Vietnam Issues Resolution Supporting Businesses Affected by COVID-19: Resolution 105 | Dezan Shira & Associates

As done previously, the Vietnamese government has issued another law supporting businesses to overcome the effects of the pandemic. Resolution 105/NQ-CP was issued on September 9 and goes in effect on the date to support businesses, cooperatives, and household businesses affected by COVID-19.

Namely the Resolution aims to meet the dual goals of containing the pandemic and resuming business production and activities to spur economic growth. It also aims to support and resolve issues related to production, business operations, and reducing the number of businesses, which temporarily suspended production or that have gone bankrupt.

In addition, the Resolution looks at supporting enterprises in the form of credit support, tax extensions along with policies to support employers and employees. One of the most significant development is the easing of regulations for issuing, extending, and certification of work permits for foreign workers in Vietnam.

Businesses have welcomed the new Resolution particularly on the easing of regulations of work permits and experience for foreign workers as these will ease challenges for foreign hires and employers alike. Businesses that want to hire foreigners should ensure they are fully aware of hiring regulations and make preparations accordingly.

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