In addition to recommendations such as tax reduction, extension, and bank interest rate reduction, many businesses want the Government to issue regulations to reduce harassment, even temporarily suspending inspection of administrative procedures and tax audits. businesses until the epidemic is under control.

Photo. (Source: internet).
Motivation for business
Mr. Ha Tuan Anh - Chairman of the Young Entrepreneurs Association of Ninh Binh province told Lao Dong that this outbreak had a very heavy and serious impact on the health of businesses. These are cash flow challenges, labor shortages, supply chain disruptions, scarcity of containers, soaring international freight rates...
The complicated developments of the epidemic have "overturned" all plans, making it difficult to predict because labor resources are also strongly affected when many workers are temporarily leaving economic regions.
Therefore, according to Mr. Tuan Anh, this is the time when we need to pay more attention to the issue of creating trust and motivation for businesses.
In addition to recommendations such as tax reduction, tax extension, and bank interest rate reduction, Mr. Tuan Anh said, most businesses want to immediately suspend the inspection of administrative procedures and tax inspection of enterprises until the end of the year. The epidemic is under control, production and business returns to normal (except for cases with signs of criminal violations).

Proposing to continue to reduce lending interest rates from 0.5% - 1%/year
Before the difficulties of businesses, Mr. Truong Van Cam - Vice Chairman of the Vietnam Textile and Apparel Association stated that the State Bank directed the banking system not to lower the credit limit for businesses facing difficulties. difficulties due to COVID-19, continue to reduce lending interest rates from 0.5% - 1%/year and extend the repayment period of principal and interest in 2021 and 2022.
"The implementation of prolonged social distancing is greatly affecting the business results of textile companies, about 50% of factories are located in the South. Currently, the rate of factories having to close has reached 35%, due to insufficient funds to implement "3 on the spot".
Vietnam's textile and garment industry faces the challenge of labor shortage and the vaccination rate for the industry is still low. In the positive scenario, if COVID-19 is controlled by the end of August 2021, the industry's export turnover in 2021 will only reach 33 billion USD, completing 84% of the whole year plan.
However, this time is extremely difficult because the translation is still very complicated. The 2021 goal of reaching $39 billion will be very difficult. If the epidemic is not controlled, the industry's potential is only 33-34 billion USD this year," Mr. Cam said.
In addition, according to Mr. Cam at this time, localities do not adjust land rents in the condition that businesses have to fight against the epidemic and study to reduce land rent by 50% for businesses in localities applying Directive 16. .
A representative of the Vietnam Textile and Apparel Association also said that the association had written a proposal to the Government to stop the revenues that are not immediately spent but for balance.
Specifically, the Ministry of Labor, War Invalids and Social Affairs will study and propose to stop paying to the retirement and survivorship fund as prescribed in Resolution 68/NQ-CP, but not only within 6 months from the date of submission of dossiers but 1 years from the date of application. For businesses located in the locality applying Directive 16/CT-TTg, 50% of the payable amount will be reduced.
Currently, the balance of two funds of Social Insurance and Unemployment Insurance is still too large. As announced so far is 935,100 billion, while businesses are very difficult, it is necessary to stop and reduce the payment for 1 year to "save" the business at this time.
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