Continue to support and develop businesses

Strengthen support for businesses to promote trade and expand markets.

Mr. Luong Trong Nghia - Deputy Director of the Department of Planning and Investment said that the province identified improving the investment and business environment, attracting investment, supporting and developing enterprises as one of the important goals in implementing socio -economic development tasks and goals.

According to Mr. Luong Trong Nghia, in addition to the mechanisms and policies that have been issued and are being implemented, the Central and local governments have issued a number of mechanisms and policies to support businesses in production and business activities.

For Vinh Long province, in 2023, the Provincial People's Council issued Resolution No. 01 dated March 23, 2023 amending and supplementing a number of articles of the province's investment support policy issued together with Resolution No. 97 dated February 1, 2018 of the Provincial People's Council.

Accordingly, the contents of 11 investment support policies include: support for investment preparation costs; support for construction costs of wastewater treatment plants that meet standards; credit support; support for investment in traffic infrastructure for projects outside industrial parks and clusters; support for investment in high-tech agricultural zones and regions; support and investment for investment projects in high-tech agriculture; development of concentrated raw material areas for the vegetable, root and fruit processing industry; support for human resource training; support for advertising costs; support for investment promotion costs; support for enterprises investing in new projects with technology transfer; support for investment attraction costs.

According to Mr. Luong Trong Nghia, the province always listens to opinions, proposals, recommendations or suggestions from associations, businessmen and the business community for economic development, improving the investment and business environment, attracting investment and developing enterprises.

The province has newly issued investment policies/investment registration certificates for 4 projects; expanded investment projects; established 76 new enterprises, with registered capital of VND 1,965.9 billion (6.5 times higher than in 2023). Developed 2 new cooperatives; districts, towns and cities have reviewed and selected 17 projects of 14 agricultural cooperatives to support investment in infrastructure and product processing, with a support capital of about VND 19 billion.

Ms. Le Truc My - Director of My Ty Mai Company Limited, Chairwoman of Vinh Long City Business Association said that in the past year, businesses have received attention in trade promotion activities. My Ty Mai Company was able to join the Vinh Long province delegation to India. Through the trip, there were opportunities to meet, connect and cooperate with Indian companies. Recently, the company imported dozens of tons of peanuts from India, helping to reduce input material costs.

With many difficulties in 2024, Ms. Le Truc My suggested that the province continue to improve the legal framework, reform administrative procedures and financial policies towards creating an equal, transparent, stable and open investment and business environment for enterprises. In addition, there are policies to reduce, postpone or extend tax debts for enterprises using many workers; create favorable conditions for enterprises to access loans, extend debts and reduce interest rates.

In particular, the province hopes to organize many promotional activities for businesses to have the opportunity to participate, opening up production and business opportunities; continue to organize dialogue conferences with businesses to promptly remove difficulties...

Mr. Nguyen Tuong Nam - Chairman of the Provincial Business Association said that the association will further promote its role as an effective bridge between the government and businesses, creating a favorable business environment, contributing to creating room for economic growth. In addition, the association's organizational structure will be built in accordance with the requirements of the tasks to promote operational efficiency, practical and in-depth program content, serving businesses, developing the business community and contributing to the sustainable economic development of Vinh Long.

Enterprises hope the province will organize many promotional activities to open up opportunities for connection and cooperation.

In particular, strengthening links with relevant agencies and organizations to support businesses in promoting trade and investment cooperation domestically and internationally. In addition, building an effective business information channel for businesses, supporting the introduction and promotion of products and services.

Along with that, support enterprises to overcome difficulties in production and business, access support policies of the Central and local governments, access capital sources; support to improve leadership and management capacity, application of science and technology, e-commerce, digital transformation in enterprises. In particular, promote improvement of the business environment, reform of administrative procedures; timely and easy-to-access support policies for enterprises; effectively exploit local resources.

Mr. Dang Van Chinh - Standing Vice Chairman of the Provincial People's Committee hopes that business associations, as a bridge between the government and the business community, will frankly assess and point out the areas that the province has done well and has not done well; make recommendations and propose solutions in the coming time. He emphasized: "The provincial leaders will always listen, from which they will propose correct, practical policies that will come into practice and accompany the business community."

In the first quarter of 2024, many trading activities, connecting supply and demand of goods, promoting trade, and stimulating consumption were effectively organized by the province. In particular, the province successfully organized conferences of important significance in investment promotion such as: investment, trade and tourism promotion conferences with the Indian business delegation; conference to announce the provincial planning, introduce potential and promote investment in agriculture, trade and tourism. Specific tasks and solutions for economic recovery continued to be implemented; tax exemption, reduction, extension, credit support, labor market connection... were implemented promptly, promoting production and business activities of enterprises. In addition, dialogues were organized to remove difficulties for enterprises and investors, especially in the land sector.

Article and photos: SONG HAU

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