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Mr. Vu Tien Loc, President of the Vietnam Chamber of Commerce and Industry (VCCI), made such comments at the Prime Minister’s meeting with companies this morning (May 9).
According to Mr. Loc, the Covid-19 epidemic has gradually slowed and repelled the disease, so the worst case scenario did not occur, creating a premise for the Prime Minister to basically eliminate the isolation situation of the commune. Assembly, opening of the internal market. Vietnam is one of the few countries in the world that has performed this miracle.
With the Prime Minister’s decision to open the market, the situation of companies and the economy has changed very rapidly. Once again, the resilience, resilience and resilience of Vietnamese companies arises in difficult conditions and crises.
“Many companies, even though profits are no longer there, including losses, declining sales, but companies still try at the highest level to care for workers, the employment rate is still very high. , showing the affection and social responsibility of entrepreneurs: job creation machines of the economy “- said Mr. Loc.
The VCCI president said that currently 69% of companies said they were losing revenue due to market shrink, 45% of companies lacked capital, lack of cash flow, 22% were struggling to find. supplies and raw materials, 18% of the shortage of skilled labor … The difficulties were much less than 1 month ago, but they are still great.
The desire of the business community at this time is, in addition to continuing to add reasonable supports, such as extending the delay time, deferring accounts payable and receivable; exemption and reduction of corporate income tax, personal income tax, import and export tax, special consumption tax … reduce rates and charges, … or loosen the “room” – increase the ceiling of Credit growth of the banking system … the most important assistance measure, which can be done immediately, is for the relevant agencies and organizations to promote the rapid and effective implementation of the support packages that have been issued.
“A piece of hunger equals a package when it is full. Quick one day, the business will live, slowly one day it may not exist, so at that time, the breathing and retransmission measures will not make sense “- said Mr. Loc.
In the new situation, the president of VCCI commented: In the country, the confidence of individuals and companies is constantly being awakened. Internationally, the largest movement of global supply chains in human history, since World War II, will take place in the near future, targeting Vietnam as a destination. When it came to security, Vietnam once again faced the opportunity to “transform into dragons” and “transform into a tiger”.
“His father used to say that money is money, time is money. When I ask many large companies, even in the most difficult moment of a pandemic, what do they need, they do not ask for money but only for a mechanism “- said Mr. Loc.
According to the VCCI President, transparency, simplification, shortening the time and cost of implementing administrative procedures to quickly implement investment and business projects are the definitive solution for companies and businesses. The total strength of social capital remains very great for business investment and infrastructure development. If we can do this, we will promote “four borders”: private investment, FDI, public-private partnerships, and public investment for development.
Mr. Loc also said that only the urgent disbursement of public investment for infrastructure projects that are already in the plan with the amount “in the pocket” of the ministries and localities exceeds 30 billion dollars. It was able to create a significant impetus for development investment, expanding markets, creating opportunities for companies, creating jobs for people, building the infrastructure for the decisive period of the foundation. economy later.
Affirming that the greatest difficulty for Vietnamese companies at this time remains the difficulty in the consumer market, Loc suggested, launching the peak months, at least from now until the end of the year, the popular movement. Vietnam prioritizes the use of Vietnamese products, Vietnamese are proud to use Vietnamese products to support Vietnamese companies.
The President of VCCI also proposed the establishment of a Steering Committee and a Working Group to promote production and business and recover the economy after the epidemic.
Chau Nhu Quynh
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