Cement businesses want debt relief and interest rate reduction

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Currently, the country has 61 cement factories with a total capacity of about 117 million tons of cement per year. Vietnam's cement output is currently ranked third in the world, after China and India. However, the domestic cement industry is facing many difficulties due to large oversupply, domestic consumption and export are both very slow and decreasing. To reduce difficulties for businesses, the Vietnam Cement Association has proposed that the State Bank consider debt extension and interest rate reduction for businesses. At the same time, priority should be given to cement businesses to borrow working capital and foreign investors should not be encouraged to invest in cement projects in Vietnam. The Vietnam Cement Association has also proposed that the Ministry of Finance report to the Government to soon submit to the National Assembly for approval the abolition of export tax on clinker.

Source: Thanh Hoa News on May 5, 2024

Source: https://truyenhinhthanhhoa.vn/doanh-nghiep-xi-mang-muon-duoc-gian-no-giam-lai-suat-180240504231927989.htm