HCM City export businesses gradually return to normal

Export companies in Ho Chi Minh City are recovering well following the lifting of COVID-19 restrictions as workers from other provinces gradually return to work.

According to the HCM City Export Processing Zone and Industrial Park Authority, nearly 216,000 out of 288,000 workers at industrial parks and export processing zones have returned to work, and many of the companies are operating at 95 percent capacity.

Companies in labour-intensive sectors such as textile and garment and footwear are now basically back to normal.

In order to help export companies to speed operation, government financial support and simplification of procedures are in need.

The HCM City Department of Industry and Trade said it would offer a credit support package worth 70 trillion VND (over 3 billion USD) this year to help businesses access preferential loans and resume production.

Echoing the trend, the HCM City branch of the State Bank of Vietnam confirmed that banks would provide credit to businesses at supportive interest rates this quarter./.

VNA