On January 17, at the meeting on the work in 2023 and the direction of activities in 2024 of the Ho Chi Minh City Business Association (HUBA), Mr. Nguyen Ngoc Hoa, Chairman of HUBA shared that in 2023, the association has collected and sent to the city 133 recommendations to remove difficulties in many areas of enterprises.
Accordingly, many long-standing bottlenecks have changed positively, focusing on obstacles such as investment projects, real estate market, corporate bonds, etc. Many important, national key projects in the city with spillover effects have been put into operation. Many projects of the medium-term public investment plan for the period 2021 - 2025 have been accelerated in implementation progress.
However, there are still many backlogs that need to be further resolved. Specifically, the progress of some tasks is still slow; the disbursement of public investment capital is higher than the same period in absolute value, but the disbursement speed is still low, not as expected; administrative reform work is being implemented synchronously and has many positive changes, but there are still untimely processes and procedures, and some bottlenecks are slow to be removed.
On the other hand, businesses are facing other difficulties due to the continued volatility of the world economy and the less favorable international environment. Some markets are slow to improve, directly affecting domestic industrial production in general. Accordingly, production orders are reduced, inventories are increased, import and export turnover is reduced and foreign investment attraction is also reduced.
On that basis, many businesses proposed 6 solutions that the city needs to solve. Specifically:
One is to strongly implement Resolution 98/2023/QH15. Accordingly, to promote public investment, the city creates favorable conditions for enterprises to participate in bidding for public investment projects and borrow capital from the stimulus program; establish a working group to review investment projects and have a mechanism for enterprises to invest in projects in the provinces according to regional linkage programs, transitional projects to participate in the stimulus program; have a mechanism to encourage rooftop solar power to be installed on the roofs of factories, enterprises, projects... for self-use, not to sell electricity to other organizations or individuals, but to be connected to the national grid.
Second, there should be solutions to welcome the flow of FDI capital, promptly convert industrial parks and export processing zones that are due, and issue land prices for industrial parks to support investors in completing legal procedures and stabilizing production and business.
Third is to synchronously coordinate policies related to social housing and commercial housing in the mid-range segment with low land prices, supporting interest rates for both investors and buyers.
Fourth, there should be policies to support businesses in trade promotion activities, exhibition participation, export promotion, market expansion and strengthening the connection between domestic businesses and the international community. It is recommended that the city direct the establishment of a large-scale, international fair center to support businesses, create a highlight to stimulate tourism, entertainment, shopping, dining and attract domestic and international tourists.
Fifth, the city is recommended to direct support for businesses to promote digital transformation of business activities: have an official information platform for businesses, connect to a full network of resources and have a specific policy group to support businesses. Build a common database for each industry and field, connect to the digital system of businesses, help save costs and improve management and business capacity.
And the sixth is to recommend that the city direct capital, legal, and technological support for businesses registering for green transformation; helping businesses have funding sources to meet the needs of reducing greenhouse gas emissions. Recommend that the Central Government soon issue a greenhouse gas emission reduction program according to a specific roadmap, develop a set of green indexes to promote environmental protection, establish a carbon credit market, solar power, rooftop electricity, etc. to help businesses improve their competitiveness and participate in the global supply chain.
Speaking at the meeting, Mr. Vo Van Hoan, Vice Chairman of the Ho Chi Minh City People's Committee, said that if in the first quarter of 2023, the city's economic growth (GRDP) reached 0.7%, then in the fourth quarter of 2023 it increased to 9%, bringing the city's GRDP in 2023 to 5.8%. This shows that there has been a great effort from businesses to accompany the city's development. In the coming time, the city will focus on promoting green growth solutions and digital growth in all fields. In particular, the city will conduct audits and quantify emissions as a basis for businesses and the community to carry out green transformation. Therefore, businesses need to have digital transformation and green production to adapt to this trend if they do not want to be eliminated.
AI VAN
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