VCCI launches website to support businesses amid pandemic

By Van Pham   December 8, 2020 | 11:00 pm PT
The Vietnam Chamber of Commerce and Industry (VCCI) launched a website on December 8 that targets forging strong business connections.

It provides information on current government support packages for businesses affected by Covid-19 by industry and location.

Businesses can report difficulties related to accessing the packages to both central and local authorities.

"We expect businesses, especially small and micro enterprises and households -- the most vulnerable group affected by Covid-19 -- to benefit from the website," a VCCI spokesperson said.

A VCCI survey on the impact of Covid-19 on businesses found that small and micro enterprises, businesses in agriculture and those situated in disadvantaged areas are most severely affected.

They make up around 90 percent of the country’s 800,000 active enterprises.

Due to resource constraints, this group often struggles to access government support policies, and is prevented from making use of opportunities to maintain production and run the business and report problems to authorities.

According to the Business Registration Department, in the first 11 months more than 44,440 enterprises suspended operations, 91.1 percent of them with capital of up to VND10 billion.

The number of enterprises seeking to close permanently is 30,213, 89.9 percent of them having capital of up to VND10 billion.

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