Government strengthens efforts to lift business and production difficulties

Tuesday, 2020-06-02 11:19:43
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The Government requests the prompt removal of barriers and obstacles for production and business activities. (Illustrative image)
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NDO – The Government recently issued Resolution No. 84/NQ-CP concerning tasks and solutions to continue removing difficulties for production and business activities, accelerating the disbursement of public investment, and ensuring social order and safety to maintain economic growth momentum.

Under the document, the Government introduced three tasks and solutions within its jurisdiction, including to provide support for those affected by the COVID-19 pandemic, to attract investment capital from the entire society, and to disburse public investment capital.

Specifically, a 15% reduction in land rent payable in 2020 will be applied to enterprises, organisations, households, and individuals who directly lease land from the State but have been forced to halt production due to the disease.

In addition, aviation businesses with outstanding loans until December 31, 2019 will be exempted from guarantee fees arising in 2020 for government-guaranteed loans, while charges for take-off, landing and flight control services concerning domestic flights will be reduced by half for the period from March to the end of September 2020.

The Government has assigned ministries, sectors and localities to accelerate the consideration and settlement of investment procedures for projects as proposed by enterprises, ensuring no delays and backlogs in the handling of records.

At the same time, it is permissible not to apply the regulation of saving 10% of total investment for newly kick-started projects in the 2016-2020 medium-term public investment plan with capital allocated from the public investment plan in 2020.

Also, the Government directs the continuous review of regulations on budget, investment and construction; the timely removal of barriers and obstacles; and the creation of favourable conditions to accelerate the implementation and disbursement of public investment projects and improve their efficiency.