Covid-19

Update news Covid-19

ASEAN Economic Ministers agree not to create more technical barriers

Minister of Industry and Trade Tran Tuan Anh informed the press on the outcomes of two special virtual meetings of ASEAN on responding to the COVID-19 pandemic that Vietnam hosted on June 4, as Chair of the ASEAN in 2020.

ASEAN+3 Economic Ministers adopt joint statement on COVID-19 response

Economic ministers from ASEAN member nations and the three partners of China, Japan, and the Republic of Korea (known as ASEAN+3) adopted a joint statement on June 4 on mitigating the economic impact of COVID-19.

Over five million employees lose jobs due to COVID-19

Multiple businesses in Vietnam suspended or scaled down their operations, and over five million employees nationwide lost their jobs in the first five months of 2020 as a result of the coronavirus pandemic, 

data.org issues an open call for $10m inclusive growth and recovery challenge

data.org, a platform for data science partnerships, issued an open call for breakthrough ideas that harness the power of data science to help people and communities rebound and remain resilient in the wake of COVID-19 and its economic impact.

Vietnam fails to implement plan to have 1 million businesses

The Covid-19 crisis may prevent Vietnam from its plan to have 1 million businesses by the end of 2020.

Asia's fishermen and farmers go digital during virus

Farming communities in South East Asia are embracing online selling for the first time during lockdown.

Vietnamese investors rush to develop IZs in anticipation of new FDI wave

Hoping that Vietnam will be able to catch the investment flow leaving China, IZ developers have hurried to implement their projects.

Vietnam pushes for medicine self-sufficiency post Covid-19: Fitch Solutions

The Vietnamese government intends to meet 80% of its domestic pharmaceutical demand through local drug manufacturers.

British pilot condition greatly improves

The most critical COVID-19 patient in Vietnam is nodding, smiling and evening shaking hands with healthcare workers.

Redirection of FDI flows opens up opportunities for HCM City

FDI inflows to HCM City rose to nearly 70 million USD in the first quarter of 2020 thanks to the gradual redirection of investment flows due to COVID-19.

Deputy PM chairs meeting to re-energize pandemic-hit tourism industry

Deputy Prime Minister Vu Duc Dam requested relevant ministries to soon set the schedules for this year’s upcoming public holidays and school summer break to boost domestic travel demand.

Post-pandemic focus for new investments

A series of favourable policies are expected to be issued by the government’s upcoming taskforce in the country’s bid to attract a new investment wave after the health crisis.

Local restaurants resume operation but worry about customer growth

Excited to reopen shops after a long interruption, restaurant owners are disappointed because of the low number of customers and low value of bills.

Local businesses disturbed about many new policies

The attempts to increase budget collection may neutralize the policies aiming to recover the economy after the epidemic.

Inconsistent policies burden VN automobile industry

Car sales dropped sharply by 40 percent in Q1 2020 as several industries cannot reach agreement on solutions to develop the automobile industry.

May 2020 manufacturing continues to fall, but at much reduced rate

Vietnam's manufacturing sector still felt the effects of COVID-19 in May, although contraction was softer than in April as the virus was brought under control.

VN maritime transport become frozen because of Covid-19

While maritime passenger transport firms were paralyzed soon after Covid-19 broke out, cargo transport firms still saw growth.

Is an interest-rate cut enough to recover VN economy?

Within two months, the State Bank of Vietnam (SBV) slashed interest rates twice to support the economy.

Third Dalat Ultra Trail Int’l Marathon to take place later this month

Over 5,000 domestic and foreign runners are expected to take part in the Dalat Ultra Trail International Marathon 2020 in the Central Highland province of Lam Dong from June 19-21, according to the Vietnam Sports Administration.

Japan agrees to discuss travel re-connection with Vietnam

Japanese Foreign Minister Toshimitsu Motegi on June 1 agreed to conduct a discussion with the Vietnamese Government on considering the resumption of travel between the two countries.