Traffic in HCM City (Photo: VNA) HCMCity (VNA) - Authorities in HCM City have launched aid packages tohelp local businesses, especially small- and medium- sized enterprises (SMEs), maintaintheir operations.
Themunicipal People’s Committee has called on companies to register for taxpayment extensions and tax adjustments for household businesses that have alreadysuspended operations.
Itis also reviewing and assessing the impact of COVID-19 on tourism businesses toput forward suitable solutions, and will devise recovery scenarios once thepandemic is brought under control.
Localauthorities have called for assistance from major businesses for SMEs and introducedmeasures to promote digital transformation, the digital economy, online publicservices, cashless payments, and e-commerce. They also pledged to createfavourable conditions for companies to access capital.
Asof the end of June, the HCM City Tax Department had handled 684 value-added taxprocedures for businesses and provided refunds of over 4.5 trillion VND (193.94million USD).
Anestimated 2,000 companies in the city with 136,730 employees have ceased operations,and close to 2,450 others filed documents seeking aid. Around 255,900 local companiesand 43,780 individuals have been given tax and land lease payment extensions.
Meanwhile,commercial banks had helped some 230,000 customers with loans totalling 384.61trillion VND as of early July.
TheHCM City Power Corporation (EVN HCMC), meanwhile, has provided customers withsupport of about 1.7 billion VND in the last three months./.
