return icon

Vietnam allocates over US$15 billion for Covid-19 fight in 2020-2021

Since 2020, Vietnam has faced four outbreaks of Covid-19, for which the government has mobilized resources to help businesses and people overcome the impacts of the pandemic.

The Vietnamese Government has allocated over VND351 trillion (US$15.1 billion) and 142,000 tons of rice for localities in the fight against the Covid-19 pandemic during the 2020-2021 period.

A quarantine zone in Hanoi during the fourth outbreak last year. Source: MoH

The State Audit of Vietnam (SAV) revealed the figures in a report submitted to the National Assembly.

According to the agency, since 2020, Vietnam has faced four Covid-19 outbreaks, for which the Government has mobilized resources to aid businesses and people in overcoming the pandemic impacts.

In line with financial support, the Government also offered tax relief worth a combined VND183 trillion ($7.9 billion) for the business community.

The State Bank of Vietnam (SBV), the country’s central bank, has instructed banks and credit institutions to write off debts and restructure debt payments worth over VND91.4 trillion ($4 billion) for nearly 470,000 customers.

Banks have also forgone profit of VND37 trillion ($1.6 billion) by cutting interest rates for customers and waiving transaction costs for businesses and people conducting online payments for a total of VND2.3 trillion ($100 million).

In 2020, the Government issued Resolution No.42 on economic recovery and granting welfare, for which social vulnerable groups received a total of VND14 trillion ($604 million) in cash support.

Such a policy was extended until 2021 under resolution No.68 with a support amount of VND14 trillion. - Hanoi Times

In 2021, Hanoi’s authorities have provided financial support worth VND6.6 trillion ($285 million) for 5.35 million people suffering the Covid-19 impacts. Hanoi along with Ho Chi Minh City was among those hardest hit by the fourth outbreak last year. 

Source: Hanoi Times


Fashion shows to spread quintessence of Vietnamese culture and heritage

The series is the brainchild of former supermodel Ha Vy and director Hoang Cong Cuong, who is the mastermind of several big events in Vietnam including the opening ceremony of the Southeast Asian Games (SEA Games) 31 in Hanoi in May.

Low-carbon rice production helps Vietnam meet emission target

Rice, which is Vietnam’s most important crop and grown on more than half of its agricultural land area, accounts for 48 per cent of the agriculture sector’s GHG emissions and over 75 per cent of methane emissions.


Number of air passengers down 14% in September

Vietnam needs highly skilled labour force to compete

The vocational training system of Vietnam needs reforming to create highly-skilled human resources that meet the requirements of the labour market in increasingly integrated international market, experts said.

Lengthy visa process a setback for FDI firms

The visa process does not always go smoothly. Sometimes, it moves so slowly that some specialists cannot enter Vietnam on schedule, leading to production disruptions.

Petrol and oil price stabilisation fund requires thorough appraisal

The Government needs to carefully evaluate the effectiveness of the petrol and oil price stabilisation fund in keeping the commodity’s retail prices stable before deciding to maintain or eliminate the tool, experts said.

Embedded finance the next big thing: summit

Embedded finance is the next big thing in the financial services industry as it has integrated seamlessly into the local fintech landscape in recent years, experts said at a meeting last Friday in HCM City.

Entertainment and cultural events of the week (September 26-October 2)

Upcoming entertainment and cultural events in Vietnam's major cities on September 26-October 2.


PM orders urgent measures against Storm Noru

Beauties wow in traditional costume contest at Miss Grand Vietnam

Vietnamese beauties boasted of their charm in a traditional costume segment of the ongoing Miss Grand Vietnam 2022 taking place on September 23.

State Bank’ rate hike necessary to defend VND, control inflation: ADB Country Director

ADB Country Director Andrew Jeffries has talked on the recent interest rate hike by the State Bank of Vietnam in the context of the Fed, ECB and a number of countries raising their rates to curb inflation.

Prop-tech has potential but faces challenges

Many prop-tech startups are facing challenges, though it is a new market with potential in Vietnam.

Prime Minister asked to stabilise rice price

India's restriction on rice exports is said to have an impact on the volume and price of Vietnamese rice exports.

Vietnamese artworks to go under the hammer in France

The auction’s highlight is Les Rapides de Cho Bo, a six-panel lacquer screen with gold highlights, painted in 1942 by Le Quoc Loc. The artwork is estimated to fetch €400,000 ($396,000), the highest price of the lot.

A pearl in mountainous province

Referred to as the “Halong Bay of the northwest region”, Nong Dung Lake has recently been attracting tourists as an ecotourism destination due to its emerald water and poetic scenery.