Nghe An National Assembly Delegation proposes to remove difficulties for businesses in accessing fiscal and monetary policies
(Baonghean.vn) - Working with units in the fields of tax and banking, the National Assembly Delegation of Nghe An requested that units remove difficulties and obstacles, creating favorable conditions for subjects to access the fiscal and monetary policies of the National Assembly.
Hundreds of thousands of beneficiaries of fiscal and monetary policies
On the morning of December 26, the National Assembly Delegation of Nghe An province had a working session with a number of units in the finance and banking sector according to the plan to monitor the implementation of Resolution No. 43, dated January 11, 2022 of the National Assembly on fiscal and monetary policies to support the socio-economic recovery and development program and the implementation of the National Assembly's Resolutions on a number of important national projects until the end of 2023.
The delegation worked with the State Bank of Vietnam - Nghe An Provincial Branch, the Vietnam Bank for Social Policies - Nghe An Provincial Branch and the Nghe An Provincial Tax Department regarding the implementation of fiscal and monetary policies to support the economic and social recovery and development program.
As a result of the interest rate support policy through the commercial banking system for a number of important industries and sectors, accumulated to November 30, 2023, 37 customers were able to borrow more than VND 933 billion at 10 commercial bank branches and the amount of interest rate support was more than VND 4.7 billion.
The implementation of interest rate support policies for enterprises, cooperatives, and business households with the ability to repay debts and recover, including restructuring debt repayment terms and maintaining debt groups; exempting, reducing, and lowering loan interest rates... with hundreds of thousands of customers benefiting with hundreds of thousands of billions of VND.
Implementing the lending policy for renovating old apartments, building social housing, housing for workers to buy, rent and hire-purchase, only 2 projects meet the legal conditions for accessing loans and are currently completing procedures to implement loans.
The implementation of the target of reducing lending interest rates to support businesses with a reduction in 2022 from 0.5% - 2% / year depending on each subject and in 2023 a reduction of 1.5 - 2% / year.
Based on reports from units and through understanding feedback from voters and people, some members of the monitoring delegation raised a number of issues and requested units to discuss and clarify.
In the condition that businesses are "thirsty" for capital, but access to 2% interest rate support loans for businesses, cooperatives, and business households is low, the support amount in the province is only 4.3 billion VND.
According to the feedback of some beneficiaries, the disclosure of information, guidance for businesses to access and procedures are complicated and difficult. Determining the conditions for loans and determining whether businesses have the ability to recover to make loans is difficult, so the implementation of lending policies for these subjects is still limited.
On the other hand, it is difficult to determine which items are eligible for a 2% VAT reduction, and when asking the authorities, they do not provide specific instructions but instead give a general answer of "following the regulations".
Focus on removing difficulties and obstacles to support businesses in borrowing capital
Concluding the meeting, Comrade Thai Thi An Chung - Member of the Provincial Party Executive Committee, Deputy Head of the Provincial National Assembly Delegation, Head of the Supervisory Delegation highly appreciated the active participation of the sectors in implementing the fiscal and monetary policies issued by the National Assembly in the province.
Besides pointing out some difficulties and limitations in accessing fiscal and monetary policies from some beneficiaries; the Head of the monitoring delegation requested the State Bank of Nghe An Branch to continue directing and guiding commercial banks and enterprises with the ability to recover and the need to borrow capital to access the interest rate support capital package to remove difficulties for enterprises.
For Nghe An Policy Bank Branch, continue to pay attention to the development loan program for ethnic minorities; at the same time, coordinate with the Fatherland Front and organizations to review the beneficiaries of loan policies, ensure loans are given to the right subjects, and avoid duplication.
The Provincial Tax Department is concerned with administrative reform, creating favorable conditions for taxpayers; especially promptly removing difficulties and obstacles when taxpayers need support.