About 16,000 businesses are not included in the Ministry of Finance’s support package on tax and land rent.
Da Nang City and Quang Nam Province – two key economic driving forces for the central region – have both suffered sharp reductions in growth in the first quarter due to the impacts of the COVID-19 pandemic.
Nguyen Thanh Phong, chairman of HCM City’s People’s Committee, has signed a decision to form a working group to support businesses facing problems amid the COVID-19 pandemic.
German companies are understandably concerned about the effects of coronavirus on their business in Vietnam but remain optimistic with 72 per cent of German companies intending to keep investing in Vietnam, according to the AHK World Business Outlook Survey.
In 2020, raising public investment disbursement is the only way to lessen the pain of economic growth.
With decade-low first-quarter growth, the fast and furious spread of the coronavirus pandemic has prompted high-profile international organisations to revise down their forecasts on Vietnam’s 2020 economic growth which, however, remains far more optimistic than those of regional economies.
Nineteen State-owned groups and corporations under the Commission for the Management of State Capital at Enterprises (CMSC) incurred losses worth more than VND3.7 trillion (US$160 million) in the first quarter of this year due to the impacts of the COVID-19 pandemic.
Leading melamine maker Thailand's Srithai Superware Plc is pushing its investment in Viet Nam, Vietnam News Agency reported.
In a worst economic growth scenario with the COVID-19 pandemic continuing to impact the city until the year's end, Ha Noi expects a growth rate of 5.35 per cent, below its previously set target of 7.5 per cent.