Build special, specific mechanisms such as "green channels" for new industries and fields, for reputable enterprises in the investment, trade, as well as in production and business activities.
Build special, specific mechanisms such as "green channels" for new industries and fields, for reputable enterprises in the investment, trade, as well as in production and business activities.
This is one of five groups of solutions that the Private Economic Development Research Board (Board IV) has sent to the Government, with the hope of contributing to solutions to achieve a GDP growth rate of 8% or higher in 2025.
The goal of this proposal, according to Board IV, is to quickly take advantage of opportunities, make a difference in the business investment environment in Vietnam and communicate strongly internationally.
However, if based on the very specific recommendations that businesses and business associations have sent to the Government, ministries and branches in the past time related to the Waste Treatment Project in Tra Vinh and Ho Chi Minh City of Refrigeration Electrical Engineering Corporation (REE), the R&D Center Construction Project of CMC Technology Group which has not completed procedures for 3 years... or concerns about delays in complying with regulations on electricity price negotiations in energy projects, in decisions at the grassroots level... then the goal is also to free up resources in unfinished projects.
It also aims to reduce risks and business investment costs through reviewing and reconsidering current regulations and procedures.
Moreover, if we look at the law-making schedule this year, with a series of legal documents related to production and business activities, such as the Law on Corporate Income Tax, the Law on Special Consumption Tax, the Law on Digital Technology Industry, etc., the green channel mechanism is also expected to minimize compliance costs. This mechanism even helps to extend the implementation time and also wants to temporarily not propose regulations and policies that may increase business operating costs...
It should also be mentioned that the special investment procedure - also known as the green channel - has just been issued by the Government, effective from February 10. However, this procedure is only for new investment projects in the fields of building innovation centers, R&D centers; investment in the field of semiconductor integrated circuit industry, design technology, manufacturing components, flexible electronics (PE), chips, semiconductor materials or projects in the high-tech field that are encouraged to develop investment in industrial parks, export processing zones, high-tech zones.
Meanwhile, when analyzing the growth drivers that can immediately contribute to this year's 8% growth target, economic experts also recognized that thousands of unfinished large-scale investment projects, if "revived", would unlock a significant source of capital for the economy, provide more products to the market, and soon create new value for society.
This point can be clearly seen when analyzing the 8% growth scenario that the Government submitted to the National Assembly. Accordingly, the total private investment capital that needs to be attracted is at least 96 billion USD, an increase of 1 billion USD compared to the GDP growth plan of 6.5 to 7% and striving to reach the assigned 7.5%.
Although this increase is only one-third of the $3 billion increase in public investment, it is not small compared to the figure achieved in 2024 (about $84 billion). Importantly, this is money in the pockets of businesses.
In the context of the production and business situation in early 2025 not having much improvement, the Industrial Production Index (IIP) in January 2025 increased slightly by 0.6% over the same period, the Purchasing Managers' Index (PMI) was below 50 points for 2 consecutive months, if there is no special policy solution package, no drastic implementation to limit all possible "neglect" in the process of arranging and streamlining the apparatus, in mobilizing resources, developing the socio-economy to quickly turn over capital for businesses, it will not be easy to put money in the pockets of businesses into the economy.
The green channel mechanism aims to stimulate private investment, which can also be a safe, transparent, low-cost, internationally-standard investment and business environment to promote all current business and enrichment plans of people as well as businesses.
Source: https://baodautu.vn/xay-dung-co-che-luong-xanh-kich-thich-dau-tu-tu-nhan-d246167.html
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