Hanoi (VNA) – Over the two years of the COVID-19 pandemic, partly thanks to supportfrom local authorities, enterprises in Hanoi have managed to not only surmountdifficulties but also fulfill their social responsibility.

With more than 4,500 enterprises andcooperatives in different economic sectors, Dong Anh is home to the biggestnumber of businesses among outlying districts of Hanoi.

Despite the pandemic’simpacts in the last couple of years, many businesses in the district have shownresilience to flexibly adapt to the new context and expand operations.

Nguyen Xuan Linh,Chairman of the district People’s Committee, said local enterprises have madesubstantial contributions to Dong Anh’s outstanding achievements insocio-economic development as compared to previous years.

In the first ninemonths of 2022, the local production value is estimated at nearly 127.17trillion VND (5.3 billion USD), up 10.9% from a year earlier. That includesnearly 114.19 trillion VND in industry - construction and 11.18 trillion VND intrade – services, representing increases of 10.5% and 16.5% respectively.

Meanwhile, the statebudget revenue stood at more than 4.42 trillion VND, equivalent to 57% of thetarget for this year, Linh noted.

Aside from promotingproduction and business activities, businesses and entrepreneurs in Hanoi havealso reserved considerable material resources for social work.

Amid the recentcoronavirus outbreak, they donated hundreds of billions of VND to the pandemicprevention and control funds of localities. They have also made donations tothe Gratitude Fund and the Fund of the Poor, helping ensure local socialsecurity.

Le Trung Kien,Secretary of the Dong Anh Party Committee, said facing social restrictionsimposed to curb COVID-19 transmission last year, the district’s administrationworked to encourage and help enterprises to sustain operations.

Timely and flexiblemeasures carried out at that time proved effective, he said, adding that DongAnh received the biggest donations from businesses and people to theanti-COVID-19 fund among all localities in Hanoi. This demonstrated the highsense of responsibility on behalf of companies and entrepreneurs towards local development.

The Hanoi People’sCommittee said in a move to appreciate their contributions and also to providemore assistance for them, authorities have been pushing ahead with supportpolicies for pandemic-hit companies.

Since the year’sbeginning, authorities in the city have reduced value added tax (VAT) by 2% fornearly 42,000 firms and cut down registration fees by over 1.7 trillion VND,statistics show.

Vice Chairman of theHanoi People’s Committee Ha Minh Hai said from now the end of 2022, the citywill focus on tackling as many difficulties for businesses as possible byproactively forecasting changes in the market to take measures for facilitatingdomestic and foreign trade; fully enforcing the Government’s new policies ontax and fee exemption, reduction, and payment deadline extension; and askingbanks to supply concessional loans for enterprises.

Mac Quoc Anh, SecretaryGeneral of the Hanoi Association of Small and Medium Enterprises, held that toaddress difficulties and give an impulse to local firms, authorities shouldspeed up the settlement of administrative procedures. They should also accelerate the implementation of relevant resolutions issued by the National Assembly andthe Government so that more enterprises can benefit from support policies.

Secretary of the DongAnh Party Committee Le Trung Kien noted as the Hanoi administration designatedthe district as a financial hub and a smart city, much needs to be done, requiring more contributions, in terms of both wisdom and resources, from local enterprisesand entrepreneurs.

He held that businesses should uphold resilience and reform mindset to better corporate governance andraise labour productivity.

For their part,authorities will keep reforming administrative procedures, improving theinvestment and business climate, and promoting the district’s competitivenessso as to provide the best possible conditions for people and enterprises tostart business and expand operations, according to the official./.