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16 COVER STORIES 30 PROPERTY
SOLUTIONS OFFERED TO More Measures needed to

HANDLE FAKE FERTILIZER boost real estate Market

PRODUCTION According to analysts, Vietnam’s real estate market is still
to develop transparently, stably, and sustainably. One reason
is that legal institutions and law enforcement by a number
According to the Vietnam Fertilizer Association, there are of government agencies continue to exhibit problems.
about 4,000 cases relating to fake or poor-quality fertilizer each Analyst have therefore suggested that the government focus
year, and Vietnam’s farmers incur losses of $2.5 billion on perfecting legal institutions to build a transparent and
annually because of the situation. Interruptions to imports due fair real estate business and investment environment.
to Covid-19 and the impact of the Russia - Ukraine conflict Within this, it is necessary to ensure the right to access land
have also triggered sharp increases in fertilizer prices, making resources for enterprises to conduct investments in the most
the production of fake fertilizers more common. The Plant suitable manner. For sustainable development, the country
Protection Department at the Ministry of Agriculture and needs to effectively strengthen the relationship between the
Rural Development is to further strengthen inspections and
examinations of fertilizer production and business real estate market and the capital market, so that both can
establishments, and has requested that local authorities at all develop strongly and support each other.
levels coordinate with specialized local agencies to regularly
review and update information on fertilizer production
facilities to handle any violations.

40 DIGITAL BIZ
8 ECONOMY & POLICY
BUILDING DIGITAL INFRASTRUCTURE TO
OPINIONS MIXED ON CREDIT LIMIT DEVELOP DIGITAL ECONOMY

The explosion of credit contributed to inflation and the
banking system crisis in the 2007-2012 period, so since 2013
the State Bank of Vietnam has granted credit limits to each
bank under criteria that include good systems governance,
low bad debts, and priority being given to customer groups
in basic fields under the direction of the government. At the
current session of the National Assembly, some delegates
have said that the granting of credit limits resembles the “ask
- give” mechanism but the head of the banking industry
affirmed that it is necessary in the current context.
Radio frequencies are national property, and the State needs
to continue to perfect the relevant law as a basis for their
effective management, use, and exploitation, and the protection
of frequency resources and satellite orbits amid socio-economic
development, national defense and security, and international
integration. Amending and supplementing a number of articles
in the Law on Radio Frequency would contribute to realizing
the goal of building digital infrastructure and meeting
requirements in the development of the digital economy and
digital society. According to the Ministry of Information and
Communications, the draft Law adds three articles, amends 15,
and adds, replaces, or abolishes a number of phrases in some
articles to ensure overall consistency.

4 kinh tế Việt naM | số 24 | ngày 13/6/2022 www.vneconomy.vn