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The budget review is needed to account for the effects of the global COVID-19 pandemic, the Russia-Ukraine conflict, the energy crisis, hyperinflation and a sharp increase in interest rates in the 2021-2027 joint budget. Dakota Pointe Vblink, Facing difficulties of the business community, at a recent seminar organized by HUBA, Mr. Phan Van Mai, Chairman of the People's Committee of Ho Chi Minh City, said that it is expected during the meeting of the People's Council. held in July 2023, the People's Committee of the city will submit a number of support policies for city businesses in both the immediate and long term. Currently, the Department of Planning and Investment is coordinating with the City Business Association to complete the dossier on this policy. According to Mr. Phan Van Mai, with the guidelines and policies issued by the Government and Central Government in recent months, the city is concretizing and has policies to help businesses overcome difficulties and continue to develop. . In the immediate future, Ho Chi Minh City will have policies to support, solve market access problems, and open new markets for exporters; solve the problem of inventory for businesses and the important issue is to find markets for businesses to be favorable in exporting goods. Notably, Ho Chi Minh City will restart the investment stimulus loan program, which has been interrupted for 2 years, in order to refinance unfinished projects as well as lend new loans to new projects. projects in priority areas for development of the city. Mr. Nguyen Quang Thanh, Deputy General Director of Ho Chi Minh City Ho Chi Minh State Financial Investment Company (HFIC), said that currently HFIC has coordinated with the Department of Planning and Investment and related departments to complete the project. draft a loan program to stimulate investment and is expected to submit to the City People's Council in the next meeting. This is one of the activities of Ho Chi Minh City to help businesses recover and develop stronger. According to Mr. Nguyen Quang Thanh, the stimulus program this time will be implemented more strongly in terms of support level as well as expanding the group of beneficiaries. In addition to businesses in the field of green transformation, this period's investment stimulus program has additional objects of logistics businesses, to help businesses reduce transportation and logistics costs. On the other hand, the loan interest support limit is raised to 200 billion dong, instead of only 100 billion dong as in previous periods and the support level can be 50% or 100% of the loan interest. In which, enterprises belong to industry groups such as high-tech enterprises, innovation, digital transformation; Education, healthcare, sports, culture, environment, high-rise factory construction projects will be supported up to 100% of loan interest. Besides, 4 supporting industries such as mechanical engineering, food processing, electronics and telecommunications, plasticizing rubber; Manufacturers such as footwear, textiles, etc. are also expected to be supported under this investment stimulus program . In addition to implementing a business support program, Ho Chi Minh City is also focusing on solving two important bottlenecks: infrastructure and institutions. Regarding infrastructure, Ho Chi Minh City is focusing on building Ring Road 2 and 3; renovate the system of Xuyen Tam canal, Tham Luong - Ben Cat canal... and many other key traffic works. With public investment, these projects will also create positive effects to promote private investment development, help stimulate demand, create jobs and create infrastructure for economic growth. economic chief. In terms of institutions, the new Resolution to replace Resolution 54, expected to be approved by the National Assembly later this week, is expected to be a fundamental solution to increase the autonomy of Ho Chi Minh City Ho Chi Minh.
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