29.5 C
Ho Chi Minh City
Wednesday, July 24, 2024

HCMC plans VND4-trillion relief package for Covid-19-hit firms

Must read

HCMC – The HCMC government is working on the second relief package worth VND4 trillion (US$173.9 million) to support enterprises encountering difficulties triggered by Covid-19, said municipal chairman Nguyen Thanh Phong.

On the second working day of the 23rd sitting of the HCMC People’s Council on December 8, deputy Pham Quoc Bao highlighted the severe impact of the pandemic on local residents and enterprises, asking the municipal government for solutions and policies to help them overcome difficulties, the local media reported.

In response, chairman Phong said the city would make a list of enterprises that were facing difficulties caused by Covid-19, especially small and medium ones.

The second package, which has been set up in consultation with enterprises and development research institutes, is expected to be introduced soon.

Specifically, zero-interest loans will be offered for enterprises in the lodging, catering, tourism, transport, textile-garment, leather-footwear, wood processing and food processing sectors as well as those experiencing a drop in revenue.

The city will continue working out prompt solutions to support disadvantaged people amid the pandemic, Phong added.

The city had earlier introduced the first relief package, providing enterprises with VND611 billion and extending enterprises’ deadlines to pay taxes worth VND8.8 trillion as well as the deadlines of household businesses to pay value-added and personal income taxes and land rents.

More articles


Please enter your comment!
Please enter your name here

Latest articles