Up to 87.2% of businesses were negatively affected by COVID-19 in 2020, data announced by the Vietnam Chamber of Commerce and Industry (VCCI) in collaboration with the World Bank (WB) on the morning of December 12. 3.

Report on the impact of the COVID-19 epidemic on Vietnamese businesses, conducted by VCCI in collaboration with the World Bank, emphasized that the COVID-19 pandemic has had a serious impact on production and business activities of businesses.

Of the 8,633 domestic private enterprises participating in the survey, 87.1% of businesses said they were negatively affected, 11% of businesses were not affected, and 2% of businesses operated positively.

Due to the impact of the COVID-19 epidemic, 35% of domestic private enterprises and 22% of FDI enterprises said they had to lay off workers due to the decline in business. The number of employees forced to quit is approximately 30% of the total number of employees working at the enterprise.

Most businesses want the Government to continue implementing solutions to support businesses affected by the epidemic, extending corporate income tax exemption and reduction policies, tax deferrals, tax payment extensions, and reduced tax extensions. Pay social insurance and union fees in 2021 and 2022.