pandemic

Update news pandemic

Vietnamese retail to be at heart of post-pandemic recovery

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.

State-led approach expected to boost 5G deployment in Vietnam

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.

Vietnam faces fierce competition to attract capital flight from China

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.

Vietnam in strong position to defend against external shocks: HSBC

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.

Vietnam slashes registration fee by half to rev up domestic car sales

The decision, set to valid until the end of 2020, would help customers save thousands of dollars.

Decisive reforms needed for Vietnam to realize full benefits of EVFTA: WB

The EU-Vietnam trade deal is the largest new-generation free trade agreement in Vietnam’s history in terms of direct benefits.

Vietnam holds advantages as investors look beyond China: Experts

Vietnam holds a number of advantages against other countries at a time when investors are looking to exit China, according to experts.

Vietnam urged to readjust development strategy in post-pandemic period

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.

Vietnam gov't mulls lowering 2020 GDP growth target to 4.5%

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.

Vietnam economy accelerates to get back to normal state

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.

More M&A deals in VN's real estate sector during COVID-19

The epidemic has brought great opportunities to businesses with powerful financial capability to ‘hunt’ for attractive projects and take them over.

Foreign investors call for greater flexibility in Vietnam's upcoming PPP law

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 not in condition to declare Covid-19 free yet: Official

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.

Public services on national portal to support 4 million people

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.

Low business performance may prompt Vietnam c.bank to further cut policy rates

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

Slowdown hampering sluggish divestments

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.

Theatres suffer drop in revenue due to pandemic

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.

COVID-19 puts severe growth pressure on CLMV economies

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.

Brazilian woman tests positive for COVID-19 after previously given all-clear

The total number of people testing positive after previously been given the all-clear, now stands at nine.

Shrimp demand rises but Vietnamese processors lack materials

Fearing a slump amid the epidemic, Vietnamese farmers are hesitating to begin new shrimp hatchery crops.