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HCM City businesses eager to resume, but regulation, worker availability worries linger 8,537 new COVID-19 cases recorded in Việt Nam on Friday Việt Nam successfully produces Sputnik V vaccine HCM City to shut some COVID field hospitals as patient numbers dwindle amid home treatment 7.3 million people in HCM City to receive COVID relief Representative of the Kiên Giang Labour Federation give food to poor residents in Bình An Commune, Châu Thành District. — VNA/VNS Photo Lê Huy Hải HÀ NỘI — 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. The information was released on Friday in two reports by the United Nations Development Programme (UNDP) assessing of the impact of the pandemic, and the Government's support packages for those hit the hardest. The reports said that COVID-19 caused heavy losses to the economy and … [Read more...] about 88 per cent of Vietnamese households negatively affected by COVID-19

Illustrative image (Photo: VNA) Hanoi (VNA) – The Government have issued a host of preferential policies for businesses operating in supporting industries over the past time. However, their beneficiaries have said it is difficult for them to access incentives and support from these policies. In June 2021, the Prime Minister has issued a decree supplementing a previous one on corporate income tax incentives for supporting industry projects. Accordingly, beneficiaries include enterprises having investment projects implemented before January 1, 2015 on manufacturing supporting industry products on a list of those prioritised for development. In 2020, the Government issued a resolution on solutions to the development of supporting industries, which set out specific goals for the sector by 2025 and 2030 as well as financial and credit incentives for enterprises involved. In 2015, a decree on developing supporting industries was issued, offering support policy for … [Read more...] about Support industry development policy need to be part of life

Customs clearance time for exports shortens The average duration for customs clearance for exports last year stood at 38.4 hours, a decline by 57.38 hours compared to 2019, according to a survey of an inter-sectoral working group. The cost for such procedures averaged 338 USD, falling 81.72 USD against 2019. Meanwhile, the time for imports was 54.8 hours, a drop of 48.88 hours. Total cost for the procedures hit 313.17 USD, plunging 256.41 USD. Document digitalisation is among important reasons that help businesses save time and costs for customs clearance for cross-border trade. The deployment of the Vietnam Automated System for Seaport Customs Management (VASSCM) also facilitates port-related activities. According to the General Department of Vietnam Customs, import and export documents in 2020 amounted to 6.75 million and 6.98 million, respectively. Trading across borders indicator set is part of the World Bank’s annual Doing Business rankings since 2001. The set … [Read more...] about VIETNAM BUSINESS NEWS SEPTEMBER 24