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What businesses want after latest bout of Covid

By Quynh Trang   July 1, 2021 | 09:44 pm PT
What businesses want after latest bout of Covid
Medical staff take samples of workers to test for Covid-19 in a factory in Ho Chi Minh City in June 2021. Photo by VnExpress/Huu Khoa.
Tax breaks and loans on easy terms are what businesses need most after the economic shock caused by the fourth wave of Covid-19.

Eighty two percent of business groups have sought such loans for their members after many banks stopped providing them, saying they have reached their limits, according to a recent survey by the Private Economic Development Research Board.

Ninety one percent have called for a reduction or waiver of land fees, corporate income tax and other fees until the end of 2022, and for a moratorium on new fees and taxes.

Some have also sought stimulus policies to boost consumption, pointing out that a 50 percent reduction in car registration fees from July until December last year proved effective.

Businesses, especially in aviation, transport and tourism, have faced major difficulties since last year due to the pandemic.

The number of companies closing down in the first six months rose by nearly 25 percent year-on-year to over 70,000.

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