While the Vietnamese economy remains one of the better performers globally, there are significant headwinds that could prevent a return to the stellar growth rates seen pre-pandemic in the near-term at least.

Apple is accelerating the production of iPhones, iPads, Macs, and other products in India and Vietnam in an effort to diversify its supply chain outside of China.

Nikkei Asia, the world’s largest financial newspaper published by Japanese media giants Nikkei Inc., has named Vietnam among the Asian trio that has succeeded in limiting the local transmission rate of the novel coronavirus (COVID-19) to almost zero.

The Vietnamese electronics industry is anticipated to continue being hit by the challenges brought about by the increasingly complicated hurdles caused by the COVID-19 epidemic during the second half of the year, 

Luxshare ICT announced they are still hiring 300 workers per day from June 18 to 20 for production expansion in North Vietnam.

The sector saw a softer contraction than in April as the Covid-19 pandemic was brought under control in Vietnam.

Despite FDI shown signs of a slowdown as a result of the negative impact of COVID-19, experts believe that the nation will be able to welcome an array of fresh dual investment after the pandemic.

The completion of the sale of Vietcombank stake to foreign buyers in early 2019 and of BIDV at the end of last year may bode well for a comeback of foreign banks to Vietnam in 2020.

The Purchasing Managers’ Index (PMI) of Vietnam rose to a four-month high of 52.5 in April from 51.9 in March, according to a Nikkei-IHS Markit survey.

Japanese shares hit a 15-year high, following the global rally elsewhere on hopes Greece will reach a deal with its creditors to prevent from defaulting on payments due at the end of the month.

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