(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.
After the Lunar New Year (Tet) holidays, trade union members and workers in Hoa Binh province returned to work with an excited spirit at the beginning of the new spring. Throughout the workshops, factories and enterprises, they were full of enthusiasm, immediately getting to work, striving to excellently complete tasks and production and business targets.
Red grapefruit is a native crop of Tan Lac district, where the fertile soil and favourable climate create ideal conditions for its growth. With over 80% of the area being mountainous, at an altitude of 300-400 metres above sea level, red grapefruits here thrive on well-drained, fertile hillside soil. The region’s large temperature variation between day and night enhances the fruit's nutrient absorption. The local cultivation techniques also contribute to its uniqueness
The provincial business association recently convened a conference to review its 2024 operations and outline plans for 2025. The meeting was attended by Standing Deputy Secretary of the provincial Party Committee and Chairman of the provincial People’s Committee Bui Duc Hinh along with leaders from various departments and agencies.
Hoa Binh province is prioritising rural transportation infrastructure to improve mobility, facilitate trade, and boost socio-economic development.
The Minister of Agriculture and Rural Development has just issued Decision No. 377/QD-BNN-VPĐP approving the results of the evaluation and classification of the products of the National One Commune One Product Program in 2024 (phase 3).
As the Lunar New Year (Tet) approaches, the market becomes more vibrant than ever. In Hoa Binh province, preparations for Tet have been bustling since the 20th of the last lunar month, with an abundant supply of goods to meet the growing consumer demand.
