Micro- and small-sized enterprises and those in business for less than three years were the most affected by the COVID-19 pandemic, according to a report on the pandemic’s impact on businesses in Vietnam.

Private enterprises do not need money but institutional support to enjoy a stable and safe business environment, bringing them equality and respect.

The Vietnamese Ministry of Industry and Trade is actively implementing a lot of supporting industry development programmes, given the great importance of supporting industries.

Chairman of the Vietnam Chamber of Commerce and Industry Vu Tien Loc, as Chairman of the East Asia Business Council (EABC) in 2020, recently handed over the EABC Chair to Hak-hee Jo, Executive Managing Director of the Korea International Trade Association.

VOV.VN - The Vietnam Business Forum (VBF) themed "Challenges and Opportunities in the new normal" 2020 kicked off on December 22 in Hanoi with proposals being put forward regarding various solutions and initiatives for local businesses to recover and develop faster in the period following the (COVID-19) pandemic.

The Vietnam Chamber of Commerce and Industry (VCCI), in cooperation with the UN Development Programme (UNDP), organised a policy forum entitled “Supporting small and medium enterprises impacted by COVID-19: Narrowing the gap from policy to implementation”, in Hanoi on December 8.

Institutional reform, deeper integration and digital transformation are important for Vietnam to recover the economy, which has been battered by the COVID-19 pandemic, President of Vietnam Chamber of Commerce and Industry (VCCI) Vu Tien Loc said on November 24.

VOV.VN - The Vietnam Business Summit 2020 themed “Digitized Vietnam: Toward Resilient Responsive and Sustainable Development” opened in Hanoi on November 12 with a focus on the development of smart logistics services and co-operation in high-tech development.

Vietnam needs to have a law on the supporting industry to aid its development, according to the chairman of the Vietnam Chamber of Commerce and Industry (VCCI).

VOV.VN - Vietnam has become the 27th largest export market and 16th largest trading partner of the United States, while two-way trade turnover has increased by nearly 170 times from a figure of US$450 million in 1994, to approximately US$76 billion in 2019.