SMEs struggle to access credit support package Business

SMEs struggle to access credit support package

Small- and medium-sized enterprises (SMEs) are finding it difficult to access the Government's credit package worth 250 trillion VND (10.7 billion USD) to support those affected by the COVID-19 pandemic because of a lack of trust in their ability to repay.
Wood export turnover grows 16 percent in Q1 Business

Wood export turnover grows 16 percent in Q1

Vietnam's export value of wood and wooden products reached 2.7 billion USD in the first quarter of 2020, representing a year-on-year increase of over 16 percent, according to the Ministry of Agriculture and Rural Development.
Wood industry facing losses due to COVID-19 Business

Wood industry facing losses due to COVID-19

The wood industry is facing a ‘disaster’ with many businesses left without orders from now until 2021 due to the COVID-19 pandemic, said the Vietnam Timber and Forest Product Association (VTFPA).
COVID-19 affects Vietnam’s automotive industry Business

COVID-19 affects Vietnam’s automotive industry

The spread of the COVID-19 pandemic in almost all countries and territories worldwide is likely to force automobile manufacturing and assembly firms in Vietnam to scale down operations and even close their factories.
Real estate firms calls for Government support Business

Real estate firms calls for Government support

The Ho Chi Minh City Real Estate Association (HoREA) has urged the Government to add the property industry to the list of those affected by the COVID-19 outbreak and are eligible for a five-month postponement of value-added tax and land-use fee payments.
Deputy PM requests continued trade amid nCoV fight Business

Deputy PM requests continued trade amid nCoV fight

Deputy Prime Minister Vuong Dinh Hue has asked for the continuation of trade with China amid tightened control of activities at border gates and border crossings to fight the acute respiratory disease caused by the 2019 novel coronavirus (2019-nCoV).