Focus on Business Support in Response to Covid-19 Pandemic

10:17:24 AM | 26/4/2021

Introducing many consistent solutions to support businesses to invest in industrial and commercial development and market expansion, the Department of Industry and Trade of Tay Ninh province has effectively helped improve the investment and business climate and attract socioeconomic resources for local socioeconomic development.

Accelerating industrial restructuring

In 2021 - 2025, Tay Ninh is resolved to focus on speeding up industrial restructuring, improving industrial productivity, quality, performance and competitiveness; and developing industries of cutting-edge technologies, strong competitiveness and capability of joining global value chains. The province has assigned priority to developing supporting industries and agricultural processing.

Regarding trade and services, the province has maintained traditional distribution channels and developed modern trade forms to meet economic and social development requirements. Specifically, Tay Ninh worked out infrastructure development plans for wholesaling and retailing facilities, markets, trade centers and supermarkets; encouraged enterprises to boost exports and diversify markets.

With respect to cross-border trade, Tay Ninh shares a 240-km national borderline with Cambodia where there are three international border gates (Moc Bai, Xa Mat and Tan Nam), three national border gates (Ka Tum, Chang Riec and Phuoc Tan), and 10 secondary border gates. In the coming time, the industry and trade sector will coordinate with relevant departments, agencies and local governments to facilitate cross-border trade development with the Cambodian provinces of Tbong Khmum, Prey Veng and Svay Rieng.

Besides, the province will build synchronous infrastructure, develop a balanced, harmonious, sustainable urban areas towards green growth, smartness and response to climate change; construct and upgrade wharves, technical infrastructure for border gates; upgrade and expand traffic routes to border gates to facilitate cross-border trade and goods exchange.

On the other hand, Tay Ninh will inform and utilize international integration commitments in which Vietnam participates, especially the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), to attract foreign investment to develop exports, approach foreign markets, particularly countries with which Vietnam signed free trade agreements (FTAs).

Active support for business development

To remove difficulties caused to businesses by the Covid-19 Pandemic, in 2020, the Department of Industry and Trade advised the Provincial People's Committee to introduce many solutions to assist local enterprises to grow their business. The electricity sector particularly helped them by reducing electricity bills, worth as much as VND220,354,485,066, as guided by the Ministry of Industry and Trade.

Regarding border trade, since the Covid-19 Pandemic outbreak which has been increasingly complicated, to ensure the good implementation of urgent measures to prevent and combat the contagion as instructed by the Government and facilitate businesses to develop import and export, the Provincial People’s Committee met with relevant bodies and Cambodian authorities to resolve merchandise import and export issues at Moc Bai Border Gate. Posts. With timely and effective plans, cross-border import and export was carried out normally.

For the domestic market, following instructions of the Prime Minister, the Ministry of Industry and Trade and the Provincial People's Committee on urgent measures to prevent and control the Covid-19 Pandemic, the Department of Industry and Trade of Tay Ninh coordinated with relevant agencies and sectors to execute Pandemic prevention solutions and to deal with difficulties faced by industrial and commercial companies as follows.

Closely monitoring market developments, directing and coordinating with businesses to immediately implement support measures to ensure sufficient supply of essential goods, mobilize and request them to stabilize prices of essential goods in the face of the Pandemic outbreak.

Assessing supply and demand of essential goods; ensuring the supply of essential goods for local consumption in response to Pandemic evolution and for quarantine areas; and preparing plans to support other localities in need when necessary.

Strengthening prevention and control measures, especially in cities, towns and densely populated areas with supermarkets and wholesale markets.

Source: Vietnam Business Forum