ASSESSING THE IMPACT OF COVID-19 ON EMPLOYER ENTERPRISES AND PROPOSING SOLUTIONS ON POLICY AND LAW
PDF/A

How to Cite

Mong Diep, D., Dao Mai Khanh, N., Van Nhung, N., & The Dong, D. (2022). ASSESSING THE IMPACT OF COVID-19 ON EMPLOYER ENTERPRISES AND PROPOSING SOLUTIONS ON POLICY AND LAW. Lex Humana (ISSN 2175-0947), 14(1), 21–38. Retrieved from https://seer.ucp.br/seer/index.php/LexHumana/article/view/2139

Abstract

 The COVID-19 pandemic has had a great impact on all socio-economic sectors of a country, including the issue of corporate labor. This is considered as the core content that directly affects the existence and development of an enterprise, especially when labor relations are “frozen” during the outbreaks. In this article, we contribute an important topic about the impact of the covid 19 pandemic on businesses and evaluate the legal policy system to support businesses to overcome hardship. First, we analyze the content of limitations and obstacles that enterprises practically confront such as the maintenance of production and business activities; problems of enterprises owed wages to employees, and difficulties in paying bank interest. Second, we assess the current status of the legal policy system on credit, tax, fee, and charge; the issue that enterprises have the right to suspend the payment of social insurance premiums for employees; the matter of delaying the payment of union dues of businesses and the problem of loan support to pay salaries for employees. Third, we offer solutions and recommendations to improve the law, enhance effectively the support for businesses to overcome hindrances in the context of the Covid 19 pandemic.

PDF/A

References

Arthur. H, Christos. M, Mark. B, Marcos. M, Zhishan. G. (2020). International Journal of Hospitality Management, Volume 91, October, 2020, https://doi.org/10.1016/j.ijhm.2021.103012.

Assefa, M., Yadavilli, J. (2020). Financial supporting mode for small businesses to coup with COVID-19 lockdown restrictions. Journal of Emerging Technologies and Innovative Research, 7(10). https://www.jetir.org/papers/JETIR2010058.pdf

Bruce, D., Liu, X., Murray, M. N. (2015). State tax policy and entrepreneurship. National Tax Journal, 68(3), 803–837. https://www.jstor.org/stable/44015340

Cui W., Hicks J., Norton M. 2020. “How Well-Targeted are Payroll Tax Cuts as a Response to COVID-19? Evidence from China.” Technical report, SSRN.

Chuong, P. H. (2020). Impact of the COVID-19 pandemic on Vietnam's economy, National Economics University Publishing House

Dat, P. T. (2021). Financial policies to support vietnamese enterprises during COVID-19 pandemic, Journal of finance – Marketing, Vol. 65, No. 5, DOI: https://doi.org/10.52932/jfm.vi65.202

Goverment. (2020). Resolution No. 154/NQ-CP dated October 19, 2020 amending and supplementing Resolution No. 42/NQ-CP dated April 09, 2020 Assistance for people affected by COVID-19 pandemic.

Goverment. (2020). Resolution No. 42/NQ-CP dated April 09, 2020 Assistance for people affected by COVID-19 pandemic;

Goverment. (2020). Resolution No. 84/NQ-CP dated May 29, 2020 on tasks and solutions for dealing with difficulties in business operations, promoting disbursement of public investment and ensruring social order and safety during COVID-19 pandemic.

Guerrieri V., Lorenzoni G., Straub L., Werning I.(2020). “Implications of COVID-19: Can Negative Supply Shocks Cause Demand Shortages.” Technical report, NBER.

Ha, N. H. & Ngan, N. T. B. (2020). Impact of COVID-19 on Vietnamese enterprises and solutions to develop Vietnamese enterprises in the coming time, Scientific Conference "Contemporary issues in the field of Economics and Law: From theory to practice", Agriculture Publishing House.

https://doi.org/10.1016/j.resglo.2020.100018

Le, H. B. H., Loan, N. T., Thanh, N. C., Bich, P. T. T. , Binh, L. T. (2020). Policy related factors affecting the survival and development of SMEs in the context of Covid 19 pandemic; DOI: 10.5267/j.msl.2020.6.025.

Ministry of Education and Training, National Economics University. (2020). Report assessing the impact of covid 19 on the economy and policy recommendations

Ministry of Labor, War Invalids and Social Affairs; Labor market update, (2020). http://molisa.gov.vn/Upload/ThiTruong/LMU-So27-Q32020-final.pdf

Ministry of Labor, War Invalids and Social Affairs; Labor market update. (2020). http://molisa.gov.vn/Pages/solieu/thitruonglaodong.aspx

Minyahil, A. (2021). Business Perspective and Research, COVID-19 Lockdown Restrictions and Small Business Survival Strategy: Government Supporting Schemes, https://doi.org/10.1177/22785337211045182

Minh, K. (2021). Bridging the gap from policy to enforcement; https://nhandan.com.vn/tin-tuc-kinh-te/thu-hep-khoang-cach-tu-chinh-sach-den-thuc-thi-630478/.

Minh, P. (2021). Narrowing the gap in business support from policy to implementation;https://dangcongsan.vn/kinh-te/thu-hep-khoang-cach-ho-tro-doanh-nghiep-tu-chinh-sach-den-thuc-thi569480.html.

Mohsin, S., Junrong, L.,Wenju, R. (2020). Research in Globalization, December 2020, 100018, Impact of COVID-19 pandemic on micro, small, and medium-sized Enterprises operating in Pakistan;

Nam, K. (2020a). Supporting businesses to overcome the COVID-19 pandemic: Many barriers; https://www.tienphong.vn/kinh-te/ho-tro-doanh-nghiep-vuot-qua-dai-dich-covid19-nhieu-rao-can-1761317.tpo; accessed on 8/1/2020.

Nam, K. (2020b). Nearly 80% of businesses have not been able to access support packages due to the COVID-19 epidemic; https://www.tienphong.vn/kinh-te/gan-80-doanh-nghiep-chua-tiep-can-duoc-cac-goi-ho-tro-do-dich-covid19-1761032.tpo

National Assembly of the Socialist Republic of Vietnam. (2020). Resolution no. 124/2020/QH14 dated November 11, 2020 socio-economic development plan in 2021;

National Assembly of the Socialist Republic of Vietnam. (2020). Resolution No. 42/NQ-CP dated April 09, 2020 assistance for people affected by COVID-19 pandemic; and many other legal documents governing this content.

National Economics University. (2020). The report assesses the impact of Covid 19 on the economy and policy recommen-dations. Ha Noi. Viet Nam. Retrieved 10th April, 2020 from http://trungtamwto.vn/download/19344/bao-cao-danh-gia-tac-dong-COVID-19-den-nen-kinh-te.pdf

Prime Minister. (2020). Decision 15/2020/QD-TTg dated April 24, 2020 regulating the implementation of policies to support people facing difficulties due to the COVID-19 pandemic;

Prime Minister. (2020). Decision No. 22/2020/QD-TTg dated August 10, 2020 on reduction in land rents of 2020 for those influenced by COVID-19 pandemic in accordance with the government’s resolution No. 84/NQ-CP dated may 29, 2020; Goverment. 2017. Decree No. 123/2017/ND-CP amendments to certain articles of decrees on collection of land levy, land rent and water surface rent;

Prime Minister. (2020). Decision No. 32/2020/QD-TTg dated October 19, 2020 amendments to decision No. 15/2020/QD-TTG dated april 24, 2020 of the prime minister on implementation of remediating policies for people facing difficulties due to COVID-19 pandemic;

Prime Minister. (2020). Directive No. 11/CT-TTG dated march 4, 2020 urgent objectives and solutions for assisting businesses facing difficulties and assurance of social welfare amid COVID-19 pandemic;

Qiu, W., Rutherford, S., Mao, A., Chu, C. (2017). The pandemic and its impacts. Health, Culture and Society, 9, 1–11. https://doi.org/10.5195/hcs.2017.221

Quynh, L. T. D. (2021). National portal on business registration, https://dangkytinhdoanh.gov.vn/vn/tin-tuc/599/5326/bao-cao-tac-dong-cua- dich-COVID-19-doi-elephant-business-nghiep-viet-nam.aspx

Razumovskaia E., Yuzvovich L., Kniazeva E., Klimenko M., Shelyakin V. The Effectiveness of Russian Government Policy to Support SMEs in the COVID-19 Pandemic. Journal of Open Innovation: Technology, Market, and Complexity. 2020; 6(4):160. https://doi.org/10.3390/joitmc6040160

Shaun, S. W., Jing, R. G., Didier, S., He, W., Esther, Y. Y.. (2021). Government support for SMEs in response to COVID-19: theoretical model using Wang transform; China Finance Review International

Tatiana, D., Federico, H., Mauricio, L., Sergio, L.S.(2021). Financing firms in hibernation during the COVID-19 pandemic, Journal of Financial Stability Volume 53, April 2021, 100837, https://doi.org/10.1016/j.jfs.2020.100837

Tran, T. D. (2020). The impact of the COVID-19 pandemic on the Vietnamese economy and coping solutions, Journal of Economics and Development, 274, 14-22

World Trade Organaization (WTO) . (2020). Helpening MSMES navigate the COVID-19crisis. https://www.wto.org/english/tratop_e/covid19_e/msmes_report

Xavier, C., Marcio, C., Elwyn, D., Arti, G., Leonardo, I., Jose, Ernesto, L. C., Denis, M., Franklin, O. M., Gaurav, N., Santiago, R. O. (2021). Policies to Support Businesses through the COVID-19 Shock: A Firm Level Perspective; The World Bank Research Observer, Volume 36, Issue 1, February 2021, Pages 41–66, https://doi.org/10.1093/wbro/lkab001

Zou, P., Huo, D. & Li, M. (2020). The impact of the COVID-19 pandemic on firms: a survey in Guangdong Province, China. glob health res policy 5, 41 (2020). https://doi.org/10.1186/s41256-020-00166-z

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Copyright (c) 2022 Lex Humana (ISSN 2175-0947)

Downloads

Download data is not yet available.