Newly registered enterprises in Tra Vinh increase hinh anh 1There are 2,607 operating businesses in the Mekong Delta province of Tra Vinh with total registered capital of 33,206 billion VND. (Photo: VNS)

Tra Vinh (VNA) - Despite the COVID-19 pandemic, the number of newly registered enterprises in the Mekong Delta province of Tra Vinh has risen this year compared to the same period last year.

About 126 enterprises have registered since the beginning of the year with total registered capital of 1,591 billion VND (67.7 million USD). Compared to the same period last year, the number of new enterprises rose by 12, while registered capital increased by nearly four times, according to the provincial People Committee.

Chairman of the provincial People Committee Dong Van Lam has promoted tax policies and credit support for companies affected by the pandemic.

Specifically, banks and credit institutions in the province have reduced lending interest rates in maximum in some priority areas, he said.

According to the State Bank of Vietnam branch based in Tra Vinh, the province has more than 500 customers with debts totally worth over 650 billion VND having repayment terms restructured. A 0.5 percent reduction in the interest rates is applied to bank debts, while the interest rate of credit institution debts are cut by 1 percent.

About 1,700 businesses and 2,000 business households have received a five-month extension for tax payments.

In addition to the tax payment extension, 130 enterprises have received a five-month extension on land rental payments.

The management board of the Small and Medium-sized Enterprise Development Project of Tra Vinh Province (SMEs Tra Vinh) has given non-refundable support of more than 1.86 billion VND to small and medium-sized enterprises.

The financial support will focus on investment for technological innovation and the use of solar power to increase production capacity and product quality, and to reduce costs to improve competitive capacity, according to SMEs Tra Vinh./.