VOV.VN - The informal sector has long played a vital role in Vietnam’s economy, but it remains a “gray zone”, difficult to regulate and lacking policy support. Experts believe that with the right measures to promote formalization, it could become a strong driver, enabling the private economy to emerge as a true pillar of national development.

VOV.VN - The volume of international searches being made for Vietnamese tourism in August continued to record a sharp increase, according to the Vietnam National Administration of Tourism (VNAT).

VOV.VN - The policy of living safely alongside the COVID-19 pandemic, coupled with rapid vaccination and fiscal policy support, are expected to help the domestic economy to recover, according to the latest Vietnam Macro Monitoring report released by the World Bank (WB).

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.

The State Bank of Vietnam (SBV) is consulting on a draft circular for incentive policies to support firms with access to bank loans to overcome difficulties in the COVID-19 pandemic.

Without a more effective business support package, the country’s goal of 6.5% in gross domestic product (GDP) growth for this year will be hard to be achieved as the GDP growth in the first six months of 2021 is forecast to reach only 5.8%, according to experts.