Illustrative image (Source: VNA) Nguyen Xuan Phu,Chairman of Sunhouse Group, said that like many other large-scale firms,Sunhouse hopes to receive support in policy rather than financial assistance.
The countrycurrently has about 500 large-scale enterprises that contribute 60-70 percentto the State budget, making it impossible to provide a common support packagefor all of them, noted Phu, stressing that support in policy will be much moreeffective.
Businesses need a smoother mechanism and simplier administrative procedures so that they can focus on production, as COVID-19 hascreated development opportunities for many firms, said Phu.
Meanwhile, Than Duc Viet, General Director of May 10,another big-sized enterprise, said that the current support package has yet tobe able to help businesses overcome difficulties although many areas areeying opportunities to rise due to recovering demand in the world market.
Viet said that in 2020, May 10 and other firms in the garment-textilesector faced difficulties in both input and sale, in 2021, the situation haschanged completely with abundant orders.
About 90 percent of the company’s products are exported to theUS, the EU and Japan with orders enough for production until the end of thisyear, but without favourable mechanisms and policies to help businesses toattract labourers and protect them against COVID-19, the firms can hardlycomplete their orders.
Although the number of COVID-19 cases has exceeded 12,500,Vietnam has still been considered one of the most successful countries inthe world in pandemic control.
Nguyen Duc Kien, head of the Prime Minister’s economicadvisory team, said that Vietnamese firms are eying great opportunities to winthe world market when other large suppliers such as India, Bangladesh andMyanmar are struggling with the pandemic.
The current fiscal, monetary and social security support hasbeen no longer suitable to large-scale firms, he held, adding that it isnecessary to design another support package – support in policy.
Kien added that the current time is also a great chance forVietnam to increase foreign direct investment (FDI) attraction. Along with theeffective control of the pandemic, it is crucial to design new and strongersupport policies to promote economic growth and complete the target of at least6.5 percent GDP growth this year and following years, stressed Kien.
Deputy Minister of Planning and Investment Tran Quoc Phuongsaid that the pandemic has changed the mindset of many big and strategicinvestors on the formation of a production hub to diversify supply chains anddistributing the supply chains in the globe, including in Vietnam.
According to Phuong, the support package for FDI companies cannot bethe same as those for small and medium-sized enterprises, but it is necessary togive breakthrough policies and mechanisms.
“We should not organise traditional roadshows or tradepromotion events in other countries. So how we can persuade investors to pour a large amount of capital into Vietnam without having to visit the country? To doso, we must give another support package with assistance in policy andmechanism,” stated Phuong./.
Viet said that in 2020, May 10 and other firms in the garment-textilesector faced difficulties in both input and sale, in 2021, the situation haschanged completely with abundant orders.
About 90 percent of the company’s products are exported to theUS, the EU and Japan with orders enough for production until the end of thisyear, but without favourable mechanisms and policies to help businesses toattract labourers and protect them against COVID-19, the firms can hardlycomplete their orders.
Although the number of COVID-19 cases has exceeded 12,500,Vietnam has still been considered one of the most successful countries inthe world in pandemic control.
Nguyen Duc Kien, head of the Prime Minister’s economicadvisory team, said that Vietnamese firms are eying great opportunities to winthe world market when other large suppliers such as India, Bangladesh andMyanmar are struggling with the pandemic.
The current fiscal, monetary and social security support hasbeen no longer suitable to large-scale firms, he held, adding that it isnecessary to design another support package – support in policy.
Kien added that the current time is also a great chance forVietnam to increase foreign direct investment (FDI) attraction. Along with theeffective control of the pandemic, it is crucial to design new and strongersupport policies to promote economic growth and complete the target of at least6.5 percent GDP growth this year and following years, stressed Kien.
Deputy Minister of Planning and Investment Tran Quoc Phuongsaid that the pandemic has changed the mindset of many big and strategicinvestors on the formation of a production hub to diversify supply chains anddistributing the supply chains in the globe, including in Vietnam.
According to Phuong, the support package for FDI companies cannot bethe same as those for small and medium-sized enterprises, but it is necessary togive breakthrough policies and mechanisms.
“We should not organise traditional roadshows or tradepromotion events in other countries. So how we can persuade investors to pour a large amount of capital into Vietnam without having to visit the country? To doso, we must give another support package with assistance in policy andmechanism,” stated Phuong./.
VNA
