(Illustrative photo)

Economists predict a number of difficulties for the national economy and businesses expect that the government will continue to implement macro-policies to support sustainable development.

Tran Thi Thu Hien, Deputy General Director of the Tan Viet Hung Thu đo Company, said: “It’s difficult to access capital resources to expand production due to high interest rates and difficult loan procedures. We expect appropriate policies and incentives for business.”  

Nguyen Thi Bich Hue, Director of Vinh Tien Company, proposed: “For businesses, the most important conditions for sustainable development are macro-policy, human resources, and capital. We need stable macro-policy and financial and fiscal policy so we can concentrate on promoting our internal strength.”

The government has mapped out scenarios since the beginning of the year. The government’s resolution issued last month on socio-economic development and business environment improvement specifies tasks and solutions for each economic sector. Fiscal policy is an important tool to boost economic recovery. The Ministry of Finance has plans to keep the macro-economy stable, ensure the major balances of the economy, curb inflation, and support production.

Minister of Finance Ho Duc Phuc (Photo: MOF)

Minister of Finance Ho Duc Phuc said: “We have asked the government to defer or extend the tax payment time as we did last year. The government has agreed to reduce land rent by 3% and reduce the environmental tax on petrol and other fees to ease the burden on businesses. This year we’ll focus on disbursement of public investment and resolve legal and cash flow difficulties to boost business growth.”