Implementing New Laws on Investment, Bidding, and Land to Enhance the Business Environment

On the afternoon of January 10, in Hoa Binh Ward, the Provincial Business Association organized a conference to deploy new laws regarding Investment, Bidding, and Land, aimed at improving the business and investment environment within the province.

Deputy Prime Minister Nguyen Chi Dung, alongside provincial leaders and delegates.

Deputy Prime Minister Nguyen Chi Dung and provincial leaders visiting OCOP product booths of local enterprises.

The conference focused on key contents of the new Land Law, Investment Law, and Bidding Law. Discussions centered on analyzing their impacts during the implementation of the two-level local government model, orienting development for the new Phu Tho province post-merger, and proposing solutions to enhance the Provincial Competitiveness Index (PCI) and economic governance.

Chairman of the Provincial People’s Committee Tran Duy Dong speaking at the conference.

Speaking at the conference, Chairman of the Provincial People’s Committee Tran Duy Dong emphasized that the province will continue to enhance the effectiveness of implementing the Party’s guidelines and policies, as well as the State’s laws on the development of enterprises, entrepreneurs, and the private sector; while addressing inconsistencies in policy enforcement across various levels and sectors. The focus will be on reviewing, amending, supplementing, and issuing mechanisms and policies within provincial jurisdiction; promptly resolving bottlenecks related to investment, bidding, planning, land, construction, and the environment; accelerating administrative reforms to reduce compliance time and costs for businesses; and deploying a “Green Lane” mechanism for strategic investors and large-scale projects.

Simultaneously, the province aims to improve the quality of investment promotion activities; provide substantive support to businesses, particularly Small and Medium Enterprises (SMEs); strengthen the dialogue between the government and the business community; and leverage the role of the Provincial Business Association as a bridge between enterprises and the authorities, encouraging their participation in policy feedback regarding the province’s development.

The Chairman requested the Department of Finance to take the lead and coordinate with relevant departments, sectors, and localities to urgently review and finalize processes and procedures; organize training sessions to unify understanding and practices; and ensure the synchronized and seamless implementation of the new Investment Law, Bidding Law, and Land Law once they take effect within the province. The Provincial Business Association is expected to continue its representative role in gathering the business community; proactively coordinating periodic dialogues and providing written policy feedback to contribute to the timely adjustment of mechanisms and policies that are no longer practical.

Mr. Ho Sy Hung, Chairman of the Vietnam Chamber of Commerce and Industry (VCCI), stated that land management, investment attraction, and project bidding must ensure transparency, consistency, and efficiency, aligning with the new development space post-merger. Implementing these laws is not just a legal requirement but a vital tool for provincial leaders to realize planning orientations and select capable investors for high-quality projects.

Mr. Nguyen Cao Son, Chairman of the Provincial Business Association, noted that the expanded development space and streamlined government apparatus post-merger provide a premise for reorganizing dynamic regions. The synchronized implementation of the amended laws will ensure the effective use of land resources and create new growth momentum.

The conference featured a direct dialogue session between businesses, regulatory agencies, and experts to clarify implementation solutions. Participants identified existing bottlenecks, shared best practices from various localities, and proposed ways to enhance public service execution and transparency.

Through this conference, the province reaffirms its determination to accompany businesses, continue administrative reforms, and ensure strict and consistent law enforcement, thereby building investor confidence and contributing to the province’s sustainable economic growth.

Hong Duyen