Businesses need loans without collateral and a simple procedure which allows them to access bank loans soon or they will die before they get the money.

A survey conducted by Vietnam Chamber of Commerce and Industry (VCCI) in September of nearly 3,000 businesses found that 93.9 percent have been affected by the pandemic at a ‘completely negative’ or ‘mostly negative’ level.

Many Vietnamese tycoons regret that the largest beer company in Vietnam, the Saigon Alcohol Beer and Beverage Joint Stock Corporation (Sabeco), has fallen into the hands of Thai investors.

The Covid-19 pandemic has accelerated digital transformation, forcing businesses to adapt quickly even though they are not ready for it.

The nation’s Free Trade Agreement (FTA) with the European Free Trade Association (EFTA) is likely to be completed later this year to coincide with the country celebrating the 50th anniversary of diplomatic relations with Switzerland.

Not only facing difficulties caused by the Covid-19 pandemic, small and medium enterprises (SMEs) in Vietnam will also face many information safety and data security risks this year.

Delivery firms and drivers are ‘burning candles at both ends’ as the number of orders during the pre-Tet sales season has soared.

With many small- and medium-sized enterprises having difficulties accessing financial resources to improve their capability, the Small- and Medium-sized Enterprises Development Fund is aiming to meet their greater financing needs.

The Government's 30% corporate income tax cut was a step in the right direction but it could have been more inclusive by offering support to small businesses that were in desperate need of cash due to the difficulties caused by the COVID-19 pandemic.

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).

Small and medium enterprises (SMEs) need capital to revive their production, but cannot access bank loans or receive support from local credit guarantee funds.

The majority of firms are looking to invest in technologies and employee’s skill development during the COVID-19 pandemic.

Covid-19 has given a strong push to the digital transformation process in the last half of the year. However, this remains out of reach of small and medium sized enterprises.

The COVID-19 pandemic has substantially reduced revenue for both household businesses (HBs) and micro, small and medium enterprises (MSMEs), 

EVFTA is expected to pave the way for Vietnam’s enterprises to exploit the EU market and its 500 million consumers and GDP of $18 trillion.

Deputy Minister of Industry and Trade Tran Quoc Khanh, speaking at a recent conference, expressed his concern about the indifference shown by many Vietnam’s enterprises to EVFTA (EU-Vietnam Free Trade Agreement).

Peer-to-peer (P2P) lending companies expect that the sandbox for fintech would eliminate unscrupulous businesses and help the market grow significantly.

The Vietnam Chamber of Commerce and Industry (VCCI) and the SME Support Japan organisation introduced J-GoodTech, a Japanese online business matching platform, to Vietnamese enterprises on June 19.

Despite the Covid-19 crisis, more private equity funds have been seeking ways to enter Vietnam as investors see bright prospects in the long term.

The Ministry of Finance has proposed that the Government reduce corporate income tax by 30% for small and micro enterprises in 2020 to help them overcome difficulties caused by the Covid-19 pandemic.