The Hanoitimes – The relief package is estimated at VND180 trillion (US$7.63 billion). Prime Minister Nguyen Xuan Phuc on April 8 signed Decree No.41/2020 on five-month delay of deadline for payments of taxes and land rental fees, applicable for enterprises and individuals affected by the Covid-19 pandemic. The decree covers five beneficiary groups that are entitled […]
Read MoreThe Hanoitimes – The German businesses saw the Vietnamese government has taken decisive and forceful action against the impact of the coronavirus crisis and expect these measures to be taken as fast as possible. Only 14% of German companies plan to increase investment in Vietnam in the next 12 months, while the rate exceeded 50% in […]
Read MoreThe Hanoitimes – Both short- and long-term solutions are needed for enterprises to avoid severe consequences of the pandemic, said VCCI Chairman Vu Tien Loc. Eighty two percent of Vietnamese enterprises have anticipated losses in revenue in 2020 compared to the previous year, of them 30% expect a decline of 30 – 50% and other 22% […]
Read MoreThe Hanoitimes – The EuroCham Business Climate Index plunged to its lowest-ever score in the first quarter of 2020 due to impacts from the Covid-19 pandemic. The Covid-19 pandemic has exerted negative impacts on many European businesses in Vietnam, with 90% of them saying that they are hit by the virus, according to the latest Business […]
Read MoreThe Hanoitimes – In 2020, raising public investment disbursement is the only way to lessen the pain of economic growth. Although Vietnam has maintained macroeconomic stability amid the Covid-19 pandemic, the current crisis is posing challenges to the country’s fundamental weaknesses, mainly a high dependence on foreign investment and exports, weak supporting industries, and high debt […]
Read MoreThe Hanoitimes – The package, which is specified in a draft decree, is set to become effective immediately upon the approval of Prime Minister Nguyen Xuan Phuc. The Vietnamese Ministry of Finance (MoF)’s decision to expand the scope of the fiscal stimulus package to VND180 trillion (US$7.64 billion) would cover 98% of total operational enterprises, according […]
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