(HBO) - The provincial Business Association and the State Bank of Vietnam's Branch in Hoa Binh province hold a meeting on August 5 to discuss solutions to remove difficulties for businesses affected by the COVID-19 epidemic.
Photo: Representatives of the provincial Business
Association suggested the implementation of preferential credit policies to
support businesses to overcome difficulties.
At the meeting, representatives of the provincial Business Association and
enterprises agreed that given complicated developments of the COVID-19
pandemic, companies face a lot of challenges. Many enterprises had to suspend
operations.
Enterprises proposed a number of recommendations to remove difficulties,
including increasing debt restructuring time, expanding the list of
beneficiaries of incentives for extension, postponement, and reduction of
interest rates for enterprises operating in the fields of investment,
construction and real estate.
It was necessary to consider reducing the interest rates to the maximum level
for all loans at banks as currently, some banks have reduced while others have
reduced a little or not yet doing so. The guarantee fees and loan commitment
fees should also be lowered. There should be a flexible mechanism in medium and
long-term loans secured by assets formed in the future.
The collaterals at banks as real estates should be re-evaluated to be relevant
to the market so that enterprises have the opportunity to borrow more capital
while administrative procedures should be simplified to facilitate businesses
access to the 26-trillion VND support package, the businessespeople said.
They asked for the removal of collaterals for loans for construction works
funded by public investment capital when a decision on capital allocation has
been made. The implementation of activities to support businesses affected by
the COVID-19 pandemic should be sped up, they added.
Leaders of the State Bank of Vietnam (SBV)’s Branch in Hoa Binh province
exchanged and shared difficulties that businesses were facing and received
suggestions to study and report to the SBV for solutions to solve their
problems.
In the coming time, the SBV will continue to direct commercial banks and credit
institutions to effectively implement activities to support businesses affected
by the COVID-19 pandemic and organise a signing ceremony on coordination
regulations between the SBV’s Branch in Hoa Binh and the provincial Businesses
Association to ease difficulties for enterprises.
The provincial Department of Agriculture and Rural Development on November 20 coordinated with Hai Dang Group Hoa Binh Seafood Company Limited to release 1.5 tonnes of fries into Hoa Binh Lake to regenerate aquatic resources, with a total value of 266 million VND (10,460 USD).
On the afternoon of November 16, Nguyen Phi Long, alternate member of the Party Central Committee and Secretary of the provincial Party Committee, held a reception for a delegation from the Indian Embassy led by Ambassador Sandeep Arya. The delegation included the chairperson of the Indian Chamber of Commerce in Vietnam, embassy personnel, and Indian businesses operating in Vietnam. Accompanying Long at the meeting were leaders of the provincial People's Committee and representatives from various departments and sectors.
Hoa Binh province hosted the "Meet India 2024" conference on November 16, marking a significant step in strengthening bilateral economic ties between Vietnam and India.
In recent times, with its core role in building and fostering great national unity, Cao Phong district's Vietnam Fatherland Front Committee has actively carried out its responsibilities and front work, and closely collaborated with member organisations to encourage locals to implement the Party’s guidelines, and the State’s policies and laws. At the same time, it has worked to promote the dynamism, creativity, and contributions of officials, Party members, and local people to help the district develop further.
From a type of bulb used as a seasoning for daily meals, thanks to the efforts of local authorities and farmers, shallots have become a commercial crop in Yen Thuy district, contributing to promoting the transformation of crop structure in agricultural production, bringing higher incomes to locals.
