bailout

Update news bailout

The online forum "The press accompanies businesses to restore production and business, overcome the impact of the pandemic" to mark Vietnam Entrepreneurs' Day on October 13.

Vietnam Airlines incurs huge overdue debt of VND13.3 trillion

The total overdue debt incurred by Vietnam Airlines (VNA) has reached VND11.338 trillion. The airline still cannot pay for aircraft leasing, fuel, engine repair and flight services to its foreign partners.

VN is like a living organism that mustn’t be cut apart because of pandemic

How to organize social distancing while still ensuring uninterrupted production and goods circulation is uppermost in agencies' thoughts.

Pandemic-hit workers anxiously wait for aid

According to statistics of the Ministry of Labor, Invalids and Social Affairs, up to 12.8 million Vietnamese people aged 15 and older were negatively affected by the Covid-19 epidemic in the second quarter of 2021.

Support for businesses vital for economic recovery

During the current ongoing Covid-19 pandemic, it is of utmost importance that government authorities introduce policies that provide maximum support to keep businesses afloat, and sustain the economy as well.

Vietnamese Government launched $1.14b support package to help COVID-19 hit workers

The Government has just issued Resolution No 68 on a number of policies to support employees and employers facing difficulties due to the COVID-19 pandemic, worth a total of VNĐ26 trillion (US$1.13 billion).

Fees reduced to ease difficulties caused by COVID-19

The Ministry of Finance has continued to cut a number of charges and fees to support and remove difficulties caused by the COVID-19 pandemic for businesses and individuals.

Deputy PM says tourism firms need support amid pandemic

On Monday, Deputy Prime Minister Vu Duc Dam directed ministries and sectors to promptly reduce difficulties for tourism businesses affected by the COVID-19 pandemic.

Second COVID-19 support package proposed

The Ministry of Labour, War Invalids and Social Affairs (MOLISA) is collecting opinions from ministries and agencies to complete a draft resolution on policies to support labourers and businesses impacted by the COVID-19 pandemic.

Ministry takes action to save local airlines

The Ministry of Planning and Investment (MPI) proposed plenty of solutions aiming to save airlines from bankruptcy.

Government urged to require universal Covid-prevention regulations in all provinces

The Government should develop nationwide universal regulations on Covid-19 prevention and control, and provinces and cities should not be allowed to arbitrarily apply anti-epidemic measures on their own, officials have proposed.

Multitude of options on table for further tax interventions

With the current outbreak still not entirely controlled, the government stands at a complicated crossroads as it needs to choose between further state budget security and continued support for the business community.

Government devises next aid package

The government will soon promulgate a new financial and technical solution aimed to assisting domestic production and business activities in order to recover economic growth.

Businesses look forward to state bailout after fourth Covid outbreak

Businesses have once again shouted for help as they are coming closer to bankruptcy because of the fourth Covid-19 outbreak.

Owners of idle tourist boats in Halong Bay seek PM’s help

Owners of more than 500 tourist boats in Halong Bay in Quang Ninh Province are on the verge of bankruptcy as their tourist boats have been lying idle for over a year due to Covid-19, so they have turned to the prime minister for help.

Four lockdowns within 18 months have hit businesses hard

In the last 18 months, lockdowns and social distancing have been imposed on four occasions. As a result, many enterprises have had to reinvest or restart business because of disrupted production chains during the social distancing periods.

 

Businesses lose customers, run out of money, lay off workers

Poor sales, supply chain disruptions, revenue decreases and personnel cuts have all occurred to enterprises amid the Covid-19 pandemic.

Iron and steel exports witness big leap

During the opening two months of the year, iron and steel exports have enjoyed a stellar growth rate of 71.9% compared to the same period from last year, with major domestic firms such as Hoa Phat and Hoa Sen exporting large shipments.

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.

Covid-19 tests resilience of Vietnam’s businesses

Despite difficulties caused by Covid-19, many Vietnamese businesses have been able to survive and develop.