Seeking new markets, making new products and following new business thinking are actions now being taken by Vietnam’s businesses to overcome current difficulties.

A lack of a unified legal framework governing PPP is the main factor that Vietnam’s infrastructure sector growth potential is capped at 6.1% per year through 2029.

Multinational corporations like Sanofi, GlaxoSmithKline, and Reckitt Benckiser gaining the advantage in Vietnam’s over-the-counter channel, or non-description drugs, in the first quarter of 2020 has in part fuelled their global performance.

The Vietnamese real estate market has been feeling the pinch, but it can make a swift recovery when the pandemic is brought under control with support policies from the government and promotional campaigns from developers.

Vietnam is expecting to welcome a new wave of high quality foreign direct investment in the near future according to some economists thanks to the country’s internationally acclaimed efforts to fight COVID-19, a new factor to assess business risks.

Vietnam should only declare Covid-19 free nationwide when all Covid-19 patients have been cured and there is no longer any risk of infection from overseas.

Many international manufacturers are expected to relocate their investments out of China after the epidemic ends. Vietnam is one of the destinations.

Vietnamese consumers are some of the most optimistic in Asia during the COVID-19 pandemic, according to American management consulting firm McKinsey’s recent consumer survey.

The Ministry of Construction (MOC) said though the epidemic has affected the real estate market, causing a decline in supply and the number of transactions, real estate prices in some localities are still on the rise.

As many as 26 Vietnamese people have volunteered to donate part of their lungs to save a critically ill British pilot, Vietnam’s 91st COVID-19 patient, the National Co-ordination Centre for Human Organ Transplantation has said.

Trillions of VND spent from Central budget to combat Covid-19

Vietnam is focusing on well performing the 2020 ASEAN Chairmanship, said spokesperson of the Ministry of Foreign Affairs Le Thi Thu Hang.

National Assembly (NA) General Secretary Nguyen Hanh Phuc, on behalf of the NA, presented gifts of medical supplies to international parliaments and inter-parliamentary organisations during ceremonies held from May 11-14.

Labour ministers from 10 member countries of the Association of Southeast Asian Nations (ASEAN) had a video conference on May 14 to look into impacts of COVID-19 on labour and employment.

Vietnam recently held unofficial phone discussions with the US, Japan, the Republic of Korea, India, Australia and New Zealand to look into post-COVID-19 cooperation and economic recovery, 

Twenty four people returning to Vietnam on a flight from Russia have tested positive for the novel coronavirus, raising the total to 312, the National Steering Committee for COVID-19 Prevention and Control reported on May 15 morning.

If the the epidemic is contained by the second quarter of 2020, the profits of some commercial banks may recover from 2021.

Decree No.41/2020/ND-CP on extending the deadline of tax and land rent fee payments for enterprises, individuals, and business households affected by COVID-19 was issued by the government on April 8. 

Instead of adopting the age-old “sell in May and go away” strategy, and focusing on months with traditionally stronger market growth, investors now could be more bullish about a stock rally, buoyed by optimism about a gradual reopening of businesses.

The COVID-19 outbreak is accelerating the shifting of corporate mindsets on diversifying from China and onboarding the trend of “make where you sell”.