Held under the theme “Removing Bottlenecks – Unlocking Resources – Driving Growth,” the meeting brought together major corporations and enterprises, which pledged to contribute to Vietnam’s goal of achieving double-digit economic growth.
Representing the groups, corporations and businesses, Petrovietnam Chairman Le Ngoc Son promised to make stronger efforts to contribute to realizing the goal of achieving the double-digit growth and called for breakthrough policies to strengthen the oil and gas sector.
Mr. Son said: “With the conflict in the Middle East disrupting about 20 percent of global crude oil and LNG supplies, we urge the Government to quickly establish a legal framework for national energy reserves, starting with strategic crude oil stockpiles. We also propose assigning PetroVietnam to work with partners on developing and operating a national crude oil storage system integrated with existing refining and energy hubs, helping strengthen the economy’s energy security and resilience against future energy shocks.”
Concluding the conference, Prime Minister Hung stressed the need to focus on removing institutional bottlenecks, especially those related to land.
“The draft revised Land Law is now open for public consultation, and businesses should actively contribute, particularly on key issues such as land valuation, land acquisition and compensation. These are matters that fall under the State’s responsibility. If land prices have not yet been determined, businesses should not be required to make additional payments, as that only increases their financial burden. I understand this is a major concern for enterprises because access to land, alongside access to capital, is essential for investment and growth,” said the PM.
The Prime Minister also called on businesses to strengthen participation in domestic and global production and supply chains, accelerate key infrastructure and strategic industrial projects, and continue playing a leading role in Vietnam’s economic development.
