On the afternoon of August 15, the Vietnam Young Entrepreneurs Association organized a thematic dialogue session on “Startup – Innovation” within the framework of the Vietnam Private Sector Forum (VPSF) 2025’s Local Dialogue Round.
The dialogue was hosted by the Investment and Startup Club of the Vietnam Young Entrepreneurs Association, with the participation of representatives from ministries, sectors, and experts, along with nearly 200 entrepreneurs, businesses, and startups from various fields.
Speaking at the dialogue, Ms. Pham Thi Bich Hue, Vice President of the Vietnam Young Entrepreneurs Association and Chairman of the Board of Directors of Western Pacific Joint Stock Company, shared that Resolution 68 has provisions for allocating a minimum of 20 hectares of land for each industrial park or cluster, or a minimum of 5% of the existing land fund, especially to support high-tech, small and medium-sized enterprises, and innovative startups. Resolution 35 even includes a mechanism for reducing land prices for innovative enterprises.
However, according to Ms. Hue, when small enterprises try to access land in clusters or industrial parks with an area of several thousand hectares, this mechanism becomes challenging to implement. The 1/2000 and 1/500 planning regulations make it difficult for these parks and clusters to allocate small areas (1,000 sq. m) for startups to rent. If they want to sublet, they must adjust the planning, which usually takes 8 months to a year, increasing costs and reducing investment efficiency.
“We hope that the drafting agency of Resolution 68 will provide guidance or acknowledgment to untie this knot for enterprises in accessing the land fund,” said Ms. Hue, emphasizing that “enterprises are more concerned about a more open mechanism than financial support.”
Ms. Pham Thi Bich Hue informed that Western Pacific currently holds about 1,000 hectares of land in localities such as Bac Ninh, Bac Giang, and Ha Nam and is ready to divide this land fund into smaller plots to support startups.
In her opinion, enterprises should not rely on the state for land price reductions or grants, as “clean” land managed by the state must be put up for public auction with complicated procedures. In reality, most of the land area in parks and clusters belongs to enterprises, so access will be more feasible through commercial mechanisms and direct exchanges between enterprises instead of waiting for policy preferences.
Also relating to land resource access, Mr. Le Van Cuong, Chairman of the 1983 Young Entrepreneurs Club and Chairman of the Board of Directors of HTQ Group Joint Stock Company, shared that land prices are currently unstable, and each province has a different way of determining prices, causing great difficulties for enterprises. Land prices can increase up to tenfold in five years, making it challenging for enterprises, especially when prioritizing annual land tax payments.
“For example, some types of commercial and service land are worth 1 billion VND this year, but in five years, it can increase to 20 billion VND, making it challenging for enterprises to access. We propose that for enterprises with a substantial land demand, there should be a stable land price policy for about 5-10 years. It can be high from the beginning, but it must be stable,” said Mr. Cuong.
He suggested that the government needs a general principle to determine land prices for all provinces and cities, instead of each having its own method. The instability in land prices leads to constant changes in the land law, causing enterprises to hesitate to implement projects while awaiting new policies.
Additionally, as 98% of enterprises in Vietnam are SMEs, Mr. Cuong believes that there should be specific principles for SME land access in all provinces and cities. All remaining land funds for SMEs should be publicly announced by the provincial People’s Committees.
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