The roundtable themed Media and Business Community – Issues of Mutual Interests was held by Phap luat TPHCM newspaper in collaboration with Thoi bao Kinh te Sai Gon, Sai Gon Tiep thi, Doanh nhan Sai Gon and television channel FBNC.
Speaking at the event, Vu Anh Tam, chairman of Tai Nguyen Co., said policy quality was worth discussing since many of the current policies were ambiguous and impractical. He hoped the media would reflect business opinions about policy quality.
Le Chi Hieu, chairman and general director of Thu Duc Housing Development Corp. (Thuduc House), said legal and policy risks in Vietnam were higher than in many other nations. There are problems in every aspect and every sector, and legal documents are contradicting each other, he remarked.
To cope with this situation, businesses choose the easiest way, which is to give bribes, he said.
Citing real estate as an example, he said this sector was facing multiple problems such as exorbitant prices, huge inventory and poor liquidity. Both enterprises and the State are to blame for this situation, he stated.
High prices are caused by unreasonable regulations on site clearance compensation, land use fees and corporate income tax, along with sky-high lending rates and cumbersome procedures, he explained.
Tran Van Thanh, chairman of House Vietnam Co., said the economy had been infected with a virus named financial distress. Still, policies are confusing and ambiguous, undermining the confidence of the business community.
Pham Duc Binh, chairman and general director of Thanh Binh Co. in Dong Nai, stressed enterprises were struggling with impractical regulations, which they could hardly satisfy. Therefore, they have to suffer, dodge the laws or violate them.
He suggested that when reporting on businesses, the media should only report what had been completely obvious.
Representatives of many companies said a lot of information on the media was untrue, causing them much trouble. They proposed reporters and journalists be more responsible, always confirming the information they hear and having a deeper thought on every issue.
Truong Dinh Hoe, general secretary of the Vietnam Association of Seafood Exporters and Producers (VASEP), said the media should give their opinions on the State policies right in their draft stage rather than waiting until their release.
Tran Ngoc Chau, director of FBNC, said the business community was a source for economic newspapers. Although the media cannot directly remove difficulties for enterprises, they can exert a pressure on the policymakers.
At the roundtable on Wednesday, Le Hoang Chau, chairman of the HCMC Real Estate Association, Le Chi Hieu and Nguyen Thanh Toai, deputy general director of Asia Commercial Bank (ACB), volunteered to join hands with the editors in chief of Phap luat TPHCM, Thoi bao Kinh te Sai Gon, Sai Gon Tiep thi, Doanh nhan Sai Gon and FBNC to organize regular meetings between the media and the business community.