Ho Chi Minh City’s Department of Industry and Trade will for the first time in several years allow businesses to offer promotions of up to 100 percent in June and July to boost demand that has taken a hit from the COVID-19 pandemic.
The Vietnam Chamber of Commerce and Industry (VCCI) said on May 27 it is actively promoting the dissemination of the EU-Vietnam Free Trade Agreement (EVFTA) among the country’s business community, helping them grasp opportunities and access incentives when the deal is implemented.
Businesses are grappling with post-Covid-19 human resource problem as the Covid-19 has caused significant damaging impact on enterprises and offices alike throughout the country and human resource has been emerging as one of challenges.
Businesses in HCMC are allowed normal operation as long as they have an effective safety plan against Covid-19 for their employees in compliance with Direction No.16/CT-TTg and orders for pandemic prevention by the Ministry of Health, said Chairman of Ho Chi Minh City (HCMC) People’s Committee Nguyen Thanh Phong yesterday in his Covid-19 inspection tour to large corporations in the city.
Improving labour productivity is vital for Vietnamese businesses in the context of the Fourth Industrial Revolution (Industry 4.0), with rapid increases in digitalisation, robotisation and intelligent automation, experts said.
The Ho Chi Minh City Insurance agency proposed police investigators to issue criminal charge on 33 business owners who have not paid social insurance for laborers though they still collected laborers’ monthly social insurance premiums.
From November 8, 2019, business establishments are entitled to ask for a loan of VND2 billion (US$86,030) according to the government’s decree 74/2019 on employment supporting polices and the national fund.
Minister of Science and Technology Chu Ngoc Anh affirmed in the press conference of this ministry for the first quarter of 2019 yesterday that the adjustment of several national policies has signaled enterprises are considered as the focus in the innovation process.