(VOVWORLD) - Ho Chi Minh City has identified resolving businesses’ difficulties as one of 3 key tasks to boost economic growth, together with increasing domestic consumption and speeding up the disbursement of public investment. The authorities have issued a number of measures to help businesses overcome the current difficult period.
 (Illustrative photo: VOV) |
Huynh Van Duc, General Director of Vi Nam Viet Production and Trade Company (VINAVIT) in Le Minh Xuan Industrial Park, Binh Chanh district, said that since the end of last year, production has decreased nearly 40% due to a decline of export orders.
“We hope the city will issue prompt support policies for different groups of businesses. Businesses that suffer more should be supported first,” Mr. Duc said.
Associations, sectors, and businesses in Ho Chi Minh City urged the authorities to issue long-term policies to help businesses, such as accelerating the disbursement of public investment funds, revitalizing the real estate market, and enhancing trade promotion for exports.
Bui Ta Hoang Vu, Director of the Ho Chi Minh City Department of Industry and Trade, says the city will organize an Export Fair and other trade promotion activities for exporters.
“We’ll help export businesses find new markets. The Ministry of Industry and Trade has guidance on export markets, but we’ll help them choose markets where businesses still have room to develop. The city can organize trade promotion delegations to support export activities,” said Mr. Vu.
The banking sector has reduced lending rates and helped businesses obtain capital. Nguyen Ngoc Hoa, Chairman of the Ho Chi Minh City Business Association, said it was a good decision because a lot of businesses need working capital.
“We hope the banks will accept deposits in the forms of raw materials, finished products, and inventory. We also expect the banks to defer or relax debts for businesses,” Mr. Hoa said.
Ho Chi Minh City is the economic locomotive of the country. It’s necessary to resolve difficulties for businesses to revive municipal and national economic growth.