Consecutive meetings to resolve difficulties for businesses

A week full of work between the Government, ministries, sectors, localities, the Prime Minister 's working groups and businesses in many sectors and fields. A series of problems and difficulties of businesses continue to be put on the table.

As usual, investors and businesses continue to look forward to the determination of the head of the Government to resolve difficulties in production and business to promote growth, when "difficulty" is still the word mentioned a lot in the first two months of 2024.

However, there are also many doubts and concerns when many businesses have to repeat the recommendations and proposals that have been made, even the subject of many working sessions, as well as the previous directives and documents of the Government and the Prime Minister.

These are the long-standing problems in legal regulations and procedures, making banks tired of looking for borrowers while the 120,000 billion VND package for social housing projects, worker housing, and apartment renovation and reconstruction projects has only disbursed more than 500 billion VND.

Or the problems in the process and procedures related to investment and construction still constrain hundreds of real estate projects that are delayed and stuck nationwide, despite the involvement of the Prime Minister's Working Group, ministries, branches and localities... In particular, the difficulties in accessing credit capital still emerge as one of the biggest concerns of businesses, even though interest rates are at attractive levels and money in banks is abundant...

There have been proposals to loosen credit access conditions for a number of projects that are assessed to have potential and effectiveness, but businesses and investors do not meet financial capacity and collateral requirements. Along with that, there are proposals to relieve cash flow pressure for businesses through implementing solutions set forth by the Government, such as removing difficulties in administrative procedures related to value-added tax refunds; reviewing and cutting some unreasonable costs compared to business practices such as animal quarantine costs, recycling cost norms, warehousing costs, etc.; researching policies to reduce the rate of trade union contributions from 2% to 1%, etc.

Of course, it is impossible not to mention the external difficulties that businesses have to face, such as geopolitical instability, disruptions in the international trade chain, the slow recovery of many export markets, changes in consumers as well as higher requirements for sustainable development in many markets... But, according to businesses, these are difficulties that have been anticipated in the business scenarios this year, even in the next few years of the business, and are things that businesses must solve themselves.

This means that bottlenecks and legal barriers are the most unpredictable variables, hindering business problems and recovery plans of many enterprises; but they will also be the key to creating opportunities for change if resolved and handled promptly and appropriately.

It must also be mentioned that in many business surveys conducted earlier this year, in the group of top difficulties of businesses, difficulties in carrying out administrative procedures, meeting many requirements of legal regulations or concerns about criminalizing economic relations... are always present and ranked on par with difficulties in orders, cash flow, and access to credit. In the recommendations of businesses, the top wish is still to focus on immediately resolving the difficulties that businesses have clearly stated.

Perhaps, this is also what businesses continue to convey in their meetings with the Government, ministries, branches and localities.

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