Gov’t support needed for economic recovery: business leader
Government support policies are urgently needed for businesses affected by the COVID-19 pandemic in order to protect the national economy and people’s livelihoods, according to a business leader.
Chairman of the Vietnam Chamber of Commerce and Industry (VCCI) Vu Tien Loc (Photo: VNA)
Hanoi (VNA) – Government support policiesare urgently needed for businesses affected by the COVID-19 pandemic in orderto protect the national economy and people’s livelihoods, according to abusiness leader.
In an interview granted to theVietnam News Agency, Chairman of the Vietnam Chamber of Commerce and Industry(VCCI) Vu Tien Loc said Vietnam has a chance to step out of the downturncaused by the pandemic earlier than other economies.
Despite budget difficulties, the Government has putin place solutions and policies on fiscal, credit and social security tosupport businesses and people amid the impacts of the pandemic, he stressed.
Loc underlined the importance of gradually resuming activities in the domesticmarket through stimulating demand and circulation of goods given that exportsare yet to recover.
Nearly 800,000 businesses andmillions of business households and individuals are being affected by the disease,Loc said, adding that many businesses have closed, dissolved or scaled down production.
According to Loc, millions of workers are at risk of losing their jobs.
The re-opening of the domestic market is an urgent need as well as a bigopportunity for Vietnam to recover its economy, he said.
He urged the Government to repromote the “Vietnamese people give priority to using Vietnamesegoods” campaign,thus helping the business community to tap into the domestic market of nearly100 million people.
Loc also proposed the Government establish a steering committee andworking group to re-start the national economy and support the business community./.
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Chairman of the Vietnam Chamber of Commerce and Industry (VCCI) Vu Tien Loc (Photo: VNA) 
