Post-pandemic business support policies should focus on efficiency: experts

Illustrative image (Source: VCB)

Future business support policies in the recovery period should focus on the right subjects and provide appropriate support contents to ensure their highest efficiency, according to experts.

According to a report on the evaluation of the efficiency of support policies to enterprises affected by the COVID-19 pandemic, which has been released by the Prime Minister’s Advisory Council on Administrative Procedure Reform, among the 33 business support policies applied in 2020, those on tax, fee, charges, employment, labour, and insurance benefit businesses the most.

The access rate to these policies groups was more than 50% of the total number of the 355 surveyed businesses.

The proportion of enterprises benefiting from the policies to the total number of enterprises having access to them was 72% and 76.3%, respectively, said the report.

Meanwhile, it said that the access rate to policies in finance-credit, export promotion and supply chain protection was only at less than 20%.

However, the rate of businesses benefiting from them was at 44% and 76.3%, respectively.

The report showed the negative relationship between the rate of enterprises accessing and benefiting from policies and the effectiveness of policies.

According to the Advisory Council, in the time to come, new business support policies should target businesses and inpiduals severely affected by the pandemic from the prevention and control phase to the "new normal" period, due to changes in demand for goods, services and investments in the world.

The support packages in finance-credit, export promotion - supply chain protection are still essential for businesses affected by the pandemic, the council added./.