Trade centers and shopping malls reopen after months of closure to prevent COVID-19.

Vietnam has about 7 to 8 million business people, who are managing 800,000 businesses, 25,000 cooperatives, and 5.2 million non-agricultural household traders. They are the key forces in economic development, job generation, social security, and poverty reduction. During the COVID-19 pandemic, they have made donations worth tens of millions of USD and helped the government run charity programs. 

Meeting representatives of 10,000 members of the Association of Young Vietnamese Entrepreneurs, in Ho Chi Minh City on Tuesday, President Nguyen Xuan Phuc commended their determination to overcome difficulties to rise up and respond to the Party and State’s call to help disadvantaged people and anti-pandemic forces. He highlighted the important role of entrepreneurs as a key momentum for national development.

At a meeting with outstanding businesspeople at the Government headquarters in Hanoi on Tuesday, Prime Minister Pham Minh Chinh asked for continued support for the nation andendeavor to surmount difficulties, fight the pandemic, and succeed.

“The valuable assets of the nation are great national unity and determination to conquer challenges to advance forward. We take it as momentum to make us stronger and better to build a more powerful and prosperous nation with happy people," Mr. Chinh said.

National Assembly Chairman Vuong Dinh Hue told a recent business meeting that the National Assembly Standing Committee has issued a resolution on incentive policies for poor people and employers affected by the COVID-19 pandemic

“Vietnamese businesses should study post-COVID trends and take advantage of opportunities. It’s necessary to have a comprehensive plan for economic recovery. The National Assembly’s first annual socio-economic forum will be held late this year or early next year to discuss these issues,” Mr. Hue said.

National Assembly Chairman Hue said the Party, State, National Assembly, and ministries have issued laws and policies to enable businesses to improve their competitiveness.