Find a way out for Vietnam's economy - Term. 6: Stimulating consumer research enterprise
, 07/07/2012, 10:08 GMT+7
 Enterprises are not keen on tax relief package
Discount inventory consignment of goods to rural areas, industrial zones of interest rate support, enhancing the competitiveness of Vietnamese goods, promote exports ... It was proposed by the experts to stimulate purchasing power in the market, saving enterprises (companies).
Still far from support
29 000 billion tax relief package the extension of tax including VAT, personal income tax, personal income tax exemption level 1 ... to increase purchasing power, support businesses, such as forecasts put sea salt. The companies barely feel the relay. Mrs. Pham Thi Loan, Chairman and CEO of Group Vietnam Asia frankly, tax support package, or something that relief, where businesses have nothing but questions. They sure help small and medium enterprises, I also have small and medium enterprises can be supported but nothing. Stretch Stretch VAT is also finished a few months to be paid. But income tax, but businesses do have interest-free. According to Loan, banking (NH) exhorted lower interest rates (LS), debt restructuring, but not the actual loan company: "In LS 13% / year but we still borrow 17-18%, non-interest also free. DN only save themselves, "she Loan clam bored.
Mr. Tran Chi Gia - Chairman and CEO Meko Garment Joint Stock Company headquartered in Tra Noc Industrial Park (Can Tho) conceded that the tax is "something" forever in the distance, the business can not reach. "We do not expect anything to actually support package for hundreds of thousands of businesses that only a few trillion. Companies must have revenue, profits to worth, behind is not as difficult as that is nowhere at all. What we want is to release inventory, find contracts, market orders, "said Gia proposed.
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Urgent problem today is the release of inventory to save the company. With a country of 85 million people, not lack of purchasing power, the problem is that any measures to stimulate domestic consumption
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Dr. Le Dinh An
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Dr. Le Dinh An, former Director of Information Center and socio-economic forecasts countries (Ministry of Planning - Investment) said that the figures support the recent tax too little, too small, does not match the hard constraints of enterprises. According to this expert support to raise more money, reduce income tax currently at 25% down. As in other countries, the tax rate is only about 15%, 25% in VN is too high. In addition, tax must be allocated to each category, not scraping by. As the real estate tax rate can range from 25-30%, while agriculture, forestry and fisheries, food must be reduced.
The appointment of five banks lending support LS-harvest loss reduction for agriculture - fisheries of the central bank also limited the access to the support of businesses. According to experts, this was not really fair to make the objects are supported. By not specific businesses, households also produce any credit relationship with 5 banks in the system, there are 37 commercial banks, five state-owned. Paradoxically, the G14 group made up 90%, which is not the central bank for all participants to all subjects are equally support the most.
Liberation inventory
Mr. An said that the imperative now is to release inventory to save the company. With a country of 85 million people, not lack of purchasing power, the problem is that any measures to stimulate domestic consumption. While past policies be too fragmented, superficial. "We travel trade organization of high quality in urban areas, big cities, only the few high-income people buy, because every item is appreciated. In rural areas, mountainous regions, districts and communes and industrial zones, including the poor, workers did not see the fair, there were no sales cost, "Dr. Press said.
To push the inventory, TS Doanh - former Director of Central Institute for Economic Management said the need to stronger support for exports. He expressed the urgent over the years as the planning, plans Colombian rice, companies are searching for affordable market or not to make low-quality goods, not competitive, flickers pump order, economic difficulty is lost out of contract, partnership. Caused by the lack of direction, lack of poor planning and forecasting demand that the goods do exceed supply, hard times in the stock pile is not exported. The farmers, crops, livestock do no better by the lack of orientation. "Who is worse off than the farmers when they only knew farming, animal husbandry. See to appreciate the coconut palm, cutting prices, the mass loss. State must plan for, to help plan what they grow, raising what the new supply meet demand, supporting farmers fell into a bath with coconut milk, "he said.
In addition, the need to support prices, reduced LS loans to lower commodity prices. Especially the exports, the staples of Vietnam. "The state should reduce interest rates on the lowest level of 0% or just a few%, support for businesses that reduce the price condition and solution inventory," added Dr. sales proposals.
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Mr. Do Duy Thai - Chairman, CEO Vietnam Steel Corporation: Important nhatla of bridges
The most important problem right now is to create demand by many different policies. For example, the steel industry needs to market the inventory sold to businesses, through measures can focus capital disbursement for key projects, to create a source of demand for steel consumption.
Banks have a strong move down LS, but the reality of small businesses do not have access. In addition, domestic companies are competing with imports huge, with FDI companies ... To save this business, is still the most important stimulus, widened for the output of the enterprises, followed by LS cheaper and more accessible.
Dang Phuong Dung - Secretary-General VN Textile and Apparel Association (VITAS): He admitted some input
29 000 billion package focused on tax extension, late payment for SMEs. Like last year 2011, companies with interest in part, to extension of tax policy on personal income is used to compensate for the increase in wages for workers, solve their difficulties for companies. But this year the company is very difficult then, unable to pay taxes is very rare, because most businesses hole, so this solution does not solve the problem.
Second, the major difficulty with the current production businesses, including apparel input costs such as wages, electricity and water are increased, which increases costs and reduces competitiveness of the product. As soon as the environmental protection tax imposed on plastic bags (5% cost of textile products) despite shortcomings, but also not have solutions for enterprise support. Remove difficulties for enterprises must be removed early on, first of all restrictions on price increases input costs unnecessarily.
Mai Ha (record)
Nguyen Huu Quang-permanent member of the Finance Committee - the National Assembly's Budget: Quick disbursement of investment capital the last 6 months
The most important companies now issue consumption goods, services, or product output. The macroeconomic policies have long been part of creating artificial demand, such demand for real estate, securities ...
Provision based on the false bridge to a time that will lead to a crisis. Should have mechanisms and policies suitable to create a consumer demand really. Six months of this year, the disbursement of 225,000 billion investment from the state budget and government bonds for 2012 and only reached 80,000 billion dong (just over 1/3 which is expected) due processes and procedures for disbursement delay, less money is pumped into circulation leading to increased inventory.
The resolution and remove the causes of delay disbursement, prompting quick disbursement of investment capital for this development in the last 6 months will help unfreeze capital, making the economic picture will be brighter more.
Security Cam (recorded)
Nguyen Van Dung - Vice Director of State Bank branches in Vietnam: Support for direct loans DN
Currently we are implementing forms of direct assistance to business loans. The DN to request funds for Young Enterprises Association, district People's Committee, the central bank ...
This request will immediately be transferred to commercial banks for about 5 localities such as Ho Chi Minh City branch Vietinbank, BIDV City, East Asia, Sacombank, Phuong Dong, Vietcombank Ho Chi Minh City. Or send direct businesses on this NH. This model is being done in the area early next week and Tan Binh 11 enterprises signed credit agreement with banks to borrow 60 billion.
But the company's capital is a problem, the problem remaining is the output of DN. Therefore necessary consumer policy stimulus, the ice-breaking policies to support the real estate market so that capital flows into circulation.
T.Xuan (record)
Diep Thanh Kiet - Vice President VN Footwear Association Negotiation of trade agreements for export
In short how to restore the purchasing power is the most important thing. But long term, for exporters, who have the advantage, that person will be competitive, especially in difficult times our present.
For example if we have trade agreements with countries such goods shall be exported to more favorable, not many technical barriers. But not much current VN bilateral trade agreements, even those in the export markets of VN as the U.S., Europe. Thus our goods very opposite to the alleged dumping, tariffs are high ...
We must build a house for transient businesses to compete and not pinched in a little house and not enough small bit of oxygen.
Mai Phuong (record)
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There should be proper export NH
According to Dr. Le Dinh An, it is time the Government should have the behavior "enthusiasm" than to export, to establish an export-import bank offers its own right.
In many countries, thanks to this bank should support the companies have goods cheaper, lower cost VN such as America, Japan, South Korea. This bank can act as financial support, LS driven by the Government as a bridge, promoting the export market, the old market development for businesses; macroeconomic policies implemented by the Government, export-oriented schedule.
"Can not today, tens of NH who also import and export, which can only finance business, rather than any significant support. The companies market to borrow at very high LS, swim search for new markets. While support for Chinese exporters LS 0%, very cheap commodity and competitiveness. Export-import banks will support innovative businesses boldly modern production technology, the new goods and quality, reduce costs, lower costs, less labor, less labor, less crafted to increase competition, "Dr. En recommendations.
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>> Find a way out for Vietnam's economy - Term 5: Drastically create long-term capital channel
Written : Anh Vũ
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