Such extension in delay of taxes and land rental fees payment is essential for the business community to continue its economic recovery process and ensure the realization of the 6.5% economic growth target in 2021.
Mobifone, Electricity Vietnam (EVN), and Viettel, three state-owned enterprises (SOEs) that represent three economic sectors of telecommunication, energy and defense industry, are selected to take part in the first stage of the project.
Hanoi eyes 10% annual growth of business creation, or 30,000 per year, while the SMEs would create 150,000 new jobs annually during the next five years.
Vietnam’s molding and precision engineering industries generate revenue of over US$1 billion per year with annual growth of 18%.
Local firms should be active in learning from their foreign partners to improve expertise and master new technologies, said an expert.
Vietnam's trade turnover is likely to have reached US$238.4 billion in the first half this year, down 2.1% year-on-year.
As the existing global supply chains have been disrupted by the Covid-19 pandemic, Prime Minister Nguyen Xuan Phuc hoped more Chinese investors would come to Vietnam and address this issue.
The Japanese government’s efforts to control the pandemic could see a soon resumption of tourism, investment and business activities between Japan and Vietnam.
Fitch Solutions’ deficit forecast is wider than the Ministry of Finance’s 5.0-5.1% deficit estimate.
Once the deal comes into force, it would create a new driving force for the comprehensive partnership between Vietnam and the EU.