The Ministry of Planning and Investment is in the process of reviewing and amending Government Decree 68 on the development roadmap of the industrial sector 2016-2025 and development strategy for textiles and footwear. In the meantime, measures have been taken to aid domestic businesses, boost demand and mitigate the adverse effects of the COVID-19 pandemic. Since the initial outbreak of the novel coronavirus, a large number of Việt Nam's industries have been hit hard as raw material supply was severely disrupted due to strict measures imposed to limit the spread of the virus.  As of recently, however, the bigger problem is how to find markets for Vietnamese products as the industries have slowly regained their production capacity. In order to find new markets, the ministry has been working closely with trade agencies. It has also recommended the Government to reduce business fees and extend deadlines for business taxes, all done to encourage and help businesses get on their feet sooner. In addition, the Ministry of Finance has been working on a plan to offer a slew of tax incentives for support industry businesses. The plan would allow businesses with investment to build or expand production capacities finished before 2015 to benefit from corporate income tax incentives for a duration of five years until the end of 2020

Support policy for affected businesses by Covid-19

1. 10% discount of retail electricity price for manufacturing and trading industries

Specifically, for the electricity retail price for the manufacturing and business sectors: 10% reduction of the retail price of electricity specified in Decision 648 / QD-BCT dated March 20, 2019 in the peak hour, hour normal and off-peak hours.
Customers who are tourist accommodation establishments (in accordance with the Law on Tourism 2017 and relevant legal documents): Reduce the electricity price from the retail price of electricity applied to the business to the retail price. Electricity is applied to manufacturing industries after price cuts.
For the wholesale price of electricity in rural areas, the wholesale price of electricity in the residential areas, residential clusters, the wholesale price of electricity for commercial - service - daily complexes, 10% reduction of the wholesale price of electricity for levels 1 to level 4 of the cost of living; reduce 10% of electricity wholesale for other purposes in Decision 648 / QD-BCT.
2. Capital support

Accordingly, the Government assigns the State Bank of Vietnam to direct credit institutions to balance, fully and promptly meet the capital needs for production and business, accelerate administrative procedure reform, withdraw short time to review loan applications, improve customers' accessibility to loans; to promptly apply supportive measures such as rescheduling the loan repayment term, considering loan interest exemption or reduction, keeping the debt group, reducing fees ... for customers facing difficulties due to the impact of Covid-19.
3. Tax support

Tax Offices exend payment time for the enterprises that are affected by Covid 19. 

4. Suspension of payment of social insurance premiums into the retirement and death fund

Accordingly, the employer is entitled to suspend payment to the retirement and survivorship allowance fund in one of the following cases:

- Suspension of production and business for 01 month or more due to difficulties in changing structure or technology or due to economic crisis or recession or implementation of State policies upon economic restructuring or implementation of international commitments;

Difficulty caused by natural disasters, fires, epidemics, crop failure.

5. Delayed time of payment of trade union fees

Accordingly, it is agreed for production and business enterprises affected by the Covid-19 epidemic to delay the time of payment of trade union fees in the first 6 months of 2020 to June 30, 2020.
Enterprises affected by the Covid-19 epidemic are those with the number of employees participating in social insurance that must temporarily quit their job from 50% of the total number of employees who are subject to compulsory social insurance or more. If after this point, Covid-19 translation has not decreased and the enterprise continues to face difficulties, the time shall be delayed until December 31, 2020.

6. To exempt or reduce interests and fees according to the credit institution's internal regulations
Accordingly, credit institutions, foreign banks' branches decide the exemption or reduction of interest and fees according to internal regulations for the outstanding balance arising from credit granting activities (except for the purchase and investment of corporate bonds) for to customers that: 

- The obligation to repay the principal and / or interest is due for a period from January 23, 2020 to the date immediately following 03 months from the date the Prime Minister announces the end of the Covid-19 epidemic; and 

- Customers are unable to repay their principal and / or interest on time under the signed contracts or agreements due to the decline in revenue and income due to the impact of Covid-19 

7. To borrow money to pay off work wages for the employees
Accordingly, the employer has financial difficulties and has paid at least 50% of the work stoppage salary to the employee in accordance with Clause 3, Article 98 of the 2012 Labor Code during the period from April to June. In 2020, they can borrow without collateral up to 50% of the regional minimum salary for each employee according to the actual wage payment period but not more than 3 months with 0% interest rate, the maximum loan term of 12 months at the Social Policy Bank to pay the remainder of the salary and disburse monthly direct payments to people who are laid off.