Nearly 74 percent of firms to go bankrupt if epidemic lingers: survey
If the epidemic of the acute respiratory disease caused by the SARS-CoV-2 (COVID-19) lasts for more than six months, it may cause up to 73.8 percent of the firms to go bankrupt, a recent survey finds.
Hanoi (VNA) – If the epidemic of the acuterespiratory disease caused by the SARS-CoV-2 (COVID-19) lasts for more than sixmonths, it may cause up to 73.8 percent of the firms to go bankrupt, a recentsurvey finds.
The findings of the survey, conducted with the participationof more than 1,200 firms from March 2-3, were recently released by thecommission on the study on the private economic development under the advisorycouncil on administrative procedure reform of the Prime Minister. Threequarters of the firms surveyed are of a small scale, each employing less than100 workhands.
Up to 98.2 percent of the firms said they are undergoingnegative impact of the epidemic, while only 9.2 percent said the impact wouldbe light on them.
It is also noteworthy that 19 percent of the firms said theyhave found out any measure to sustain the negative impact, while 7.2 percentsaid they will actively search for new markets, 2.4 percent raise service quality,and 1.7 percent to take this time to retrain their workers.
The survey also finds that the firms totally support andhighly value the measures taken by authorities in the fight against theepidemic to ensure safety for the people.
The firms raise three proposals to the government to helpthem ease the difficulties caused by the epidemic, namely working out exclusivepreferential policies for firms heavily affected in terms of taxes, providing concessionalloans and reducing loan interests./.
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Domestic wood processing enterprises are urged to use more online commercial channels to find new markets and customers, especially during the COVID-19 epidemic.
Samsung Electronics Co. on March 6 said it will temporarily move some of its smartphone production to Vietnam, after shutting down a local factory following a positive coronavirus test there, according to the Yonhap news agency of the Republic of Korea (RoK).
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
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Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
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Both sides expressed their hope that the outcomes of the discussion will continue to improve the efficiency of customs clearance activities at the customs clearance points and dedicated transport routes of the Huu Nghi – Youyi Guan international border gate pair.
The maximum retail price of E5 RON92 petrol has increased by 207 VND to 19,608 VND (0.75 USD) per litre while that of RON95-III rose by 234 VND to 20,074 VND per litre.
Illustrative image (Source: VNA)
