The National Assembly passed the revised Law on Enterprises on Wednesday, introducing several important changes to regulations overseeing business activities.
The Ha Noi Small- and Medium-sized Enterprises Association (Hanoisme) has proposed Ha Noi to cut land rent by 50 per cent in the first half of this year for enterprises struggling due to the novel coronavirus (COVID-19) pandemic.
The central city and the International Investment Bank (IIB) will boost
co-operation and development to support the city''s Small-and
Medium-Sized Enterprises Association in the coming years.
Small and medium-sized enterprises (SMEs) account for over 95 per cent
of businesses in Ha Noi and provide most jobs in the city, said Mac Quoc
Anh, vice chairman and general secretary of the Ha Noi Small and
Medium-Sized Enterprises Association.
The economy is heading to the year-end season and commercial banks are
struggling to boost capital demand from enterprises that could help them
to meet their credit sales targets.