The Vietnam Automobile Transportation Association has proposed measures to help address difficulties facing road transport businesses.

The Association said the road transport market was seriously impacted by the Covid-19 pandemic while the complex developments in the global situation have resulted in rising gasoline prices, making it hard for businesses to recover.

It proposed that the State Bank of Vietnam (SBV) issue policies to continue allowing debt restructuring and extensions for debt settlement on all loans that businesses are still to repay due to Covid-19, and to instruct commercial banks to provide credit for businesses to reinvest, recover, and expand production and trade.

Regarding taxes, the Association asked the General Department of Taxation to continue offering extensions in debt payments next year.