Activities

25 000 billion corporate rescue: Large but won?

Friday, 04/05/2012, 14:10 GMT+7

(AP) - The economic experts for comments, in the context of high inventories, can assist businesses in input costs through suffering losses electricity price increase, gasoline. At the same time, it aimed at the business strategy, potential.

Ministry of Finance proposed a total solution package to remove difficulties for enterprises which plan to focus on enterprise income tax reduction and extension of value added tax.

The value of this package as the amount of solution into about 25,000 billion.

Specifically, as proposed by the Ministry, will be reduced 30% enterprise income tax in 2012 and to extend value-added tax for three months in April, 5, 6 in six months with small and medium businesses and enterprises use labor intensive in some areas.


Doanh TS: When the business was "clinically dead" is even the rescheduling tax also does not solve the problem (photo M).

Besides, the Ministry also proposed a 50% reduction of land rent for the business tourism sector, services and trade. Extension of corporate income tax up to two months for businesses of financial difficulties. As for the inn business households shall be exempt industrial value-added tax.

Clearly, in the current context, although the "rescue" business is a pressing task of fact set out to be solved.

The difficulties of the business last time the index has led GDP growth slowed in the first quarter, reaching the lowest level of 4% for years. This affects the GDP growth target at 6 to 6.5% a year is hardly feasible. Therefore, in the economic debate social - National Assembly Standing Committee session last 7th, GDP growth target as well as problem solving difficulties for businesses has been launched to discuss, discuss pretty thoroughly.

Many people impatient for that country's economy was showing signs of recession, even refers to GDP adjusted target. National Assembly Chairman Nguyen Sinh Hung said: "We said macroeconomic stability, social security, but must ensure growth, no growth is not doing anything."

Meanwhile, according to Minister of Planning and Investment Bui Quang Vinh, in the middle of May, the Ministry will announce clearly the actual state of the business community. Since it will offer more specific solutions to overcome current difficulties.


Dr. Vu Dinh Anh: The key to buying enterprises currently stagnant, low demand, high prices should be difficult to consume, leading to high inventories (Image: BD).

Stretch route electricity and gasoline prices more practical

Is necessary, but this package solution proposed by the Ministry of Finance data went into the real problem winning the requirements?

Discuss this issue, as evaluated by Dr. Vu Dinh Anh, extension of tax reduction and now can only address a small part of the problem in the context of health condition is too weak enterprises.

He said that the critical current is sluggish purchasing power, low demand, high prices should be difficult to consume, leading to high inventories.

Report of the Ministry of Industry and Trade meeting is given in a recent press briefing also showed that current input prices of firms in most industries are field fluctuations. So hard to avoid the increased cost of business to avoid losses, meanwhile, domestic demand is too low, making inventory, congestion has been rising.

So, according to Light, immediate action needed to be resolved some of this inventory. Instead of pan and deferred corporate income tax, state suffering losses can include the electricity price increase, gasoline for business. This is one of the price support scheme of the business input - including all these factors, not just capital.

Thus, while production costs to consumers would be cheaper, click the "demand" (including affordability) and solve the inventory.

VAT reduction (10%), expressed his approval for Anh said that this would also contribute to reducing production costs and stimulate consumers to pay more.

But according to comments from senior economist Le Dang Doanh, when business was "clinically dead" is even the rescheduling tax also does not solve the problem. State should consider establishing a fund to support enterprises in the form of credit guarantees, support with cheap loans for small businesses that market and business strategy. This fund may not be large but the focus right, would be more practical than the huge numbers.

In the session Government's regular press conference in March, when referring to this issue, Minister of the Office of Government noted Vu Duc Dam, shows practical, the measures fall time corporate income tax only focus on the enterprise income tax charge.

So very difficult business, no tax profits to stretch the time required to also support other solutions.


Written : Bích Diệp