Từ khóa: #SUPPORT

(SGI) - Minister of Foreign Affairs Bui Thanh Son met with officials of Brazil, France, the European Commission (EC), and Canada on the sidelines of the Organisation for Economic Cooperation Development (OECD) Ministerial Council Meeting 2023 in Paris on June 8.

(SGI) - The current dire situation where several domestic enterprises are planning to suspend business operations, and with some even willing to close altogether is indeed a serious cause for great concern. The number of businesses exiting the market each month is now continuing to rise.

(SGI) - All throughout 2022, Vietnamese enterprises faced endless frustration and disappointment in trying to access loans with preferential interest rates and exhausted their attempts to seek extension of support policies such as for VAT reduction.

(SGI) - As per Decree 31/2022/ND-CP of the Government and Circular 03/2022/TT-NHNN of the State Bank of Vietnam, the VND 40,000 bln interest rate support package from the state budget is expected to help businesses access cheap capital to recover in the post-pandemic phase.

(SGI) - Most businesses that are in need of capital in the current economic scenario expect a regulatory adjustment, as most of them are facing extreme difficulties in running their entire operations.

(SGI) - The State Bank of Vietnam has announced adjustment of credit limit for 2022 for fifteen commercial banks by 1% to 4%, and at the same time requested banks to step up disbursement of the 2% interest rate support package as per Decree 31/2022/ND-CP. 

NGUYỄN MINH THẢO, Head of the Business Environment and Competitiveness Research Department, at the Central Institute for Economic Management (CIEM), believes that businesses are looking forward to the non-financial support package called reform of the business environment. In a talk with Saigon Investment, Dr. Thảo expressed her views further. 

(SGI) - Many people have complaints against the Law on Personal Income Tax (PIT) since it was introduced in 2001. 

(SGI) - The prices of most essential items have been constantly escalating over the years, but the provisions on family deductions in the Law on Personal Income Tax have remained unchanged since July 2020. 

Although Decree 31/2022/ND-CP of the State Government offers support to businesses, cooperatives, and business householders at 2% interest rate when borrowing from commercial banks, there is still a strict criterion in place. Decree 31 is a lifesaver for businesses and individuals to recover production back to normal, but the interest rate is not favorable for everyone.

(SGI) - A high level of transparency is essential in the implementation of the Socio-Economic Development and Recovery Program, and many issues need to be prioritized by the Government to ensure its success. 

Việt Nam has fulfilled its role as a non-permanent member of the United Nations Security Council for the 2020-21 tenure with concrete actions to solve conflicts, protect civilians and support vulnerable groups, especially women and children, Minister of Foreign Affairs Bùi Thanh Sơn announced at a press briefing on Monday in Hà Nội.

(SGI) - The worldwide spread of the Covid-19 pandemic has created extremely serious conditions across the globe. Many countries are now being compelled to use fiscal policy aggressively in order to support businesses and their populations. In the past, monetary policy has also been used in coordination with fiscal policy to help economies from falling into a recession. This could apply for Vietnam as well.

(SGI) - Economic recovery now needs resources to build support packages, but it is also important to determine how to use these resources effectively. 

(SGI) - The Ministry of Planning and Investment has just submitted to the Government a program for economic recovery and development after the Covid-19 pandemic. The scale of the program calls for a package of VND 800,000 billion, about 10% of the GDP, and 3.5 times higher than the 2021 support package. 

Vietnamese Prime Minister Phạm Minh Chính has called on countries to make strong commitments to reduce greenhouse emissions on the basis of common responsibility that suit their conditions and capacity, adding that there should be fairness and justice in climate change issues.

Vietnam welcomes the US Government’s strong commitment and practical actions to strengthen its cooperation with and support for Mekong countries, notably the donation of millions of doses of vaccines and many medical equipment serving COVID-19 prevention and control in the region, said a Vietnamese official.

Up to 88 per cent of households across Việt Nam suffered due to the COVID-19 pandemic with those working in the tourism, service and manufacturing sectors the most severely affected.

Technology has not only helped to connect hospitals together but also linked doctors with those need advice, and disadvantaged people with those who can assist them in a bid to drive back the COVID-19 pandemic together.

The Vietnam General Confederation of Labour (VGCL) has proposed spending up to VNĐ89 trillion (US$3.91 billion) from the unemployment insurance fund to support labourers strongly affected by the COVID-19 pandemic.