Businesses want more help from the Vietnam Government


Workers assemble automobile components in TC Motor under Thành Công Group. Vietnam News/ANN

HANOI, March 5 (Vietnam News/ANN): Domestic businesses have called on the Government to aid them as they are still struggling to maintain production and business activities due to a lack of credit support after more than a year of coping with the Covid-19 outbreak.

This appeal was sent to Prime Minister Nguyen Xuan Phuc by the business community in early February.

It asked the Government to consider lifting the export tax on woodchips to remove difficulties for wood producers amid the Covid-19 pandemic. Businesses want the Government to stabilise the purchasing price and encourage growers to maintain afforestation to boost export promotion.

The transport sector is one example of an industry looking for Government help.

A decree that took effect last April requires transport businesses transporting passengers by automobiles with at least nine seats or transporting cargo by tractor trucks or tractor units to equip their vehicles with cameras.

Installing cameras in the sector's more than 340,000 vehicles would cost about VNĐ1.5-1.9 trillion (US$65-82 million) and maintaining servers and transmission lines will also cost about VNĐ500 billion ($21 million) per year.

These are really big expenses for transport companies amid the pandemic, so firms have asked the deadline for installation to be delayed until this July.

These are two of the many recommendations sent to the PM to overcome difficulties amid the new way of the Covid-19 outbreak.

Most businesses are hoping for supportive policies from the Government, especially assistance related to tax and fee deferrals.

Solutions

To deal with the difficulties of Covid-19, experts have called on ministries and agencies to urgently work out appropriate policies and solutions.

Experts said solutions needed to meet four criteria, with the first solution is that the Government should ensure socio-economic stability and offer incentives for businesses to soon recover.

Experts have also called on the Government to support economic activities to prevent and minimise liquidity loss, bankruptcy, business dissolution and facilitate rapid recovery of businesses after Covid-19.

They also asked the Government to restructure the economy in accordance with the global changes after Covid-19.

Lastly, the Government should stimulate domestic consumption and ensure social security. - Vietnam News/ANN
Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3
   

Next In Aseanplus News

Asean News Headlines as at 8pm on Monday (April 19)
Indonesia extends restriction amid Covid-19 pandemic as country's Covid-19 total balloons over 1.609 million
Thailand's Covid-19 infections ease after days of record highs
Singapore: Cops seize over 40kg of drugs - record amounts of cannabis and heroin; 20 new Covid-19 cases; one local on Monday (April 19)
WHO wants richer countries to help out Philippines with vaccines as its Covid-19 total nears 950,000
Thailand: Experts explore ways to protect 'James Bond islet' from erosion
Vietnam's carmaker VinFast says considering fundraising opportunities
BYD launches new open-source EV product platform
Super Typhoon kills one in Philippines, tens of thousands flee; Covid-19 issue sprouts free food pantries in country
Ensuring safety of international trade arteries requires collective effort, says Singapore minister

Stories You'll Enjoy


Vouchers