Support

Many fees and taxes will be waived for businesses and people affected by the pandemic in the remainder of the year.

In the first nine months of 2021, Hanoi attracted US$922 million in FDI, ranking among the top five localities in Vietnam.

The Covi-19 pandemic has not prevented the rise in the bilateral relationship, which has been fortified with a focus on mutual support in pandemic response and economic cooperation.

A group of 16 commercial banks, accounting for 75% of total outstanding loans, has committed to foregoing around VND20.6 trillion ($906.3 million) in waiving and lowering interest rates for customers in the remainder of the year.

This is a contribution from Germany towards the Vietnamese vaccination campaign.

The success of foreign investors is the success of Vietnam, Prime Minister Pham Minh Chinh has said.

Businesses are now allowed to self-conduct the Covid-19 test, while localities have the authorization to decide when to resume economic activities.

The move is set to be applicable to all debts incurred before August 1, 2021, instead of the previous timeline of June 10, 2020.

The move is welcomed by transportation firms as it helps them keep business afloat throughout this difficult period.

The total amount of fiscal supports in the forms of waiving and reducing taxes, fees, or land rental fees from 2020 to date has reached a total of VND118 trillion ($5.18 billion).