Vietnam gov't urged to scale up support programs for businesses post Covid-19
While a number of supporting packages are in place, only a small proportion of enterprises have actually benefited from the policy.
While a number of supporting packages are in place, only a small proportion of enterprises have actually benefited from the policy.
The relief package is estimated at VND180 trillion (US$7.63 billion).
The package, which is specified in a draft decree, is set to become effective immediately upon the approval of Prime Minister Nguyen Xuan Phuc.
The majority of enterprises taking part in the survey are focusing on the domestic market.
As impacts of the Covid-19 pandemic are growing, the figure represents a six-fold increase from the initial proposal of VND30 trillion (US$1.27 billion).
If the Covid-19 pandemic lingers, people’s welfare should be prioritized over short-term economic profits, said Prime Minister Nguyen Xuan Phuc.
The Ministry of Finance expects to expand the scope of the support to a wider public.