Vietnam Gov’t approves proposal on tax cuts for businesses
The support program is set to take effect in 2021.
The support program is set to take effect in 2021.
Workers forced to take unpaid leave from 15 days to below one month would receive VND1.85 million ($80.4) per person, and VND3.71 million ($161.23) if taking an unpaid leave of over one month.
Firms remained optimistic overall that output will increase over the coming year.
A healthy relationship between enterprises and the press would facilitate socio-economic growth.
Supporting policies are needed to stabilize the labor market and pursue the country's twin goal, Prime Minister Pham Minh Chinh has said.
Along with drastic measures against the pandemic, Hanoi has been working on measures to facilitate economic recovery.
Although the pandemic has negatively affected most businesses in Vietnam, many have demonstrated a high capacity to rebound after the lifting of the nationwide lockdown at end of April 2020, said a World Bank’s expert.
The minister urged greater efforts from businesses in combating violations against customers’ rights.
The top priority at this time is ensuring social security, keeping the macroeconomic environment stable, and supporting businesses that are still in operation.
It seems a call from the central bank for credit institutions to forego their profits in 2020 to aid customers and businesses affected by the pandemic have not been effectively implemented.