importance of clarity in legal documents, citing an example of a draft decree on procurement with ambiguous wording that could lead to varied interpretations. He suggested that instead of using terms like “prioritize domestic products,” the decree should explicitly state, “use domestically produced goods.”
Mr. Truong Gia Binh, Head of the Private Economic Development Research Board under the Advisory Council for Administrative Procedure Reform
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Mr. Truong Gia Binh, Head of the Private Economic Development Research Board under the Advisory Council for Administrative Procedure Reform, quoted a business owner who likened the application of Resolution 68-NQ/TW of the Politburo on private economic development to “a drought-stricken land receiving a downpour.” Enterprises view this “downpour” as a new hope and anticipate a relationship of trust and support from the Party, Government, and State.
Businesses yearn for consistent backing and the most favorable conditions from the Party, Government, and State, enabling them to thrive and contribute to the nation’s economic growth.
Mr. Binh emphasized the need to devise a strategic plan for 2055-2030, encompassing new “battles” such as the development of the high-speed North-South railway, global transportation hubs, a global financial center, and advancements in technology, tourism, and agriculture. To win these “battles,” national unity and collaboration are essential.
With the support and trust of the Party, Government, State, and local authorities, we, the business community, pledge our utmost dedication and commitment to the socio-economic development of our beloved nation.Â
The Capital and Land Conundrum: A Business’s Vexing Dilemma
The industrial zone leader in Hai Phong revealed that land prices in these zones have doubled over the past five years, soaring to 200 USD per square meter. This surge in prices has left businesses struggling to secure land for their factory constructions.
A Southern Giant Eyes Northern Expansion with Land Acquisitions
“Vietnam’s leading real estate developer, Nam Long, has set its sights on expanding its reach to the northern market. With an ambitious vision, the company’s subsidiary, Nam Long ADC, is spearheading this endeavor by introducing an affordable housing project, marking their first venture into this region.”
“Vice President of MoMo: ‘Resolution 68 Eliminates Red Tape, Creating Space for Private Sector Growth’”
“The Resolution 68, which eliminates the bureaucratic red tape and embraces the freedom to do business within the legal framework, is a significant boost for tech enterprises,” said Nguyen Ba Diep, Vice President of MoMo.
Dr. Tran Dinh Thien: We Need More Private Sector Representatives and Scientists in the National Assembly
“Renowned economist Dr. Tran Dinh Thien proposes an increase in the number of private entrepreneurs and scientists among the National Assembly delegates. His vision involves a more inclusive law-making process, ensuring that a diverse range of expertise contributes to the country’s legislative framework.”
Mr. Hoang Nam Tien: 93% of Vietnamese Startups Fail in Their First Two Years; Hopes Resolution 68 Will Turn the Tide
“If vigorously enforced, Resolution 68 could be a pivotal turning point in significantly reducing the failure rate of Vietnamese startups in the coming years,” asserts Mr. Hoang Nam Tien. This statement underscores the potential impact of decisive action on fostering a thriving entrepreneurial landscape in Vietnam.
