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The dark time is over, worry about economic recovery

Step through the dark times

In the preliminary report sent to the Prime Minister on the implementation of Resolution 105/NQ-CP to support enterprises, cooperatives and business households in the context of the Covid-19 epidemic, the Ministry of Planning and Investment said: The policies and solutions specified in this document are highly appreciated by the domestic and foreign business community, are timely and hit the outstanding problems that businesses face.

According to a survey by the Vietnam Confederation of Trade and Industry (VCCI), 91.5% of surveyed enterprises knew about Resolution 105; 81% of enterprises said this policy is timely; 89% of enterprises found the goals of the Resolution to be appropriate; 81.4% said that the solutions will help businesses, cooperatives and business households effectively remove difficulties and obstacles.

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Airports are crowded again. Photo: Luong Bang

Immediately after Resolution No. 105/NQ-CP was issued, a series of policies and solutions were urgently issued and implemented, creating a positive motivation for production and business activities.

Typically, most businesses, cooperatives and business households that have temporarily suspended their business due to the implementation of regulations on epidemic prevention have resumed operations; the situation of broken production chain was also promptly overcome; The cost burden is removed significantly through policies reduce electricity billreducing electricity prices, supporting telecommunications services, reducing corporate income tax, reducing value added tax …

In addition, cash flow difficulties were also promptly removed thanks to the application of the policy of restructuring debt repayment terms, interest exemption and reduction, and keeping the debt group unchanged until June 30, 2022. The lending interest rate has decreased by a total of about 1.55%/year compared to before the epidemic. It is estimated that by the end of 2021, the total number of supported customers will be more than 1.1 million, with the total interest of credit institutions exempting, reducing and lowering interest rates is about 26 trillion VND, exceeding the target of the proposed Resolution. out.

According to the Ministry of Planning and Investment, in the first quarter of 2022, the number of newly established enterprises was 34,590 units, an increase of 18.1% and the number of enterprises returning to operation was 25,588 enterprises, an increase of 73.6% over the same period last year. year 2021.

“This is also the highest number of enterprises re-entering the market in the first quarter ever, 2.1 times higher than the average number of enterprises returning to operation in the first quarter of the period 2017-2021”, the Ministry of Planning and Investment said. statistics.

The above impressive numbers partly show that the confidence of the business community has gradually returned after two years of the outbreak of the Covid-19 epidemic.

The right policy, the implementation must be fast

However, the Ministry of Planning and Investment assessed that the progress in implementing a number of tasks and solutions in Resolution 105 was still slow, such as researching and proposing to reduce trade union fees, support to attract returning workers. working, supporting the costs of epidemic prevention and control of enterprises, disbursing loans that have not met the plan to set out a loan package to support wages for employees.

In addition, the processes and procedures related to the medical field are complicated and heavy on paperwork. For example, when the epidemic broke out in Hanoi at the end of February-early March, there was a situation where workers and people had to wait in long lines at grassroots medical stations to ask for confirmation of infection or recovery from Covid-19. to enjoy the insurance regimes, while at the grassroots medical stations, the application of information technology in management of F0 is limited and lacks personnel.

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Tourism activities have restarted. Photo: Luong Bang

The Ministry of Planning and Investment also said that some localities are still rigid and not flexible in creating conditions for businesses to resume production and business activities, and have not taken measures to prevent and control the epidemic in the spirit of epidemic prevention and control. direction of the Government.

Pointing out lessons learned, the Ministry said that first of all, support policies need to be developed and issued at the right time and hit businesses’ problems. Therefore, the drastic participation of all levels and branches is very important.

Second, the effective implementation of policies and solutions depends not only on the policy content but also on the implementation process. The policy is correct, but the implementation is confusing and delayed, which will reduce the effectiveness of the policy.

Entering April 2022, although the number of infections Covid-19 is decreasing, but the Ministry of Planning and Investment notes “not to be subjective” to prevent complicated developments with the appearance of new strains.

In the world, the unstable political situation in Ukraine is forecasted to have negative impacts on Vietnam’s economy, when the price of crude oil as well as the price of finished petroleum products increases sharply. The fact that the world oil price is still on the rise will increase the price of imported materials as well as have a great impact on businesses, especially in the transportation sector, and manufacturing enterprises that use gasoline and oil as input fuels. . In addition, an increase in gasoline prices will lead to an increase in commodity prices, putting pressure on inflation. These factors are having a great influence on the performance of businesses.

Currently, businesses continue to reflect that there are still some outstanding difficulties that need the Government’s support to remove, such as: Pressure to increase wages to attract and retain workers; Lack of capital for production and business activities; Prices of raw materials, gasoline increased; Some markets have been hit hard by the political turmoil between Russia and Ukraine.

Therefore, continuing to promote the effective implementation of Resolution No. 105/NQ CP and policies to support enterprises, cooperatives, and business households. rehibilitate is very important.

The Ministry of Planning and Investment proposes to the Government and the Prime Minister to consider and direct the leaders of ministries, branches and People’s Committees of provinces and central cities to proactively review and promptly and effectively perform the assigned tasks. progress and regularly inspect, urge and supervise the implementation of Resolution 105; study and apply lessons learned from the implementation of the Resolution to improve the effectiveness of support policies.

“I request the Vietnam General Confederation of Labor to soon complete the impact assessment, propose practical solutions to support employees, share and accompany businesses and cooperatives to overcome difficulties caused by the Covid-19 epidemic. -19.

The Ministry of Finance and the Ministry of Industry and Trade continue to firmly grasp the world situation on petroleum products to promptly advise on appropriate response plans; strengthen inspection, evaluation, and overall operation to ensure the necessary supply and reserve of petroleum to meet production and development needs in all situations.

Luong Bang

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By all measures to maintain macro stability, ensure major balances, drastically promote rapid recovery and sustainable development.

On April 4, Prime Minister Pham Minh Chinh chaired the regular Government meeting in March 2022.

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