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HCMC wants firms to scale up

Update: September, 22/2017 - 15:10
HCM City encourages agricultural business households, farms and co-operatives to upgrade into enterprises. — Photo
Viet Nam News

HCM City — Agricultural households, farms and co-operatives would get access to various funds if they upgrade into companies, a seminar heard in HCM City yesterday.

“HCM City always offers incentives to develop agriculture and the city encourages agricultural business households, farms and co-operatives to upgrade into enterprises to ensure sustainable development of the sector,” Nguyễn Văn Trực, deputy director of the city Department of Agriculture and Rural Development, said.

Besides, they would get technological support to improve quality and labour productivity and help to develop brand names for better domestic and international visibility, he said.

“As newly established companies, they will also get numerous tax incentives. Besides, tax agencies will assist in registering for taxation, using VAT invoices and managing their accounts.”

Lê Thế Khải, director of Phú Hòa Đông girdle cake trade village, said: “Local authorities should encourage households and farms to become enterprises because they do not have legal status and it is hard for them to access capital.”

Trần Đức Trọng, a senior official at the Bình Nguyên Joint Stock company, said: “To encourage households and farms to upgrade into companies, local authorities should provide loans for them to invest in infrastructure, upgrade and buy necessary materials.

“Authorities should adopt policies for comprehensive support for sales.”

Bùi Văn My, director of the department’s agricultural consultancy and support centre, said: “Large-scale household businesses, farms and co-operatives with many workers are encouraged to upgrade into companies to take advantage of incentives.” — VNS


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