Business News

The forthcoming tax amendment on interest expense cap is slated to be beneficial for 1,000 companies adopting parent-subsidiary business models, with reimbursement worth nearly VND5 trillion ($217.4 million).

Vietnamese Prime Minister Nguyen Xuan Phuc has highlighted the need to stay vigilant and uphold best practices while cautiously implementing measures to restart the economy in a new directive on measures to prevent and control the novel coronavirus disease (COVID-19) epidemic in the new context.

The Food Safety Management Authority of Ho Chi Minh City (FSMA) issued the list on Thursday and required owners of catering businesses to strictly follow the guidelines in order to qualify for operating during the new phase of social distancing.

Karaoke parlors, bars, cinemas, and Internet cafés are among businesses that remain closed in HCMC despite a relaxation of certain Covid-19-related restrictions.

Ha Noi authorities have eased social distancing rule from 0:00 am on April 23, except for Me Linh and Thuong Tin Districts where COVID-19 infection cases have been detected recently and still remain highly risky areas.

Restrictions on public transport have been loosened since April 23 as Viet Nam moves to gradually ease social distancing rules, according to an announcement of the Ministry of Transport.

Vietnam stops social distancing restrictions in several high-risk localities such as Hanoi and Ho Chi Minh City from today (April 23), allowing certain, but not all, non-essential businesses to reopen while state agencies were cautioned to remain vigilant.