Vietnam - Businesses asked to increase competitiveness

President Truong Tan Sang has asked businesses to exert their utmost to actively surmount their difficulties in order to increase their competitiveness and that of the entire economy.

Talking with voters of District 4 in Ho Chi Minh City on May 3, President Sang said the Government has carried out a number of specific solutions to overcome the degradation of the economy and production.

Voters proposed the Government reduce income tax for small and medium sized enterprises, reduce interest rates and give priority access to capital sources for production facilities.

Meanwhile, voters from the textile and garment sector suggested the establishment of on-the-spot material zones for businesses to increase product price and competitiveness, assisting the development of highly skilled human resources and having policies that ensure easier access to capital and technology.

VIR – VNA

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