Vietnam to prioritise vaccines, tax exemptions, interest rate cuts

The Ministry of Planning and Investment (MPI) has consulted community businesses to develop the Government's resolution on supporting businesses during the COVID-19 pandemic.
Vietnam to prioritise vaccines, tax exemptions, interest rate cuts ảnh 1Workers in Tan De 1 Garment Factory in Thai Binh province sew clothes for export (Photo: VNA)
Hanoi (VNA/VNS) - The Ministry ofPlanning and Investment (MPI) has consulted community businesses to develop theGovernment's resolution on supporting businesses during the COVID-19 pandemic.

The MPI draft said the business sector played akey role in the country's socio-economic development and was an important linkin the production network, value chain and core force in creating materialwealth.

Seeing lower resilience of the business sectorin a more complicated situation, the MPI, coordinating with relevantministries, has studied and absorbed the opinions of the business community andassociations, and developed a draft resolution to support and developbusinesses from 2021 to 2025.

Aiming to control the pandemic and to restoreproduction and business activities as soon as possible, the draft plans toremove difficulties, obstacles and bottlenecks hindering production and thebusiness activities of enterprises to minimise the number of enterprisestemporarily shutting down, dissolving or going bankrupt.

It plans to have 160,000 enterprises enjoyingtax payment extensions, and exemption of taxes, fees and land rent reduction;50,000 enterprises returning to operation; and hundreds of thousands ofbusinesses having access to policies reducing electricity, water,telecommunications charges, and policies to support employees, employers andtraining of workers.

So far, MPI representatives have asked businessesto put their employees and workers, especially in key economic regions,economic zones, and industrial parks, into priority groups for vaccination.

The MPI said: “Due to different instructionsand the inconsistent implementation between localities, there was trafficcongestion at some seaports and roads, affecting the production and business ofenterprises.”

It suggested localities take responsibility forplans and conditions for safe production and business in accordance with theCOVID-19 pandemic.

The MPI suggested the study, amendments andsupplement of regulatory policies on rescheduling debt repayment, exemptionsand reduction of interest and fees for customers affected by COVID-19, and alsoto expand the range of beneficiaries.

Businesses have also raised a number of issuesof concern such as the granting and extension of work permits for foreignexperts, overtime, and medical isolation procedures for localities to receiveincoming workers including local ones who returned from other areas.

According to the ministry, the draft is built to uphold the spirit ofself-reliance, as well mobilise national unity, the participation of the wholepolitical system, business community and people, in efforts for the key goal ofprotecting people's lives, health and business activities./.
VNA

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