Hung Yen: Resolution No. 68-NQ/TW drives private sector development

The Resolution No. 68-NQ/TW represents a comprehensive effort to remove barriers for private enterprises by addressing three key bottlenecks: access to land, improved access to capital, and a more coherent policy framework.

Shifting from “management” to “service”

Recognizing that the private sector contributes more than 70% of total social investment and provides employment for the majority of the local workforce, Hung Yen has adopted a range of supportive policies. A notable example is Resolution No. 773/2025/NQ-HĐND, issued by the Provincial People's Council on November 12, 2025, which introduces preferential policies and investment incentives for digital transformation, cybersecurity, semiconductors, electronic components, and the development of laboratories and innovation centers during the 2025-2030 period.

Provincial leaders affirmed that administrative reform and greater transparency are the keys to unlocking the productive potential of the private sector. To this end, the Provincial People's Committee has introduced a series of decisive measures:

Streamlining investment procedures: Reduce by at least 30% the processing time for administrative procedures related to project licensing, environmental impact assessment (EIA), and fire prevention and fighting (FPF) approval for private enterprises.

Ensuring equal access to resources: Eliminate all invisible barriers and ensure a level playing field among the state sector, foreign invested enterprises (FDI), and private businesses. Domestic enterprises with strong growth potential, clean technologies, and high value added projects will receive maximum support to enter and expand in the market.

The Provincial People's Committee has also instructed all communes and wards to publicly disclose 100% of land use plans, construction plans, and sectoral development plans on their official online portals. This enables private enterprises to make informed business decisions while reducing unofficial costs.

By proactively addressing longstanding bottlenecks and improving the investment climate, Hung Yen has created fresh momentum and a solid foundation for the private sector to expand in both scale and quality. Supported by these breakthrough policies, private enterprises have not only reinforced their role as a key driver of the province's economic growth but have also become an important force in advancing Hung Yen's industrialization and modernization.

Long-term structural solutions are needed

Representing the interests of thousands of businesses across the province, Mr, Do Van Ve, Chairman of the Hung Yen Business Association, praised the provincial government's strong shift in governance thinking. However, he emphasized that for the private sector to truly become a breakthrough driver of economic growth, more fundamental and long term solutions are required. To that end, the Association has put forward a number of practical recommendations aimed at addressing the root causes of existing challenges.

Regarding access to land – the "shortage" of cleared land: The Association recommended that the province take more decisive action in land clearance to create a supply of cleared land for public auction to small and medium-sized private enterprises. At present, most land in large industrial parks is prioritized for FDI enterprises, while domestic enterprises face great difficulty in finding production sites that match their financial capacity and production scale. The Association proposed that the province designate separate areas within industrial clusters for supporting domestic enterprises, with reasonable land rental rates.

Regarding access to capital – more flexible mechanisms are needed: Collateral remains the biggest barrier for the private sector. The Association recommended that commercial banks operating in the province diversify their lending methods, including cash flow based lending, lending secured by commercial contracts, and lending secured by assets formed from loan proceeds, thereby directing capital to businesses that are in urgent need of financing.

Private enterprises survive on speed. Once an opportunity is lost, the market is lost. We hope that provincial departments, agencies and local authorities will regard the difficulties faced by enterprises as their own.

Regarding the legal environment: The Association proposed that the province establish a special task force to resolve private investment projects that have been stalled due to overlaps between the Land Law, the Law on Investment and the Law on Construction. Enterprises fear delays and the shifting of responsibilities among government agencies more than they fear complicated administrative procedures.

Perspective from entrepreneurs and businesses: hoping for genuine support

Based on their practical experience in the market, entrepreneurs and businesses in Hung Yen expressed their aspiration to contribute while also candidly pointing out the bottlenecks that need to be addressed as soon as possible.

Mr. Nguyen Van Dong, Chairman of the Board of Directors of Dam San Joint Stock Company, the infrastructure investor of the expanded Vu Ninh Industrial Cluster and several other ongoing projects, shared that he highly appreciated the practical support and close cooperation provided by the leaders of Hung Yen Province as well as the Department of Agriculture and Environment throughout the company's investment, production and business activities.

The provincial authorities have consistently demonstrated a proactive and responsible approach in providing guidance and helping businesses address difficulties, particularly those related to land procedures, environmental matters and site clearance. At the same time, we hope that the province and its departments will continue to accelerate administrative reform by simplifying procedures, enhancing transparency and shortening the processing time for applications. It is also necessary to strengthen the application of information technology in administrative management and service delivery. In addition, further support mechanisms are needed to assist enterprises with site clearance, technical infrastructure investment and access to preferential financing.

Mr. Hoang Hung Viet, General Director of Hung Yen Housing Construction Investment Joint Stock Company, the investor of the "Social Housing Project in Pho Hien Ward, Hung Yen Province", said that during the implementation of the project, the leaders of Hung Yen Province had directed relevant departments, agencies and local authorities to review and shorten the processing time for administrative procedures. In particular, the Department of Construction has provided support in planning approval, construction permit issuance and the determination of social housing selling prices in accordance with regulations, while guiding the completion of project documentation to ensure compliance with technical standards and regulations on social housing.

However, many bottlenecks still need to be addressed. I propose that the province continue to accelerate administrative reform by placing social housing projects into the 'green channel' and “priority channel”, allowing procedures related to investment, land, planning, construction and the environment to be carried out simultaneously. This will make an important contribution to facilitating project implementation and meeting the housing needs of local people.

Mr. Nguyen Quang Tiep, Chairman of the Hung Yen Association of Veteran Entrepreneurs and Businesses, shared that the Association serves as a common home for veterans engaged in production and business across a wide range of sectors. Although its members differ in scale, business sectors and operating conditions, they all share the qualities of former soldiers, a spirit of solidarity and responsibility, and a strong aspiration to contribute to the development of their hometown.

In the new development phase, one of the Association's key tasks is to help improve the governance capacity, adaptability and competitiveness of its member enterprises. As entrepreneurs engaged in business and economic activities, we hope that the leaders of Hung Yen Province will introduce specific mechanisms to support veteran entrepreneurs, creating greater momentum for our production and business activities. We also hope that provincial departments, agencies and local authorities will continue to accompany enterprises and help resolve their difficulties.

We are committed to building a truly connected community of veteran entrepreneurs, where members give priority to using one another's products, share business opportunities and support fellow members facing difficulties. As each member enterprise grows stronger and more sustainable, the Association's role and contribution to the province will become even more significant.

The concerns expressed by entrepreneurs are entirely understandable. The essence of the private sector lies in its flexibility, autonomy and responsiveness. When businesses have to spend excessive time and effort seeking approvals and overcoming administrative hurdles, their core competitiveness is inevitably weakened.

The implementation of Resolution No. 68-NQ/TW in Hung Yen cannot be achieved overnight, nor can it succeed through the efforts of a single stakeholder alone. It requires the combined strength of three driving forces: the political determination of the provincial leadership; practical, resource based solutions from provincial departments, agencies and local authorities; and the proactive engagement and policy recommendations of business associations, enterprises and entrepreneurs.

For the private sector to be truly "unshackled", Hung Yen needs to sustain its reform momentum by removing the invisible barriers of administrative procedures and outdated governance thinking. Land should be allocated to those who can create value, capital should flow to efficient and productive projects, and policies should serve as a springboard rather than a bottleneck. As the private sector becomes stronger and more self reliant, it will provide the most solid foundation for Hung Yen to realize its ambition of becoming a centrally governed city at the earliest opportunity.