Ho Chi Minh City is set to roll out a second COVID-19 aid package worth 12 trillion VND (517 million USD) exclusively for small and medium-sized enterprises (SMEs).

Phan Duc Hieu, deputy director-general of the Central Institute for Economic Management under the Ministry of Planning and Investment, talks about young Vietnamese enterprises’ need for Government support.

Professor, Doctor Pham The Anh talks on the proposal to reduce 30 per cent of income tax for all Vietnamese amid the pandemic.

Dao Quang Vinh, former Director-General of the Institute of Labour, Science and Social Affairs talks on whether Vietnam should launch a second package to help people affected by Covid-19 pandemic.

Amid numerous difficulties, slow-paced implementation of government-led policies to assist enterprises hit by the health crisis are leaving many businesses in the lurch, making it hard to boost local production, a key driver of  economic growth.

Authorized by the prime minister, Minister of Finance Dinh Tien Dung on June 11 submitted a draft resolution to the National Assembly (NA) to offer a 30% corporate income tax cut for small businesses and cooperatives in 2020.

The Government has introduced a range of new measures to support businesses affected by the COVID-19 pandemic, according to its Resolution No. 84.

The Ministry of Agriculture and Rural Development (MARD) has recently proposed an aid package worth 515.3 billion VND (22 million USD) to deal with drought and saltwater intrusion in 2020.

The Ministry of Information and Communications (MoIT) has proposed the Prime Minister consider support for businesses involved in information – communications and press activities.

The People’s Council of HCM City has approved a financial support package worth US$116.55 million to prevent and control the spread of COVID-19 and to support employees affected by the pandemic.

The largest government economic stimulus in US history is approved, despite a last-minute row.