Unlocking institutional bottlenecks: From policy dialogue to market action

As Resolution 68 identifies the private sector as a critical growth driver, the need to address institutional bottlenecks and improve credit access has become increasingly urgent. This was the central theme of the policy dialogue titled “Unlocking Institutional Bottlenecks - Enabling Private Sector Resources”, organized by the Vietnam Television Centre on 27 May 2025, gathering over 50 experts, regulators, and business leaders.

Roundtable Discussion: “Unlocking Institutional Bottlenecks - Enabling Private Sector Resources”, organized by Vietnam Television in Ho Chi Minh City.

The event drew participation from more than 20 media outlets, reflecting public interest in how key frameworks such as Resolution 68 and 139 can be translated into actionable levers that accelerate private sector development.

Discussions focused on three priority areas: land access, credit mobilization, and the legal framework for innovation. Most participants agreed that the core challenge lies not in policy design, but in execution, particularly the lack of coherence, transparency, and structured risk-sharing mechanisms. 

Speaking from the perspective of an international financial institution, Mr. Lim Dyi Chang, Country Head of Commercial Banking, UOB Vietnam, outlined three key recommendations:

Mr. Lim Dyi Chang shared his perspective on Resolution 139/NQ-CP and the emerging shift from regulatory compliance to proactive green finance adoption.

First, to enhance policy effectiveness, some form of risk-sharing mechanism is essential. For commercial banks, credit decisions are less about interest incentives, and more about credit risks in a volatile market environment.

Second, ESG and green transition are no longer compliance costs, they are competitive imperatives. When policy frameworks position ESG as a growth driver, market responses become more proactive and constructive.

Third, financial institutions must expand their role from capital providers to strategic partners. This means co-developing ESG-aligned business models and supporting implementation. At UOB, every green financing solution is coupled with advisory on structuring and execution.

Overall, the dialogue marked more than a policy exchange, it signaled a shift in market behavior, where institutional reform and financial readiness are converging to shape economic outcomes. Financial institutions serve as a key enabler, bridging policy and practice, channeling funds to deserving projects, and transforming incentives into tangible, long-term growth.