Thanh Hoa enterprises propose to remove difficulties in production and help business access to capital

DNHN - On the morning of March 21, the Thanh Hoa Business Association, in collaboration with the State Bank of Thanh Hoa branch, hosted a conference aimed at removing obstacles to the production, business, and credit access

Representatives of leaders of the State Bank of Thanh Hoa branch, leaders of credit institutions in the province, leaders of associations, business associations of districts, towns, cities, etc. industries, and members of the Standing Committee, Standing Board, and Executive Committee of the Provincial Business Association were in attendance at the conference.

At the conference, businesses shared and recommended several difficulties and problems related to the situation of the commodity supply and demand market, access to capital in some areas due to strict appraisal procedures, especially in areas such as real estate and tourism; the application of new regulations on fire prevention and fighting caused many businesses not to have time to adapt and problems on the way to overcoming them; raw materials for construction and transportation; and raw materials for the production of biofuels.

Mr. Cao Tien Doan, Chairman of the Thanh Hoa Business Association, highlighted at the opening of the conference: "To inform the Provincial People's Committee of the community's difficulties, problems, and recommendations. On March 31, 2023, I would like to request that the delegates focus on speaking, giving candid opinions, and elaborating on the flaws and limitations, particularly those in the production process ".

Representing the city's business community. Sam Son, Chairman of the City Business Association Cao Thien Tam. Sam Son suggested that the continuous change in the banking industry's credit policy has caused significant difficulties for businesses, particularly tourism-related businesses. Therefore, Mr. Tam proposed that the banking industry reduce interest rates for businesses, valuing real estate and land assets close to their actual market value when conducting business. Cao Thien Tam also suggested that the People's Committee of Thanh Hoa province evaluate and eliminate obstacles in fire prevention and fighting for businesses so that Sam Son tourism businesses in particular and Thanh Hoa businesses in general can prepare for the upcoming tourist season.

Mr. Ho Huu Thiet, chairman of the Thanh Hoa Association of Automobile and Taxi Transport, proposed to the banking industry that interest rates be reduced so that taxi transport enterprises, in particular, and Internet-based businesses in Thanh Hoa province, in general, could reduce costs and increase their competitiveness. In addition, Thanh Hoa province's management of the operation of numerous taxis in the province has had a significant impact on business and commercial activities.

Regarding fire prevention and fighting, Mr. Tran Van Truong of the Business Association of Tay Bac Ga Industrial Park, City of Thanh Hoa, proposed that the People's Committee of Thanh Hoa province and relevant agencies examine and eliminate obstacles for businesses. Many issues with fire prevention and suppression have delayed the implementation of production and business operations in recent years. Due to problems with fire prevention and fighting, numerous businesses have been forced to alter their production and business scale, or even cease operations.

Mr. Tong Van Anh, Director of the State Bank - Thanh Hoa Branch, addressed businesses at the conference regarding banking industry policies and mechanisms for businesses.

As a result, the branch swiftly implemented the Central Bank's decision on interest rate management by market developments to stabilize the money market, control inflation, and promote sustainable growth. establishing conditions that reduce expenses for businesses and individuals. The annual cap on short-term lending rates in VND for priority development areas is 1%-2% lower than for normal production and business sectors.

In 2022 and 2023, the State Bank branch has instructed credit institutions to enhance credit quality and facilitate access to credit capital for businesses and individuals. Specifically: Actively investigate Research and develop loan programs with reasonable interest rates, diversify credit products and banking services, innovate the lending process, streamline loan procedures, and enhance creditworthiness. Appraisal to shorten the processing time of documents, and create conditions for enterprises to gain access to capital for business growth while maintaining loan safety...

Promote the program to connect banks, businesses, and people in the province of Thanh Hoa, remove obstacles for businesses, and guide and encourage eligible businesses to take advantage of the bank's preferential policies. Government. Organize an online conference to implement the 2% interest rate support program from the state budget of VND 40,000 billion by each commercial banking system to bring businesses closer to the bank, creating favorable conditions for small businesses, and granting them access to bank credit capital by the law.

During the conference, the leaders of the Thanh Hoa Provincial Business Association, VCCI Thanh Hoa, and State Bank - Thanh Hoa Branch shared, absorbed, and explained several relevant contents under their authority, while also synthesizing recommendations and proposals of businesses and industries to be presented at the 2023 Business Meeting Conference organized by the Provincial People's Committee.

As an early and effective association, the Thanh Hoa Business Association has performed exceptionally well in representing and safeguarding the legitimate rights and interests of businesses.

In 2022, the Association will collaborate with VCCI Thanh Hoa to survey and collect the opinions of businesses to evaluate the competitiveness of provincial departments, agencies, and People's Committees of districts, cities, and towns (DDCI). The results of the survey provide provincial leaders with a significant foundation for identifying bottlenecks in departments, departments, branches, and localities and proposing solutions to improve the quality of administrative procedures, significantly enhance the business investment environment, and create favorable conditions for the development of enterprises.

Also in 2022, the Business Association of Thanh Hoa province provided feedback on approximately 50 documents about draft socioeconomic development projects and programs of the central government and the province. The advice and recommendations of the Association, based on the actual production and business activities of enterprises, serve as an important basis for authorities at all levels to absorb, adjust, amend, and supplement the legal system and promulgate mechanisms and policies conducive to socio-economic development.

Minh Hien