The interest rate reduction, bank debt rescheduling and many synchronous solutions of the Government and line ministries have been helping textile enterprises to overcome difficulties in the context that the COVID-19 epidemic is still complicated. magazine.
Mr. Pham Xuan Hong, President of Ho Chi Minh City Association of Textile and Embroidery Ho Chi Minh (AGTEK) said so when talking to reporters Industry and Trade newspaper on the current operation and production of textile export enterprises in the city. Ho Chi Minh.
According to Mr. Hong, since the Government and ministries have fiercely introduced and issued timely policies to ease difficulties for businesses in the context that the textile and garment industry has run out of supply and lack of production capital, it has partly helped businesses. overcome the "pole".
Specifically, according to AGTEK, capital of many textile and garment enterprises under AGTEK has been reviewed by commercial banks, assessed the impact of the COVID-19 epidemic on its operation and proposed flexible and specific policies. DN. The interest rate reduction is from 0.5 to 1.5% / year. The interest rate reduction helps businesses' capital flows be circulated smoothly, supporting businesses in time to access new sources of raw materials outside China.
Regarding tax reduction and social insurance, although there are no complete statistics, according to Mr. Hong, the Ministry of Finance and the Ministry of Labor, War Invalids and Social Affairs have issued instructions to localities. to review, localize and assess the impact of disease on the directly affected businesses. This makes enterprises somewhat more assured in production.
For exports, enterprises are also actively supported by the Ministry of Industry and Trade to promote trade in seeking and expanding new markets as well as accessing markets for which Vietnam has a Free Trade Agreement.
It is known that before the source of raw materials is exhausting, many businesses have had to cut lines, let workers quit working as well as find materials from new markets to replace but still not all hard. Therefore, AGTEK has sent a document to the Prime Minister, the Ministry of Finance, the Ministry of Labor, War Invalids and Social Affairs and the City People's Committee. Ho Chi Minh City to propose removing difficulties for businesses that are negatively affected by COVID-19 epidemic.
In the petition sent, AGTEK analyzed that the current COVID-19 epidemic evolved complicatedly, causing delays in the economies of many countries, including Vietnam. Among the industries directly affected by the COVID-19 epidemic, textiles and clothing are facing the most concerns because up to 70% of textile materials imported from China. The reason, the COVID-19 epidemic has caused many factories in China to stop operating, leading to the risk of serious shortage of raw materials, causing many orders that Vietnamese enterprises have to deliver to customers are delayed. From there, AGTEK proposed that the State Bank should immediately study a number of credit policy packages, exemption and reduction of loan interest rates, debt freezing, debt rescheduling, easing payment terms, reducing loan interest rates, restructuring. loans, adjusting terms to support businesses; The Ministry of Finance should have solutions to balance budget revenues and expenditures, and tax policies to support small and medium enterprises; Vietnam Social Insurance needs to study relevant legal documents and report to the Ministry of Labor, War Invalids and Social Affairs to issue policies on exemption from social insurance and trade union fees during enterprises' interruption. production and workers waiting for work.
Particularly towards the city. In Ho Chi Minh City, AGTEK proposed adding a list of textile and apparel industries to the stimulus program to support businesses to overcome difficulties and maintain the city's economic growth.
By the end of February 2020, textile export of garment and textile exporting enterprises TP. Ho Chi Minh City only reached 773 million USD, down 10.8% over the same period. The sharp decline in exports was reflected by businesses due to the impact of the COVID-19 epidemic, resulting in an interruption in the supply of raw materials, many businesses did not have enough production materials and timely delivered to partners. The enterprises also forecast that in the coming months, the export will probably decrease even more because many enterprises have not yet been able to find a suitable new supply of raw materials (if any, the price of the team is up to 15% compared to the present) and demand. The market is likely to decline as the disease continues to increase in many countries.
https://vinatex.com.vn/doanh-nghiep-det-may-duoc-tiep-suc-vuot-bao-covid-19/
Source: vinatex.com.vn
