Resumption of economic activities as a result of effective Covid-19 containment has created room for strong rise in trade activities, stated the customs authorities.

With supporting policies from the government and the adoption of a more resilient operation strategy, the airline expects to start generating profit since 2023 and fully recover its accumulated losses by 2025.

The company sets a revenue target of over VND35 trillion (US$1.5 billion) in 2021, up 7% year-on-year, and pre-tax profit of VND2.3 trillion (US$99 million), or an increase of 13%.

As of December 15, the budget revenue collection reached VND1,307.4 trillion (US$56.67 billion), equivalent to 86.5% of the year's estimate.

Budget revenue, however, remains short of VND100 trillion (US$4.31 billion) to meet the year’s target with one month to go.

The majority of firms are looking to invest in technologies and employee’s skill development during the Covid-19 pandemic.

The tax cut would benefit businesses with revenue in 2020 of less than VND50 billion (US$2.16 million) and a workforce not exceeding 100 employees.

Fitch Solutions’ deficit forecast is wider than the Ministry of Finance’s 5.0-5.1% deficit estimate.

The city’s tourism industry saw a slight increase in number of tourists in May compared to April.