support package

Update news support package

VND40-trillion aid package sees few takers

A VND40-trillion aid package with an interest rate discount of two percentage points for businesses has been disbursed far slower than expected since its launch almost one and a half years ago, according to the Ministry of Planning and Investment.

Over VND100,000 billion in taxes proposed for extension

The Ministry of Finance is seeking feedback on a draft Government decree on the rescheduling of payments of value added tax (VAT), corporate income tax (CIT) and land rent amounting to over VND100,000 billion.

Vietnamese Gov’t cuts taxes, fees worth US$9.4 billion in 2022

The cut is necessary to help citizens weather inflation and support socioeconomic recovery.

Temporary interest rate package requiring second look

The reach of the 2% lending-rate-support policy has been lower than expected after banks applied common credit standards to businesses that wanted to benefit from the scheme – leading to both sides asking for more assistance.

State Audit of Vietnam to audit VND350 trillion aid package

The State Audit of Vietnam (SAV) will audit a relief package worth some VND350 trillion for the country’s economic recovery and development in 2023.

2% interest rate subsidy package remains inaccessible, say enterprises

Many enterprises complain that they cannot access the 2 percent interest rate subsidy package, and banks are not keen on the program because of complicated procedures.

Interest subsidy package and tourism development receive VND18.5 trillion

The prime minister has decided to provide extra funding to the tourism development fund and the preferential credit package access to soft loans with an interest rate discount of two percentage points.

Bottlenecks to slow down loan disbursement

A financial aid package with an interest rate discount of 2 percentage points for businesses has been disbursed far slower than expected.

New principles deployed for policy funding

The government is boosting the implementation of a gigantic package on supporting enterprises and people to achieve a new growth goal, with a plan to source sufficient funding for the policy.

Leaders urged to kick on with disbursement

Slow implementation of the national fiscal and monetary initiative is expected to dent economic growth, with legislators urging the government to soon review the policy to provide further assistance for enterprises and people.

60,000 enterprises suspend operations: a warning

Behind the good news that in the first quarter of 2022, for the first time in history, the number of newly registered businesses in a month exceeded 15,000, there were still worries about the "health" of many others.

Government extends deadline for tax, land lease payments in 2022

Deputy Prime Minister Le Minh Khai has signed a decree on extending the deadline for value-added tax, corporate income tax, personal income tax and land lease payments in 2022.

Finance Ministry plans to extend enterprises’ tax payments

The tax payment extension, which is not expected to reduce state budget revenue, will help enterprises have capital for production and business.

Economic stimulus package must go to the right addresses: economists

Commenting about the mega economic stimulus package, economists said the money should not be delivered equally to everyone, but should go to the right addresses.

Budgetary tweaks put economy on good foot

Despite impairments in the economy and business revenues, Vietnam has decided to increase its budget deficit this year and next year in order to ensure state budget spending for the country.

VND350 trillion economic recovery package: workers can borrow money to buy, rent houses

An economic recovery package worth VND350 trillion, the largest package so far, to be disbursed in 2022 and 2023, offers many supportive measures. Workers experiencing difficulties can borrow money to buy or rent social housing.

“Non-financial" solution a contributory factor to improving business environment

The COVID-19 pandemic has caused local firms to face an array of risks, with there being a large and possible long-lasting vulnerability for them.

Firms failing to reduce VAT to face sanctions

Enterprises which deliberately delay the reduction of the value added tax (VAT) from 10% to 8% will face heavy sanctions, according to the General Department of Taxation.

Recovery programme will support business and long-term national development

Minister of Planning and Investment Nguyen Chi Dung talks about the key objectives and priorities of Vietnam socio-economic recovery programme for 2022. 

Workers in IPs, EPZs to get housing rental support for three months

A support package worth 6.6 trillion VND (290.4 million USD) will be spent on providing housing rental subsidies for labourers who are working in industrial parks (IPs), export processing zones (EPZs) and key economic regions.