From the groundbreaking event of the 1,000 billion VND bridge, new recommendations on private investment

Dr. Tran Du Lich - National Monetary Policy Advisory Council - made recommendations at the discussion on March 29

On the morning of March 29, at the seminar "Businesses accompany the city in infrastructure development in 2025" organized by the Ho Chi Minh City People's Committee, Dr. Tran Du Lich - National Monetary Policy Advisory Council - raised issues for businesses as well as the city regarding the private investment model.

Mr. Lich said that there was a period in Ho Chi Minh City when every 1 dong of state investment capital attracted 12 dong of private investment capital, state investment capital was 1 capital, the role of enterprises was very important.

Mr. Lich posed two questions for businesses: How to contribute to the development of economic and digital infrastructure; and are all the PPP regulations and laws (Law on Planning, Law on Investment, Law on Investment under Public-Private Partnership) attractive enough for businesses to invest? What issues need to be resolved so that the private sector can participate more deeply and strongly in economic and social infrastructure investments?

On the occasion of the groundbreaking ceremony of the pedestrian bridge across the Saigon River, connecting Bach Dang Wharf (District 1) with Thu Thiem urban area (Thu Duc City) with a total investment of nearly 1,000 billion VND, Mr. Lich raised a new issue.

"I want to discuss in depth because there is no law on the model of private investment, state ownership and public use. I propose a legal framework that cannot be included in the PPP investment law.

"In order to attract huge resources from private investment, it is necessary to adjust investment according to the model of private investment, state ownership and public use. This has been done quite commonly in other countries," Mr. Lich said.

To do this, Mr. Lich said two groups of policies are needed: tax support for businesses and moral support.

According to Mr. Lich, all construction investment capital is deducted before tax as other countries have done.

"For example, a tax of 15-20%, roughly speaking, a state project costs 1,000 billion VND, the state only spends 200 billion VND, and private enterprises spend 800 billion VND. With such a connection, many projects will be born without the state having to spend 1,000 billion VND.

And spiritually, the project is named after the business so that they feel honored and have contributed to society," Mr. Lich analyzed.

Overall assessment from 2026 onwards, Ho Chi Minh City is like a big construction site, with too much room for the private sector, so Mr. Lich noted:

"Regarding the proposal to implement Resolution 188 of the National Assembly on urban railways, how can Vietnamese enterprises participate in the development of this railway at each stage of operation, to form a railway industry in the future. What policies can be done, enterprises can study."

Construction of a 1,000 billion VND pedestrian bridge across the Saigon River, connecting Bach Dang Wharf and Thu Thiem - Video: CHAU TUAN

Ho Chi Minh City: will select 50 most typical enterprises in the past 50 years to honor

At the discussion, Mr. Vo Van Hoan - Vice Chairman of the Ho Chi Minh City People's Committee - said that he would accept the proposal to adjust the private investment model. Mr. Hoan added that the city will soon select the 50 most typical enterprises in the past 50 years to honor for accompanying Ho Chi Minh City on the occasion of the 50th anniversary of the Liberation of the South and National Reunification (April 30, 1975 - April 30, 2025).

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Source: https://tuoitre.vn/tu-su-kien-khoi-cong-cau-1-000-ti-dong-kien-nghi-moi-ve-dau-tu-tu-nhan-2025032915551524.htm