No local enterprise enjoys support industry incentives

The Government has issued a lot of decisions of giving priorities to support industry development, but none of domestic enterprises have been able to access incentives.

Only one foreign enterprise has been listed to enjoy the preferential policies, said head of the Legislation Department under the Ministry of Industry and Trade Nguyen Sinh Nhat Tan in Ho Chi Minh City on October 2.

He was speaking at a seminar discussing a Government’s draft decree on support industry development.

According to the department, domestic support industry has met only 10-15 percent of demand in automobile, electronic and shipbuilding industries.

The number of businesses in the support industry is too few compared to the total number of enterprises in Vietnam.

Delegates at the seminar said that relevant ministries and department should work together while implementing the Government’s preferential policies to bring more local enterprises incentives.
The draft decree should detail the incentives especially in tax, customs, interest rate and land policies, they said. Procedures in implementation of the policies should be simple and clear.

By Lac Phong – Translated by Hai Mien

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