Ministry proposes ways to help exporters hit by fiscal crisis (05/11)
06/08/2010 - 12 Lượt xem
It wants the Ministry of Finance (MoF) and the State Bank of Vietnam (SBV) to enable companies and farmers to access credit, especially for key exports.
It wants the SBV to consider further interest rate cuts – in addition to the two in the last few weeks – to encourage consumption and production.
The customs office should promptly resolve administrative and clearance problems enterprises face, it said. It should also monitor global prices to adjust tariffs on essential goods in a flexible manner to help companies that are struggling with falling consumption, MoIT said.
Ministries and other agencies should strictly monitor and prevent the global financial crisis from spreading to Vietnam and forecast exports more effectively, it said.
They should also promptly spot and help companies cope with technical barriers other countries set up to limit exports, generally improve their knowledge of global trade, and boost exports of services, it said.
Companies should diversify their export markets, reducing their dependence on traditional ones and finding new ones, the ministry said.
Exports are expected to reach 15.4 billion USD in the fourth quarter, taking the total for the year to 64 billion USD, an increase of 32 percent over last year, according to MoIT figures.
Source: VNA
