Le Hoang Quan, Chairman of the People’s Committee of Ho Chi Minh City, on February 24 met with representatives of various departments and businesses in the city to help resolve several issues facing them.
According to enterprises, at present their businesses are still running well because banks have reduced loan interest rates, the US dollar has declined 0.41 per cent this month and they can access loans easily.
However, one representative of a state-owned enterprise said that big companies can access loans easily but it is difficult for smaller and medium sized companies to get loans from banks.
At the meeting, Chairman Quan agreed to a proposal made by Saigon Transportation Mechanical Corporation to speed up the nine-storey parking lot in Co Giang in District 1, which is expected to complete this year.
Mr. Quan also asked companies to pay attention to restructuring their businesses and improve quality of products.
In addition, companies need to clear their financial statements and leaders of companies must be accountable if their companies make losses for two consecutive years.
According to a report of the HCMC Department of Planning and Investment, in February, retail sales of goods and service turnover is estimated to reach VND40.703 trillion (US$1,9 billion), decreasing 6.3 per cent from the previous month but increasing 27.7 per cent compared to the same period last year.
The city’s CPI rose 1.32 per cent against last month and 15.4 per cent compared to the same period last year.