August 18, 2025 | 08:15

Businesses propose solutions to boost private sector

Pham Long

Businesses advocated for preferential loan packages tailored to startups, specialized credit lines for agricultural processing, and tax incentive policies to support technology enterprises.

Businesses propose solutions to boost private sector
About 200 business representatives attended the dialogue on August 17. (Photo: VOV)

The Vietnam Young Entrepreneurs Association convened a regional dialogue for the South Central Coast and the Central Highlands on August 17, part of the lead-up to the Vietnam Private Economic Forum 2025.

Held in the former city Pleiku (capital of the former province of Gia Lai, which is now part of the newly formed province of Binh Dinh),  the event drew about 200 business representatives who gathered to discuss challenges and propose strategic recommendations aimed at fostering the growth of Vietnam’s private economic sector in its next phase. The dialogue focused on four major areas of concern. In terms of institutional framework, participants called for early issuance of industry codes for specialized products, simplification of procedures for solar power projects, the granting of planting area codes, organization of certification exams for real estate brokers, and resolution of site clearance bottlenecks.

On capital, businesses advocated for preferential loan packages tailored to startups, specialized credit lines for agricultural processing, and tax incentive policies to support technology enterprises.

Infrastructure proposals included planning a national network of electric vehicle charging stations, investing in logistics and cold storage systems, and upgrading inter-regional transportation routes to enhance connectivity and efficiency.

The business community also emphasized the importance of developing a robust tech startup ecosystem, training a digitally skilled workforce, and promoting creative communication strategies to elevate the brand image of Vietnamese agricultural products in both domestic and international markets.

The forum highlighted the recent issuance of a “quartet of resolutions” by the Politburo, with Resolution 68-NQ/TW on developing the private economy regarded as a pivotal policy for advancing Vietnam’s socialist-oriented market economy. This resolution is expected to serve as a guiding principle for creating a more transparent, favorable, and sustainable investment and business environment.

Throughout the dialogue, participants analyzed existing bottlenecks and identified new opportunities for private enterprises to achieve breakthroughs, underscoring the vital role of local authorities in enabling reform and supporting business innovation.

Recommendations and insights from the regional dialogue will be compiled and presented at the upcoming Ministerial-level Session and High-level Plenary Session of the Vietnam Private Economic Forum 2025, scheduled to take place this September.

Attention
The original article is written and published on VnEconomy in Vietnamese, then translated into English by Askonomy – an AI platform developed by Vietnam Economic Times/VnEconomy – and published on En-VnEconomy. To read the full article, please use the Google Translate tool below to translate the content into your preferred language.
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