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Hanoi seeks ways to help pandemic-affected firms solve difficulties

The Party Committee and People’s Committee of Hanoi on November 6 held a dialogue to seek ways to solve difficulties for enterprises in the context of the COVID-19 pandemic, and put forward solutions to the capital city's economic development and recovery.

Secretary of the municipal Party Committee Dinh Tien Dung affirmed that the city always considers businesses the core and pioneering force in economic development, and an important force for the successful implementation of socio-economic development goals.

The city has been focusing on promoting administrative procedure reform, improving the business and investment environment, removing difficulties and problems, solving bottlenecks and inadequacies in terms of mechanisms, policies, and administrative procedures to promote businesses’ rapid and sustainable development, stated Dung.

Determining the “health” of businesses is the “health” of the economy, municipal authorities have tried their best in order to implement synchronous measures to effectively control the pandemic at the earliest and fastest.

Mac Quoc Anh, Vice President and General Secretary of Hanoi Association of Small and Medium Enterprises, appreciated the Government’s and the city’s support policies for pandemic-affected enterprises.

However, he said that too many conditions attached have hindered enterprises from accessing these policies.

Most businesses expect the Government and the city to continue to have solutions on land rent and corporate income tax exemption and reduction in 2021 to maintain business operations, have preferential rental rates, and practical support programmes for enterprises in trade villages to attract them to put their production plants in industrial clusters and industrial parks.

Representatives from businesses have recommended ministries and sectors to integrate utility services in processing administrative procedures to help businesses reduce time and costs and create a favourable business environment for start-ups.

Le Vinh Son, Chairman of the Hanoi Association of Main Industrial Products (HAMI), proposed Hanoi have more drastic measures in trade promotion, brand popularisation, and export market expansion and bring into full play the opportunities brought by new-generation free trade agreements that Vietnam has joined.

Hanoi is home to over 201,000 enterprises, ranking second and accounting for 23.7 percent of the total number of firms operating in Vietnam. They have helped the capital city contribute 16 percent of GDP, 18.5 percent of budget collection and 8.6 percent of total import-export value of the country./.