aid package

Update news aid package

With the gradual recovery in the confidence of the business community in the first two months of the year, continued support for enterprises is needed to help them stay afloat and weather the storm.

Aviation industry asks for VND27 trillion aid-package

The Vietnam Aviation Association is soliciting assistance from the Government.

Businesses go downhill, another bailout proposed

The Ministry of Planning and Investment (MPI) is considering asking the government to launch the second support package to help businesses stand firmly amid the Covid-19 pandemic.

Planning and Investment Ministry works to save local enterprises

The Ministry of Planning and Investment is about to submit to the Government for approval the second aid package for Covid-19 affected businesses.

Tourism firms pin high hopes over second aid package

Vietnamese tourism businesses have expressed hope over the second aid package provided by the Government to help them overcome the difficulties caused by the COVID-19 pandemic, 

What does the 'rescue' of Vietnam Airlines reveal?

The national airline of Vietnam finally saw "the light at the end of the tunnel" when the National Assembly agreed with the Government's proposal for solutions to help Vietnam Airlines overcome difficulties caused by the Covid-19 pandemic.

Ministry proposes loosened conditions for access to support package

Businesses and workers affected by the COVID-19 pandemic will likely have more opportunities to get access to the 62 trillion VND (2.6 billion USD) package, the first of its kind financed by the Government during the outbreak period.

HCM City unveils $517 million aid package for SMEs

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).

Institutional reforms needed to support enterprises' development

Phan Duc Hieu, deputy director-general of the Central Institute for Economic Management under the Ministry of Planning and Investment, talks about young Vietnamese enterprises’ need for Government support.

Income tax cut will help big businesses only: expert

Professor, Doctor Pham The Anh talks on the proposal to reduce 30 per cent of income tax for all Vietnamese amid the pandemic.

The US$2.7 billion package should be disbursed quickly

Dao Quang Vinh, former Director-General of the Institute of Labour, Science and Social Affairs talks on whether Vietnam should launch a second package to help people affected by Covid-19 pandemic.

 

HCM City devises two scenarios to revive tourism

Ho Chi Minh City’s Department of Tourism has mapped out two scenarios to kick-start the tourism market post-COVID-19.

Vietnamese business bemoans support conditions

Amid numerous difficulties, slow-paced implementation of government-led policies to assist enterprises hit by the health crisis are leaving many businesses in the lurch, making it hard to boost local production, a key driver of  economic growth.

Gov’t proposes reducing income tax by 30% for small firms

Authorized by the prime minister, Minister of Finance Dinh Tien Dung on June 11 submitted a draft resolution to the National Assembly (NA) to offer a 30% corporate income tax cut for small businesses and cooperatives in 2020.

 

VN Gov’t steps up measures to support Coronavirus-affected businesses

The Government has introduced a range of new measures to support businesses affected by the COVID-19 pandemic, according to its Resolution No. 84.

Ministry proposes US$22mil. to deal with salinity, drought

The Ministry of Agriculture and Rural Development (MARD) has recently proposed an aid package worth 515.3 billion VND (22 million USD) to deal with drought and saltwater intrusion in 2020.

Ministry proposes support for communications firms, press agencies

The Ministry of Information and Communications (MoIT) has proposed the Prime Minister consider support for businesses involved in information – communications and press activities.

HCM City approves $116m package to help workers affected by COVID-19 pandemic

The People’s Council of HCM City has approved a financial support package worth US$116.55 million to prevent and control the spread of COVID-19 and to support employees affected by the pandemic.

 

Coronavirus: US Senate passes $2tn disaster aid bill

The largest government economic stimulus in US history is approved, despite a last-minute row.