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Summary

43 PROPERTY
SOLUTIONS

REQUIRED TO

ADDRESS CAPITAL

PROBLEMS IN

REAL ESTATE

40 BANKING - FINANCE
T hough signs of improvement are clear to see,
Unlocking financial resources Vietnam’s real estate market still faces a host of
issues, especially in regard to capital and laws. To
helps businesses benefit from FTAs
sustainably develop the market, it is necessary to increase
A ccording to data from the Ministry of Industry and Trade, supply in accordance with the needs and payment capacity
of people on low incomes, who have high demand for
the implementation of free trade agreements (FTAs) has
achieved very positive results but local businesses are still to housing. The VND120 trillion ($5 billion) credit program
make full use of the opportunities in FTA partner markets. One needs to be effectively deployed, and the effectiveness of
of the key reasons is that businesses still face problems accessing the Prime Minister’s Special Working Group on removing
capital and financial resources. To help them benefit from FTAs, difficulties for real estate projects enhanced, while localities
the government, ministries, and branches have issued fiscal need to promote administrative reform, focusing on
policies to diversify credit sources. In reality, however, accessing removing legal problems facing real estate projects.
finance for businesses, especially small and medium-sized Planning approval, investment policy approval, and
enterprises (SMEs), still presents many difficulties and requires investor selection should also be improved to implement
additional involvement from relevant parties. projects and increase supply.

50 TRADE - MARKET 52 BUSINESS

Boost for business from
high-tech agriculture

PROCESSED DRAGON FRUIT S cience and technology has contributed about 35
per cent to the recent success of agricultural
production in Vietnam, according to estimates.
DIFFICULT TO CONSUME Growth in the agricultural sector has been maintained
at a high level due to science and technology,
contributing to maintaining Vietnam’s overall growth.
T hough processing is considered a necessary solution to Digital transformation in agriculture has helped many
businesses overcome limitations in product quality,
ease the pressure in exporting fresh dragon fruit,
processed products are still quite difficult to consume. connect with markets, and build brands, thereby
According to analysts, developing dragon fruit processing forming a modern agriculture sector bringing high
requires chain management to ensure the best source of raw value and earnings. It is expected that science and
materials. It is necessary to boost investment in processing and technology will contribute over 50 per cent of total
diversify products from dragon fruit, to relieve pressure on fresh growth in the agricultural sector soon, so it is necessary
fruit consumption and aim for long-term and sustainable to mobilize all investment resources in certain
development of dragon fruit trees. technology fields, especially high technology.
www.vneconomy.vn Số 48 | Ngày 27/11/2023 | KINH TẾ VIỆT NAM 5