Article - Resolution 105/NQ-CP to support firms in COVID-19 times

On 09 September, honorably invited by the Prime Minister of Vietnam, Mr. Nguyen Hai Minh, Partner at Mazars Vietnam and Vice-Chairman at The European Chamber of Commerce (EuroCham), led the business delegation attended a high-level meeting to discuss ongoing challenges of covid-19, via both physical presence in Hanoi and online.

September, 2021

As a representative of European business in Vietnam, he shared the latest survey on European businesses’ challenges as well as recommendations toward the Government of Vietnam on various areas: supply chain disruption, entry of expatriates, business opening conditions, administrative procedures, and supporting policies. He also has actively advocated for recovering, developing the production and business activities of enterprises, cooperatives, and business households in association with ensuring the safety in the prevention and control of COVID-19. The requests have been considered and implemented, on the same day with resolved certain areas in the Resolution No. 105/NQ-CP.

Photo: the European Chamber of Commerce (Eurocham)

According to Minh, the Resolution seemed quite progressive and meet the actual demand. While the fourth COVID-19 wave is affecting many areas of the economy, it’s necessary to consider reopening activities for Vietnam, especially business hubs flanked by industrialised provinces. In long-term, the Government aims to move towards living with COVID-19, evaluate and deploy a combination of the following interventions to support economic recovery.

At the end of the meeting, Mr. Minh handed the EuroCham’s Whitebook 2021 to the Prime Minister.

Photo: the European Chamber of Commerce (Eurocham)

Nguyen Hai Minh is Partner in charge of Business Advisory Services at Mazars Vietnam, an international, integrated and independent organisation, specialising in audit, accounting, tax and advisory services. Mazars can also help businesses to mitigate risks, address business issues related to tax, customs, cash flows, import – export… and optimise enterprises’ performance.

Please contact us if you would like to discuss how this Resolution may apply to you, and planning techniques to manage tax exposures.

Read the full article here: EuroCham Conveys the Voice of European Businesses in Vietnam to the Prime Minister