VINACHEM

Vietnam plans to cut and reduce total of VND37.7 trillion ($1.8 billion) worth of taxes to support enterprises in 2013, the Deputy Prime Minister Nguyen Xuan Phuc said.

To remove difficulties for manufacturing and producing companies, the country will focus on credit solutions, continue cutting interest rate for existing and new loans, priorities capital for production, projects and businesses work effectively.

In details, the Government would manage to pour about 40 trillion credit into the economy to achieve 12% credit growth this year ( in the first 5 months of this year, credit growth is less than 3%)

“Besides, the country also manages to disburse VND15-20 trillion social housing loans to solve accommodation for people and difficulties for property enterprises as well, Deputy PM stressed.