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Update news small and medium-sized enterprises
The Government needs to do more to revive the business sector, Dr Tran Hung Son, Deputy Director of the Institute for Development and Research in Banking Technology under the Vietnam National University-HCM City has said.
Seventy-one percent of enterprises in the hospitality industry responding to a recent survey said their revenue in the first quarter of 2020 fell more than 30 percent against the same period last year because of the COVID-19 pandemic.
A national conference between the Prime Minister and enterprises is to be organised soon to identify ways to address the difficulties facing businesses and facilitating their operations amid the COVID-19 outbreak.
Prime Minister Nguyen Xuan Phuc has stated that the Government will create more favourable conditions for small and medium-sized enterprises (SMEs), which now account for 90 percent of the total in the country.
Co-working space provider WeWork is expanding in Vietnam by opening two more offices in Ho Chi Minh City.
VietNamNet Bridge – Weighing domestic and global trends, the World Bank has predicted that Vietnam’s economy is likely to grow at a moderate rate of around 5.3% in 2013 and edge up 5.4% in 2014.
VietNamNet Bridge – Inflation will remain a threat to the economy and consumers next year even though it is restrained relatively well in 2012.