Prime Minister Nguyen Xuan Phuc speaks at the meeting. (Photo: VNA)
Hanoi (VNA) – Prime Minister Nguyen Xuan Phuc has urges firms to preparescenarios to ensure they can continue operation in any circumstances.
Theleader made the suggestions at a meeting in Hanoi on March 12 withrepresentatives of private economic groups in tourism, services, aviation, foodand industry, to consult them on national economic development in the context ofthe COVID-19 epidemic spreading globally.
PMPhuc described the domestic business community as a bastion in the fightagainst diseases and social recession, and lauded their active role in jobgeneration and ensuring the macro economy.
Heexpressed his approval for the enterprises’ measures during this tough time,especially improving governance, restructuring, applying technology and expandinglinkage and cooperation.
ThePM also urged businesses to optimise opportunities generated by the EU-VietnamFree Trade Agreement (EVFTA) and the domestic market with a population ofnearly 100 million.
Heassigned localities to take synchronous measures in support of enterprises,particularly those hard hit by COVID-19, and pledged that the Government willset forth suitable mechanisms to assist sectors that are severely affected bythe epidemic, especially aviation, tourism and services.
Theparticipating businesspeople expressed their belief in the country’smacroeconomic stability as well as the Government’s resolve in completing thetwin targets of containing the COVID-19 outbreak and ensuring economicdevelopment.
HoNgoc Yen Phuong, Deputy General Director of Vietjet Air, proposed that theGovernment roll out supportive measures for the aviation sector, includingexempting import duty and environmental tax for jet fuel and reducing 50-70percent of aviation fees such as fees on take-off and landing and airportservices.
Shealso asked the Government to promote investment attraction in aviationinfrastructure.
Otherbusiness representatives suggested localities increase dialogues withenterprises to collect their ideas on disease combat, while helping them removedifficulties in business and production./.
The Asian Development Bank (ADB) announced on March 12 that it will shut down its headquarters in Manila, the Philippines for cleaning and disinfecting, after one of its visitors was tested positive for the novel coronavirus (SARS-CoV-2).
President of the Vietnam Fatherland Front (VFF) Central Committee Tran Thanh Man has stressed the importance of the engagement of the entire political system, especially the whole people, in the fight against COVID-19.
Hoi An city, a world heritage site, in the central province of Quang Nam will stop selling tickets for tours of its ancient and pedestrian streets starting from March 12 in an effort to prevent the SARS-CoV-2 from spreading.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
Prime Minister Nguyen Xuan Phuc speaks at the meeting. (Photo: VNA) 
