Ministry of finance

Vietnam suspended all lotteries for 15 days starting April 1 to contain the spread of the new coronavirus. While HCMC and some localities are looking for ways to assist lottery ticket vendors during the suspension, distributors like Tam are pulling from their own pockets. … [Read more...] about Lottery ticket vendors bet on distributor support during pandemic

According to the taxation authority, strong economic development in the last quarter of 2019 largely contributed to the positive revenue result in the first quarter this year. However, budget collection is showing signs of decreasing due to the rapid development of the COVID-19 outbreak. … [Read more...] about State budget revenue declines amid COVID-19 battle

Hanoi (VNA) - TC Motor has said that it will halt vehicle production in the northern province of Ninh Binh from April 1 to 15 over concerns of the COVID-19 pandemic. This makes TC Motor the third automaker in Vietnam to suspend operations, following Ford Vietnam and Toyota Motor Vietnam on March 26 and 30, respectively. A TC Motor representative said the car maker is working with State management and health agencies in all localities to keep a close watch on the situations to devise safety measures. Previously, TC Motor had introduced measures to maintain production and supply for customers amid complicated developments of the COVID-19 in the Republic of Korea, the main source of supply for many Huyndai models. The firm also asked most of its administrative employees to work from home and applied preventive measures for those who come to the workplace.  TC Motor pledged to ensure rights and benefits of employees during the suspension, and is ready to resume operation when the … [Read more...] about Another automaker in Vietnam halts operation

In a document assessing the pandemic’s impacts on the Vietnamese automotive industry sent to the ministries of industry and trade, finance, and transport, the Vietnam Automobile Manufacturers' Association (VAMA) said many spare part and vehicle manufacturers will be directly affected by countries’ decision to lockdown one or more areas and even the entire nation to deal with COVID-19. It's predicted that many enterprises will have to adjust their production plans, and even consider closing their factories temporarily until the pandemic is repelled. — VNS … [Read more...] about TC Motor halts operations

The decision was included in Directive 16 about urgent measures to prevent Covid-19 outbreak issued on March 31. Prime Minister Nguyen Xuan Phuc also ordered strict social distancing measures to be applied nation-wide from April 1. The number of confirmed Covid-19 cases in Vietnam is rising and the risk of community spread is very high. It is predicted that the virus will continue spreading at a higher rate. As a result, the PM has asked the Ministry of Transport and people's committees at all provinces and cities to halt all public transports in the area to prevent people from travelling. From April 1, border gates at Vietnam-Laos and Vietnam-Cambodia will be closed to travellers. People that arrive in Vietnam via the border will be quarantined for 14 days. The Ministry of Finance was asked to deal with problems in exporting face masks. Firms were asked to not promote or carry out Covid-19 related insurance packages. The Ministry of Industry and Trade and local authorities must … [Read more...] about Vietnam to close borders with Laos and Cambodia