Despite the COVID-19 pandemic, the number of newly registered enterprises in the Mekong Delta province of Tra Vinh has risen this year compared to the same period last year.
There are 2,607 operating businesses in the Mekong Delta province of Tra Vinh with total registered capital of 33,206 billion VND. (Photo: VNS)
Tra Vinh (VNA) - Despite the COVID-19 pandemic, the number of newlyregistered enterprises in the Mekong Delta province of Tra Vinh has risen thisyear compared to the same period last year.
About 126 enterprises have registered since the beginning of the year withtotal registered capital of 1,591 billion VND (67.7 million USD). Compared tothe same period last year, the number of new enterprises rose by 12, whileregistered capital increased by nearly four times, according to the provincialPeople Committee.
Chairman of the provincial People Committee Dong Van Lam has promoted taxpolicies and credit support for companies affected by the pandemic.
Specifically, banks and credit institutions in the province have reducedlending interest rates in maximum in some priority areas, he said.
According to the State Bank of Vietnam branch based in Tra Vinh, the provincehas more than 500 customers with debts totally worth over 650 billion VND havingrepayment terms restructured. A 0.5 percent reduction in the interest rates isapplied to bank debts, while the interest rate of credit institution debts arecut by 1 percent.
About 1,700 businesses and 2,000 business households have received a five-monthextension for tax payments.
In addition to the tax payment extension, 130 enterprises have received afive-month extension on land rental payments.
The management board of the Small and Medium-sized Enterprise DevelopmentProject of Tra Vinh Province (SMEs Tra Vinh) has given non-refundable supportof more than 1.86 billion VND to small and medium-sized enterprises.
The financial support will focus on investment for technological innovation andthe use of solar power to increase production capacity and product quality, andto reduce costs to improve competitive capacity, according to SMEs Tra Vinh./.
Authorities in the Mekong Delta province of Tra Vinh have encouraged farmers to restructure their crop cultivation to mitigate the impact of drought and saltwater intrusion.
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There are 2,607 operating businesses in the Mekong Delta province of Tra Vinh with total registered capital of 33,206 billion VND. (Photo: VNS) 
