(VOVWORLD) - The Vietnamese government adopted two Resolutions on socio-economic development early this year. The primary goal of Resolution 2 is to help people and businesses resume production and trade while flexibly and safely adapting to the pandemic. The National Assembly has approved a Resolution on monetary and fiscal policy worth approximately 15.4 billion USD for the national socio-economic recovery and development plan for 2022-2023. The business community believes these the economic recovery plans and policies are on the right track.
 Tran Viet Anh, Deputy Director of Ho Chi Minh City’s Business Association and General Director of the Nam Thai Son Export and Import Company (photo: VCCI) |
The business community appreciates the Government and National Assembly’s socio-economic recovery programs and policies to boost production, generate jobs, stimulate growth, stabilize the macro-economy, and ensure middle- and long-term balance.
Tran Viet Anh, Deputy Director of Ho Chi Minh City’s Business Association and General Director of the Nam Thai Son Export and Import Company, said the government’s support programs are comprehensive and timely. The issue now is implementing them as effectively as possible.
“The Government has carried out a number of timely support policies. It’s important to build consensus at all levels and benefit the right people. Businesses need more than financial support. They need incentives to help their business run smoothly.”
With the economy still reeling from the COVID-19 pandemic, businesses see economic recovery programs as a necessary stimulus for economic growth.
Vuong Trong Tuan, Deputy Director of Hanoi Confectionary Company, says the Government and the National Assembly’s socio-economic recovery package will reboot production and accelerate the economy. A 2% VAT reduction will also help businesses.
Mr. Tuan said: “The government has urged every sector and locality to implement support programs and accelerate the economy. I hope businesses can get the incentive loans and low interest rates they need to resume production.”
Economists say high vaccination rates and the new pandemic strategy of flexible, safe, adaptation will benefit economic recovery and development programs. Businesses should grasp the opportunities offered by the support programs.
Pham Tan Cong, President of the Vietnam Trade and Industry Federation, said: “If businesses can grasp opportunities, correctly forecast global supply and demand, and identify Vietnam’s role in the global value chain, we have a chance to prosper. I believe there are more opportunities than challenges this year. Businesses can build a foundation to realize their development ambitions. With a spirit of unity and innovation, Vietnamese businesses have a chance to surmount their difficulties and achieve their goals this year.”