The Government is determined to take drastic measures to realise the socio-economic development plan, better business climate, as well as improve national competitive capacity in 2021 through the issuance of Resolution No.01/NQ-CP and Resolution 02/NQ-CP.
Deputy Prime Minister Pham Binh Minh attended the Vietnam Business Forum (VBF) 2020 in Hanoi on December 22, with the theme “Challenges and Opportunities in the New Normal”.
The Supreme People’s Court (SPC) held a national teleconference on December 21 to review the sector’s performance in 2020 and the 2016-2020 tenure and set tasks for next year.
Chairman of the HCM City People’s Committee has called for continued efforts in supporting individuals and enterprises affected by the COVID-19 pandemic and achieving the year’s socio-economic targets.
The second stimulus package to aid the economy amid the COVID-19 pandemic would focus on the most affected sectors, including aviation, tourism and consumption, according to the Ministry of Planning and Investment.
The picture of the domestic aviation industry remains gloomy as the COVID-19 pandemic has left a strong impact on airlines, eating quickly into their wallets. The national flag carrier Vietnam Airlines forecast that the domestic aviation market will gradually recover this year and in 2021 despite difficulties, but it will take a very long time for the international market to regain its health.
More than 6,000 enterprises in HCM City have resumed operations following the containment of the COVID -19 pandemic and more than 30,000 new ones with capital of 696 trillion VND have been set up this year, the city chairman has said.
Ho Chi Minh City is set to roll out a second COVID-19 aid package worth 12 trillion VND (517 million USD) exclusively for small and medium-sized enterprises (SMEs).
Tariffs cut to zero under the ASEAN Trade in Goods Agreement (ATIGA) from January 1 this year and the COVID-19 pandemic have made for a tough year for the sugar industry, heard an online seminar held by Nhan Dan (People) e-newspaper on September 16.
The severe economic blows from COVID-19 have forced scores of businesses to suspend operations and even file for bankruptcy, with real estate companies among the hardest hit.
The Central Bankruptcy Court of Thailand on September 14 approved a request for a debt restructuring plan of Thai Airways International Plc, the nation’s flagship carrier, which has been hit hard by the COVID-19.
The repatriation of Vietnamese workers from abroad due to health reasons, expired labour contracts, occupational accidents, or pregnancies faces numerous difficulties.
The relapse of SARS-CoV-2 in Vietnam has affected not only small but also bigtravel businesses. Experts have held that digital solutions are among the ways out for enterprises.
Though the COVID-19 pandemic may linger into the end of 2020, the property market will bounce back soon and develop strongly in 2021 and 2022 thanks to the Government’s resolve and timely action, according to Savills Vietnam Managing Director Neil MacGregor.
The Ministry of Planning and Investment (MPI) will prepare a report on the efficiency of existing and new policies and support packages for businesses amid the COVID-19 pandemic, to determine the most suitable for application in the short and long terms, Minister of Planning and Investment Nguyen Chi Dung has said.
Enterprises in the real estate sector issued some 45.59 trillion VND (around 2 billion USD) worth of bonds in the first half of this year, equal to 80 percent of the figure in 2019 as a whole.
The International Finance Corporation (IFC) – a member of the World Bank Group – has signed an agreement to provide another 40 million USD for the Orient Commercial Bank (OCB) to help it with the support of COVID-hit clients, especially small and medium enterprises (SMEs).
Secretary of Ho Chi Minh City’s Party Committee Nguyen Thien Nhan has told municipal agencies to help local businesses affected by the COVID-19 pandemic maintain production and avoid bankruptcy.
Politics
