Encourage high-tech enterprises and creative startups
On the afternoon of May 12, the National Assembly's Economic and Financial Committee held a second plenary session to review the Draft Resolution of the National Assembly on a number of specific mechanisms and policies, especially for private economic development. The meeting was attended by Vice Chairmen of the National Assembly Nguyen Duc Hai, Vu Hong Thanh and Deputy Prime Minister Nguyen Chi Dung.
Presenting the report, Deputy Minister of Finance Nguyen Duc Tam said that the draft aims to institutionalize the Party's policies stated in Resolution No. 68-NQ/TW on private economic development. Accordingly, the Draft proposes 5 major groups of policies including: Improving the investment and business environment; supporting access to land and production facilities; supporting finance, credit and public procurement; supporting innovation, science - technology and human resource training; supporting the formation of small and large enterprises, pioneering enterprises.
The draft consists of 7 chapters and 17 articles, stipulating a number of specific mechanisms and policies, especially applicable to enterprises, business households, business individuals and related organizations. Due to the urgency of practical requirements and the orientation of quickly institutionalizing major policies, the draft is presented in a concise order, and is proposed to be approved by the National Assembly at the 9th Session according to the one-session process.
Some qualitative contents have been mentioned, such as supporting a minimum reduction of 30% of land rent in the first 5 years for high-tech enterprises, small and medium enterprises, and creative startups. The policy applies to the land leased from infrastructure investors in industrial parks, industrial clusters, and technology nursery gardens; this cost will be refunded by the State to the investor according to regulations.
The provincial People's Committee is responsible for arranging a minimum land fund of 20 hectares for each industrial park/cluster or 5% of the total land fund with invested infrastructure, for the above-mentioned business groups.
Supporting green credit and promoting policies into practice
Article 9 of the Draft clearly states that enterprises in the private economic sector, business households, and individuals will be supported with an interest rate of 2%/year when borrowing capital to implement green, circular projects, applying the set of standards on environment, society, and governance (ESG).
Speaking at the meeting, Deputy Prime Minister Nguyen Chi Dung said that he had listened very carefully the comments, and at the same time, the biggest difficulty is currently the exact classification of the content that needs institutionalization in the Resolution, the content should be included in the amended laws and the contents will continue to improve later. The Deputy Prime Minister asked the Ministry of Finance to review all policy groups and maximize the adoption so that when the resolution is approved, it is possible to implement and arrange resources.
The Vice Chairman of National Assembly Vu Hong Thanh highly appreciated the companion of the Ministry of Finance and the National Assembly agencies in the draft. He noted that he needed to coordinate to ensure feasibility and consistency in the legal system. He also affirmed that this resolution will not be expected to institutionalize the entire content of Resolution 68, but need a roadmap, gradually amend the regulations that are still inadequate.
