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Update news pandemic
If the Vietnamese economy is able to successfully enjoy a rapid economic recovery following the conclusion of the novel coronavirus (COVID-19) pandemic, the retail industry will be one of the driving factors in this revival process.
5G appears to be high on the Vietnamese government’s priority list, with the earliest of services set to be commercialized in mid-2020 following trials conducted through 2019.
With its early success in containing the Covid-19 pandemic, Vietnam is having a jump-start among potential investment destinations in attracting a new wave of FDI.
With fewer concerns about currency and external stability, Vietnam’s central bank is likely to be more comfortable with delivering interest rate cuts to support growth.
The decision, set to valid until the end of 2020, would help customers save thousands of dollars.
The EU-Vietnam trade deal is the largest new-generation free trade agreement in Vietnam’s history in terms of direct benefits.
Vietnam holds a number of advantages against other countries at a time when investors are looking to exit China, according to experts.
With a limited state budget, Vietnam should mobilize social resources to support startups and large-scale enterprises, those considered capable of driving the economy forward.
A lower GDP growth target is inevitable as the Covid-19 pandemic is wreaking havoc on the world economy, said Minister of Planning and Investment Nguyen Chi Dung.
With the resumption of key economic sectors' activities, such as manufacturing, services and retail, Vietnam’s economy is accelerating to get back to its normal state.
The epidemic has brought great opportunities to businesses with powerful financial capability to ‘hunt’ for attractive projects and take them over.
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.
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.
Six public services to assist people and enterprises affected by the COVID-19 pandemic were launched on the national public service portal on May 12, according to the Government Office.
The central bank of Vietnam had previously cut the benchmark interest rates by 0.5 – 1 percentage point in March.
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.
The suspension of all art performances due to the COVID-19 pandemic has caused vast losses to theatres across the country and has forced cultural authorities to set up measures to help them get out of the situation.
The COVID-19 pandemic is putting severe growth pressure on the economies of Cambodia, Laos, Myanmar and Vietnam (CLMV) and may cause the region's growth to slip to a historical low, according to a Maybank Kim Eng report.
The total number of people testing positive after previously been given the all-clear, now stands at nine.
Fearing a slump amid the epidemic, Vietnamese farmers are hesitating to begin new shrimp hatchery crops.