Many businesses are planning to reduce the number of employees on their payroll in the next few months.
The COVID-19 pandemic is a huge challenge for businesses irrespective of sector and size in all regions and countries, including Vietnam.
Capital city-based businesses on Thursday asked for specific tax policies from local authorities as they struggle with the economic downturn caused by COVID-19.
The new regulations on social distancing will for sure have an added impact on some businesses, however, it is necessary to view the full picture in assessing the impact.
VietinBank and Agribank will provide credit packages worth 60 trillion VND ($2.5 million) and 100 trillion VND respectively to support customers amid the COVID-19 pandemic.
Many businesses have been forced to give workers time off work, especially at weekends due to reduced demand caused by the novel coronavirus (COVID-19).
PM Nguyen Xuan Phuc has called upon every citizen, especially businesspeople and overseas Vietnamese, to strengthen solidarity and make greater contributions to help the country overcome difficulties in the fight against COVID-19.
Production activities of several businesses in the central coastal city of Da Nang have suffered disruption due to the nCoV epidemic, with enterprises that have transactions with the Chinese market being the worst affected.
Up to 93 percent of the businesses from the Republic of Korea (RoK) are satisfied with their investments in Vietnam, according to a recent survey conducted by the Korea Trade and Investment Promotion Agency (KOTRA).
Businesses and experts are still concerned over the impact on production of overtime hours that are not increased for seasonal jobs.
Vietnam, with its highly open economy, is facing many risks from the US-China trade war which has not shown any sign of easing, experts said at a workshop in HCM City on June 25 on the impacts of the trade war.