As the dollar price has decreased in the international market, the official exchange rate announced by the State Bank of Vietnam (SBV) and dollar market price have also decreased slightly.

Chairwoman of the Vietnamese National Assembly Nguyen Thi Kim Ngan and her Lao counterpart Pany Yathotou discussed the fight against COVID-19 in the two countries, 

Honda Vietnam said the company plans to shift from manufacturing to importing vehicles due to manufacturing interruptions and market stagnation caused by the COVID-19 pandemic.

VinaCapital has predicted a 3 percent GDP growth rate reduction because of Covid-19, while Fitch has projected a modest growth rate of 3.3 percent, and ADB 4.8 percent.

Some large corporations have shifted to making products that can be useful in the fight against Covid-19. Vingroup has promised to make ventilators, and garment companies are making face masks from antibacterial fabric.

Vietnam’s tra fish exports fell 29.3 percent year on year to 334 million USD in the first three months of this year, due to the COVID-19 pandemic, but the industry – a big foreign currency earner – may fully recover in the third quarter.

International media have continued to speak highly of the leadership of the Communist Party of Vietnam (CPV) and measures taken by the Government to curb the spread of the COVID-19 pandemic.

The Chinese Embassy in Vietnam held a press teleconference in Hanoi on May 7 to discuss bilateral ties and international cooperation in the fight against COVID-19.

Domestic passenger transportation services will resume from 0:00 on May 8 to meet people's traveling demand as the COVID-19 epidemic is under control in Vietnam, said the Ministry of Transport.

The Civil Aviation Administration of Vietnam (CAAV) has notified Vietnamese airlines that seat distancing and restrictions on passenger numbers are to be abolished from 00:00 on May 7.

As a market economy, Vietnam has to open its markets to foreign invested enterprises (FIEs) but the opening may lend a hand to FIEs to control the home market.

The Government has asked relevant bodies to support the Vietnamese cinema industry to overcome the crisis caused by COVID-19. 

The central bank of Vietnam had previously cut the benchmark interest rates by 0.5 – 1 percentage point in March.

Unable to wait for the pandemic to end and seeing revenue drop to zero, businesses have been trying every method to earn money in the Covid-19 crisis.

A wave of challenges stemming from the pandemic and volatile market could throw a monkey wrench in the works for state divestment, but may well open the door wider for foreign investors in Vietnam.

Vietnam recorded 17 more imported COVID-19 cases as of 6pm on May 7, raising the total to 288.

A study has identified a mutation that its authors say could make the coronavirus more infectious.

Despite the impacts of Covid-19, Vietnam recorded growth of 3.82 percent in the first three months of 2020. Economic recovery plans are also being developed for after the pandemic.

Prime Minister Nguyen Xuan Phuc, while chairing a cabinet meeting in Hanoi on May 7, spoke of easing certain measures introduced to tackle the COVID-19, including the removal of social distancing measures at schools.

The International Telecommunication Union (ITU) Digital World will be organised in Hanoi in September 2021, instead of September 2020, due to impacts of the COVID-19 pandemic.