Long An Department of Industry and Trade proposed to reduce lending interest rates for businesses to overcome difficulties due to Covid-19

In February 2020, production activities of the businesses are decreased due to the impact of Covid-19 epidemic

In February 2020, the index of industrial production decreases by 4.2 percent over the previous month, but increases by 7.5 percent over the same period of the previous year. In the first 2 months of 2020, the index increases by 3.6 percent over the same period in 2019.

In February, the rate of 37 out of 75 industrial product groups increases over the same period, but the rate is not high; the rate of 38 out of 75 groups decreases. This is an unprecedented result in the province for many years.

The consumption of businesses is affected by the epidemic, including dragon fruit

Businesses (dragon fruits, rice, cashews, etc.) that depend on unofficial roads and the Chinese market are greatly affected by the Covid-19 epidemic. At the same time, some sectors that have imported raw materials from China are also affected such as textiles, footwear, steel, plastic, etc.

According to the assessment, the businesses will be greatly affected on the consumption and production of goods by the impact of Covid-19 disease. For that reason, Long An Department of Industry and Trade petitioned the Ministry of Industry and Trade to propose the Government to set up a distribution center for agricultural products in the Chinese market as a focal point for dealing with domestic businesses to limit risks.

Enterprises should be allowed to reschedule and reduce loan interest rates to overcome difficulties

Currently, the businesses are facing difficulties in consumption and production, so the Government should direct the banking sector to increase the loan limit, reschedule or reduce lending rates; reduce inspection to them to focus on production and business.

The Department of Industry and Trade also proposed the Ministry of Industry and Trade to implement programs to develop markets for consuming agricultural products outside of China; create conditions for domestic enterprises to sign consumption contracts with foreign enterprises to consume high-quality agricultural products.

At the same time, the Department of Industry and Trade proposed the Ministry of Industry and Trade to develop a program to promote the consumption of dragon fruits in the Indian market in 2020; implement the Program of consuming agricultural products nationwide to consume products among regions in the country with specific policies for each product./.

By Mai Huong - Translated by Pham Ngan

Source: http://baolongan.vn/so-cong-thuong-long-an-de-xuat-giam-lai-suat-vay-cho-doanh-nghiep-de-vuot-kho-do-anh-huong-covid-19-a91048.html