Ms. Le Thi Huynh Mai, Director of the Department of Planning and Investment of Ho Chi Minh City, commented that in the past, because Ho Chi Minh City has not attracted large enterprises operating in new industries and fields, the development has not been as expected. The new draft resolution replacing Resolution 54/2017 of the National Assembly is a solution to the above problem.
Increase investment attraction
According to Ms. Le Thi Huynh Mai, the draft focuses on attracting investment from socialized capital sources from economic sectors, with the highlight being investment under the public-private partnership (PPP) method. This is important when the city's demand is large but public investment capital cannot meet it.
The new draft resolution allows the implementation of BT (build-transfer) projects paid by the budget and BOT (build-operate-transfer) projects for existing road traffic projects. In which, the mechanisms for controlling BOT projects ensure the harmony of interests of the state, people and society. With BT, this form of helping to immediately meet the needs of the city will overcome the limitations of previous BT projects.
According to Ms. Le Thi Huynh Mai, National Assembly delegates have raised the issue of why the city returned to the BT form while the Law on Investment under the Public-Private Partnership form does not have this form. Ms. Mai explained that the BT investment form itself is not at fault. However, there are problems when implementing. The lack of consistency between related laws makes the implementation process not smooth and favorable.
"Therefore, after the resolution is issued, there will be mechanisms and regulations and ministries and branches will coordinate with the city to overcome the limitations of previous BT to help the city implement this form of investment effectively. This is also a pilot mechanism for other provinces and cities to learn lessons and can reapply the BT form nationwide" - Director of the Department of Planning and Investment of Ho Chi Minh City said.
Public-private partnership will help Ho Chi Minh City make breakthrough steps in development.
Contribute more to the country
Chairman of the Ho Chi Minh City People's Committee Phan Van Mai said that the new resolution replaces Resolution 54 with over 40 contents on mechanisms and policies and is divided into 4 groups. Firstly , the mechanisms and policies have been stipulated in Resolution 54. Secondly, similar contents have been stipulated in specific resolutions of localities and are suitable for the city. Thirdly, the contents are being included in draft laws for amendments. Finally, there are new mechanisms and policies. "These mechanisms and policies will help the city remove institutional obstacles, especially mobilizing social resources for development investment" - Mr. Phan Van Mai emphasized.
Regarding BT and BOT projects, according to Mr. Phan Van Mai, the new draft resolution stipulates the authority, procedures for establishing, appraising, approving, managing projects, investment costs, etc. in a very detailed and strict manner, ensuring certain profits for investors to make a profit but still be supervised. Along with that, digital transformation is applied in management. "For example, automatic toll collection to monitor the quantity and calculate the project implementation time. These issues in each specific project will be carefully prepared to ensure the true nature of the BOT project and mobilize social resources" - Mr. Phan Van Mai gave an example and believed that BOT will be implemented effectively and transparently.
Mr. Phan Van Mai emphasized that the city has actively prepared the mindset, forces, and conditions to organize the implementation of the new resolution. "The city has also assigned tasks to prepare a number of contents to prepare for the most proactive implementation of the new resolution with the spirit that the city would like to pilot mechanisms to develop faster, stronger, and contribute more to the development of the whole country" - Chairman of the Ho Chi Minh City People's Committee said.
The Chairman of the Ho Chi Minh City People's Committee also informed that if mechanisms and policies for strategic investors are applied, based on the results of exchanges and negotiations, the city can attract large FDI investments of up to tens of billions of USD.
Open policy for businesses
Director of the Ho Chi Minh City Department of Natural Resources and Environment Nguyen Toan Thang said that many businesses previously considered land access the most difficult issue in the context of the city's limited land fund. Now, the new draft resolution has removed the difficulty with regulations allowing the creation of resources from land and publicizing and transparently pricing land so that businesses can calculate investment costs.
For businesses facing difficulties in compensation, this time the new draft resolution requests a mechanism for compensation in addition to cash, the same type of land, and also has provisions for compensation in other types of land. According to Mr. Nguyen Toan Thang, in addition to the contents of the new mechanism and policy, Ho Chi Minh City also decided to build a land database (using pilot software). This database determines connectivity, transparency and speed up the processing of documents.
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