Want to be in the loop?
subscribe to
our notification
Business News
HCMC SHOULD NOT BEGIN SOCIAL DISTANCING NOW: PM
At an online meeting between the Government and localities on August 2, Prime Minister Nguyen Xuan Phuc lauded HCMC’s decision to suspend some non-essential business activities, but observed that it is unnecessary to impose the social distancing rule in the city now.
Chairing the meeting, PM Phuc noted that localities should drastically lock down Covid-19-hit areas and places and adopt social distancing measures to effectively ward off the coronavirus while boosting economic growth, VnExpress news site reported.
However, the prime minister stated that it is necessary to consider where and how social distancing measures are applied rather than issuing the social distancing order in all localities across the country.
Phuc said he had told the HCMC chairman on the phone on August 1 that suspending karaoke services was the right decision but there was no need yet to apply the social distancing rule in the city.
Other localities should not issue the social distancing order if they have yet to map out detailed plans, especially when no Covid-19 outbreak emerges in the localities, so that businesses are not plunged into stagnancy, PM Phuc said.
The prime minister also told some localities, which have yet to adopt social distancing in line with Directive 16, to ensure production and that business activities run smoothly to push up the country’s economy.
It is necessary to carefully consider all steps before imposing the social distancing rule, he noted, adding that localities should not exaggerate the situation.
Apart from this, the prime minister said the second Covid-19 wave is expected to quickly spread to many localities if it is not contained effectively. As such, every resident will act as a soldier while every house, village, hamlet and town will be a stronghold for the fight against the virus.
The Government leader asked residents to continue wearing face masks, washing hands with sanitizer, not gathering in crowds and not going out for non-essential purposes, Phap Luat Online reported.
He also tasked the ministries of National Defense and Public Security and the provincial and municipal governments with tightening control over immigration to prevent illegal entry.
In response to Danang Chairman Huynh Duc Tho’s report saying that over 400 tourists, mainly from Hanoi and HCMC, are still stranded in the city, the prime minister agreed to support the city with vehicles to transport them home.
Source: The Saigon Times
Related News
CHW30200 LUGGAGE – THE IDEAL TRAVEL COMPANION FOR MODERN JOURNEYS
• Compact & practical design – easy to carry on any trip• Optimized storage space – keep your belongings organized and efficient• Durable construction – enhanced protection for your essentials on the go
OKTOBERFEST VIETNAM 2026 RETURNS @ WINDSOR PLAZA HOTEL
Save up to 25% until 31 August 2026! For 30+ Tickets, contact Hotline for exclusive offers. From 23 - 26 September 2026, don't miss your chance to immerse yourself in the vibrant atmosphere of Oktoberfest Vietnam - one of Saigon's most anticipated celebration of German culture, cuisine and music. Inbox us to secure your ticket or contact.
THE REVERIE SAIGON’S MOONCAKE COLLECTION 2026 - THE MOONLIT BLOSSOMS
Inspired by the autumn full moon, blooming Osmanthus, and vibrant Peonies, The Reverie Saigon presents The Moonlit Blossoms collection, featuring three exquisite masterpieces that celebrate harmony, prosperity, and the joy of reunion. Discover more & Place your order: https://www.thereveriesaigondining.com/mooncake-collection-2026
GOV’T PROPOSES REDUCING INCOME TAX BY 30% FOR BUSINESS WITH REVENUE OF VND10 BLN
The Government is preparing to submit to the National Assembly a proposal to reduce income tax by 30 percent in the 2026–2027 period for business households, individuals, and enterprises with annual revenue up to VND 10 billion (US$381,621). The Government also proposes a 30 percent reduction in personal income tax for micro-enterprises with annual revenues of up to VND 10 billion in 2026 and 2027.
HÀ NỘI SEEKS NEW GENERATION OF FDI TO POWER TECH, INNOVATION-LED GROWTH
After more than three decades as one of Việt Nam's leading destinations for foreign investment, Hà Nội is entering a new phase, shifting its focus from attracting capital in volume to drawing technology-intensive investment that can help transform the capital into a regional hub for research, innovation and high-tech industries.
BANK COUPON RATE HITS RECORD HIGH OF 10% PER YEAR
Amid surging demand for capital, commercial banks have been ramping up bond issuance, with rates reaching a record high of 10 per cent per year. Sacombank has recently announced the completion of three private bond placements in July, raising a total of VNĐ3.65 trillion (US$139 million) to raise medium- and long-term capital, strengthen financial capacity, enhance risk resilience and meet regulatory capital requirements.
























