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In the context that the production and business situation continues to be severely affected due to the latest outbreak of COVID-19, foreign-invested enterprises in Vietnam are looking to suspend or extend deadlines for payment of social insurance premiums, just as the Vietnamese government has reduced and exempted taxes since last year. ....
Pandemic woes add to ditched FIE rise 11:50 | 23/02/2021 The number of foreign investors fleeing from their responsibilities in Vietnam is likely to increase as more businesses go bankrupt due to the stretched economic effects of the pandemic. Enterprises that make popular products for export have been at risk of collapse due to restrictions. Photo: Le Toan On February 17, hundreds of workers of Chinaâs Delancey Street Furniture Vietnam Co., Ltd. in the southern province of Binh Duongâs Ben Cat district went to work as usual only to find that the company had shut down without notifying them. Nearly 350 workers became unemployed in an instant right after the national Lunar New Year holiday, following the companyâs dissolution decision. ....