Covid-19

Update news Covid-19

Vietnamese fear loss of strong local brands

Businesspeople have called on the government to take measures to control foreign capital and prevent foreign investors from acquiring local strong brands and Vietnamese enterprises in important business fields.

Coronavirus: Beijing tightens controls amid spike in local cases

The Chinese capital has seen 100 new locally transmitted coronavirus cases, the WHO says.

Senior economist projects "swoosh-shaped" recovery for Vietnam

It won’t be a V-shaped recovery, but a swoosh-shaped recovery like Nike’s logo: the economy will go down and then bounce back beginning in 2021, according to BIDV’s chief economist Can Van Luc.

Hundreds of Chinese experts granted permission to enter Vietnam for work

The Vietnamese Government has officially permitted 331 Chinese experts, business managers, and highly-skilled workers to enter and work in the country, according to a statement released by the Government Office.

New strategy needed for coming FDI wave

There is a new FDI capital flow heading for Southeast Asian countries, but analysts say it is not easy for Vietnam to grab the opportunities.

Vietnamese traders have difficulty to maintain retail spaces

Experts have forecast a tough time ahead for the domestic retail, with many store owners struggling to pay rent after being hit hard by the COVID-19 pandemic.

Vietnam's IZs expand in anticipation of new FDI wave

Developing IZs is seen as a profitable business at this time as many foreign investors are leaving China and heading for Vietnam.

Vietnam considers specific investment incentives to attract FDI

Under the draft law, financial incentives would be given in three fields – corporate income tax, import/export tax; finance and land; and accelerated depreciation.

More investors join Vietnamese stock market, cash flows in

As many as 102,000 trading accounts opened in the last months, showing the attractiveness of the stock market.

Vietnamese big firms adjust business plans because of Covid-19

Under pressure from investors, annual business plans are rarely changed at large enterprises. But things may be different this year.

Vietnam to encourage construction of cheap apartments

The State of Vietnam will employ policies to encourage the development of cheap commercial houses to remove difficulties for the real estate market and enterprises due to the COVID-19 pandemic.

Vietnam's resort property market to remain stagnant in H2

The luxury resort real estate business is expected to continue sliding in the coming months because the number of foreign travelers to Vietnam has yet to recover.

Employee recruitment in Vietnam to pick up strongly post-COVID

Worker demand is expected to soar after COVID-19. Businesses will expand recruitment activities as they need workers to revive production and grab opportunities from investors' relocation moves.

Most severe Covid-19 patient in Vietnam shows impressive recovery

Patient 91, British pilot Stephen Cameron who has been hospitalized in Vietnam since contracting COVID-19 in March has made further improvements.

Vietnam seeks to break out of COVID-19 tourist trap: Bloomberg

Leading business and financial website Bloomberg of the United States has recently published an article highlighting the strong rebound made to the nation’s domestic tourism industry, a model that is suitable for the rest of the world to follow.

One new imported COVID-19 case recorded on June 13

Vietnam reported one new imported COVID-19 case on June 13 evening, bringing the total number of infections nationwide to 334, according to the National Steering Committee for COVID-19 Prevention and Control.

Earnings key for Vietnamese firms to enjoy tax cut: deputies

The new proposal on tax cuts for local firms should focus on changes of earnings, not personnel, so it benefits the worst-hit companies during COVID-19, National Assembly (NA) deputies said on Thursday.

Economists warn of stagflation because of COVID-19

Vietnam needs to keep inflation and interest rates at low levels, stabilize the exchange rate, accelerate public investments, and improve the investment environment, economists say.

Speedier recovery up ahead for some

Industrial and residential properties could be the sectors grasping the most upcoming attention in the real estate market of Vietnam, Indonesia, and the Philippines – three of the ASEAN’s fastest-growing economies.

Delayed BOT projects threaten to disrupt future power supply

A series of build-operate-transfer power projects are lagging behind set schedules by as much as a year due to the global pandemic, threading concern into the power supply issue in the coming time.