The Ministry of Finance (MoF) is proposing a 30% reduction in the corporate income tax which enterprises must pay in 2021 in a draft resolution on budget collection solutions which is to be submitted to the National Assembly’s Standing Committee for approval.

Vietnam’s major telecom companies including Viettel, VNPT, Mobifone, CMC, FPT, Vietnamobile, and SCTV have announced a joint support package worth VND10 trillion (US$435 million) for consumers across the country.

More than 365,000 labourers, business households and traders in traditional markets in Ho Chi Minh City have benefited from COVID-19 support packages.

State President Nguyen Xuan Phuc visited and presented gifts to war invalids and sick soldiers in the northern province of Ha Nam on July 23, on the occasion of the 74th anniversary of Day of Invalids and Martyrs (July 27).

The programme to assist businesses in digital transformation for the 2021-2025 period of the Ministry of Planning and Investment and the USAID-funded Linkages for Small and Medium Enterprises (LinkSME) project have announced a support package to help enterprises promote digital transformation.

About 600 small and medium-sized enterprises (SMEs) in Vietnam will get support in applying technology solutions to improve labour productivity and their competitiveness as part of a project launched on July 22 by the World Bank (WB).

The Vietnam Bank for Social Policies has begun accepting applications from businesses for interest-free loans to fund furlough and salary payments, its deputy director Bui Van Son has said.

The Government should have more long-term policies and packages supporting and aiding businesses to recover from the impacts of COVID-19, Vietnam Chamber of Commerce and Industry (VCCI) has said.

Permanent Deputy Prime Minister Truong Hoa Binh visited and presented gifts to Cham ethnic people affected by the COVID-19 pandemic in Ho Chi Minh City’s district 8 on July 13.

Resolution No. 68/NQ-CP takes important steps towards expanding the coverage and effectiveness of Government relief packages in Vietnam by including new categories of workers to the beneficiaries of government support, and lowering the administrative burden imposed to beneficiaries.