74% of Ho Chi Minh City businesses propose to reduce taxes and fees

VTV.vn - 74% of Ho Chi Minh City businesses requested to reduce taxes, fees and other costs to remove difficulties, promote production and business and stimulate consumption.

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Ho Chi Minh City Business Association (HUBA) has just sent a report to the Ho Chi Minh City People's Committee on business operations in the third quarter.

Accordingly, the number of businesses recording increased revenue is significantly higher than the rate of businesses with decreased revenue. However, increased input costs have affected the profits of most businesses.

As many as 41% of businesses reported a decrease in profits, while only 26% reported an increase. However, business confidence in the next business period remains high, with 63% expressing optimism.

This reflects the positive impact of the State's public investment policy and support for private economic development. The report also shows that the small business sector and household businesses are facing many difficulties.

Fierce competition from e-commerce, along with changing consumer habits, has forced traditional market stalls and stores to close en masse.

In order to support business, the business community recommends that businesses: Reduce taxes, fees, social insurance, and union fees; Promote investment and consumption stimulus; Quickly resolve reasonable business recommendations; Develop infrastructure and support credit capital, and reduce interest rates.

Source: https://vtv.vn/74-doanh-nghiep-tp-ho-chi-minh-kien-nghi-giam-cac-loai-thue-phi-100251010160645416.htm