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Vietnam approves $7.6 billion in tax breaks to support coronavirus-hit firms
The Government of Vietnam approved a plan to delay a tax collection worth VND180 trillion ($7.6 billion) and land rent to back enterprises hit by coronavirus, the government news portal said.
More than a million garment workers are out of work because of coronavirus
For many of the 4.1 million workers in Bangladesh’s garment industry, their income from stitching clothes for customers, which include some of the world’s largest fashion companies, can be critical to survival.
H&M comes to its garment suppliers’ rescue
Swedish retail giant H&M yesterday assured its garment suppliers of taking shipment of goods that have already been manufactured, much to the relief of some Bangladeshi exporters.
H&M Group to supply protective equipment for hospitals
To help tackle the widespread effects of the COVID-19 pandemic, H&M Group is now quickly arranging for its supply chain to produce personal protective equipment to be provided to hospitals and health care workers.
Vietnam posts larger trade surplus despite coronavirus fears
Vietnam recorded a larger trade surplus in the first two months of this year, despite the economy is suffering business slowdown from the coronavirus outbreak, according to customs data released on Wednesday.
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