Acknowledging the pandemic is hindering Vietnam from increasing its role in the supply chain, Sitkoff said he still sees Vietnam attracting investment. He pointed to Vietnam’s best-in-Asia growth performance of 2.9 percent last year.

Illustrative image.

AmCham hopes anti-Covid-19 policies are the least disruptive to business as possible as firms look for ways to smooth deliveries leading into the critical year-end holiday season, he added.

Though several international organisations have lower their forecast for Vietnam’s growth, they retain a positive outlook on its recovery prospects.

"Beyond the near-term challenges, Vietnam’s medium-term economic prospects remain favourable," analysts at Australia & New Zealand Banking Group Ltd (ANZ) said in a recent note.

ANZ analysts said in the ANZ Vietnam Activity Tracker said the structural factors that made Vietnam an attractive investment destination as a manufacturing hub remain intact.

There is also ample room for policy support to nurture economic recovery further, they stressed.

However, they warned about downside risks to the bank’s 5.2% full-year 2021 growth forecast for the country.

Andreas Stoffers, country director of the Friedrich Naumann Foundation (FNF) in Vietnam, said that Vietnam's economic figures for the first half of 2021 are not too bad, with its consumer price index (CPI) of 1.46% still under control.

He expressed his belief that Vietnam will overcome the crisis as it did in 2020.

Businesses regain growth momentum

(BGO) - Over the past two months, with the support of authorities at all levels and relevant agencies, businesses in Bac Giang province have made great efforts to overcome difficulties due to the impact of the Covid-19 epidemic to restore production and business, returning to the new normal. To date, all enterprises inside and outside the industrial parks have resumed operations, with industrial production value growing quite well.

Effective "four safes" model in businesses

(BGO) - To prevent and control the Covid-19 pandemic in the new situation, the principle of "four safes" under Directive 11, dated July 28, 2021, of the Chairperson of the provincial People's Committee has been thoroughly realised by authorities at all levels and sectors, thereby helping businesses stay safe from the epidemic, and restore production and business.

PM orders law revision to solve difficulties in investment, business

Prime Minister Pham Minh Chinh has sent a dispatch to several ministers, ordering a revision of laws to address difficulties in investment and business amidst complex developments of the Covid-19 pandemic.

Bac Giang defers tax payments to over 900 businesses

(BGO) - Implementing Government’s Resolution No. 52/2021/ND-CP on April 19, 2021, the Taxation Department in Bac Giang province popularized to local businesses about payment period extension for value added tax, business income tax, individual income tax and land lease fees.

Boarding houses await… businesses

(BGO) – Learning from the Covid-19 epidemic prevention and control process over the past time, Bac Giang province has directed authorities of Viet Yen district to build a model of "safe boarding house" - dormitory for workers in industrial parks (IPs). 

Source: NDO/VNA