Illustrative image (Photo: VNA) Dong Nai (VNA) – Many economic sectors in thesouthern province of Dong Nai, including major industries, are expected to facea range of difficulties due to the impact of COVID-19, especially in ensuringsupplies of production materials.
The municipal Department of Industry and Trade has proposed theMinistry of Industry and Trade provide information about sources of foreignmaterials, mainly for garment-textile, weaving, electronics and mechanics, asimports of materials from China and the Republic of Korea (RoK) are forecast tobe affected by the virus.
Local leaders have also recommended tax and customs agenciesto postpone periodic inspections on businesses with no signals of violations in2020 to enable them to better deal with operational challenges, and halt socialinsurance collections from coronavirus-hit firms until the end of June orDecember.
Cao Tien Dung, Chairman of the provincial People’s Committee,urged departments, agencies and localities to cut unnecessary administrative proceduresand help enterprises remove difficulties.
The State Bank of Vietnam’s provincial branch said it hadordered credit institutions to roll out support measures for businesses in thelocality.
According to the provincial Department of Industry and Trade,the import turnover of enterprises in Dong Nai stood at 2.1 billion USD in thefirst two months of this year, down 9 percent year-on-year.
Major industries, comprising garment-textile; leather andfootwear; mechanics-manufacturing; chemicals-rubber-plastics; andelectricity-electronics, mainly rely on materials from China and the RoK.
Apart from difficulties in material supplies, businesses haveexperienced declines in output and revenue, and increases in labour costs./.
VNA
