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Summary

42 INVESTMENT - INFRASTRUCTURE 48 PROPERTY

PLAN TO ADJUST PUBLIC INVESTMENT CONSTRUCTION ENTERPRISES
CAPITAL TO BE FINALIZED OPTIMISTIC ABOUT MARKET

With many ministries, branches, and localities not yet allocating PROSPECTS
public investment capital or disbursing less capital so far this year
than in the same period of last year, the Ministry of Planning and The Covid-19 pandemic and inflation eroded the
Investment (MPI) will finalize a plan for the flexible adjustment of profit margins of most construction companies
public investment capital and report to the government and the in 2021, and the industry’s growth rate was the
Prime Minister in April. The amount to be disbursed this year is lowest for a decade. It is forecast that, in 2022,
substantial, because in addition to the annual plan approved by the although many difficulties remain, construction
National Assembly there is an additional amount for the enterprises still have many opportunities. The
implementation of the socio-economic recovery and development impact of Covid-19 was completely unexpected,
program, so according to the Minister of Planning and Investment, so businesses that invest well in recovery will not
it is necessary to quickly bring this capital into the economy to create only be able to overcome the difficulties but could
a driving force for growth in 2022. actually recover faster and post higher growth.

46 TRADE - MARKET 50 DIGITAL BIZ

REMOVING OBSTACLES IN FISHERIES “SANDBOX” MECHANISM
FLEET DEVELOPMENT STILL LIMITED

Decree No. 67/2014/ND-CP contained a number of fisheries
development policies, in which the credit policy for building and Vietnam introduced two pilot mechanisms
upgrading vessels issued by the government on July 7, 2014 has not regarding digital development in the 2016-2021
been as effective as expected. The Ministry of Agriculture and Rural period with a similar approach to a “sandbox”:
Development had to hold a meeting recently to develop a new Decree technology taxis and mobile money. A true
to replace Decree No. 67 and address the difficulties, limiting losses and “sandbox”, however, is still absent in the country,
risks incurred by people and banks. After reviewing Decree No. 67, the even though the concept has been discussed for
Directorate of Fisheries proposed amending and supplementing major many years. According to the Vietnam Chamber of
policies relating to investment; ship ownership; one-time support after Commerce and Industry (VCCI), the pilot
investment; insurance; training; the cost of maintaining and repairing mechanism had three major limitations. The fact
steel-hulled fishing vessels; and supporting the implementation of co- that Vietnam has not yet had any testing mechanism
management in the protection of aquatic resources. has created many difficulties for businesses.

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