Data released by the General Statistics Office of Vietnam on September 29 showed that the gross domestic product (GDP) in the third quarter of 2021 decreased by 6.17% year on year, the biggest drop since Vietnam began publishing its quarterly GDP.

The prolonged Covid-19 epidemic has put many businesses in Vietnam at the risk of bankruptcy. The number of newly registered enterprises in September dropped, even in the amount of registered capital.

A survey conducted by Vietnam Chamber of Commerce and Industry (VCCI) in September of nearly 3,000 businesses found that 93.9 percent have been affected by the pandemic at a ‘completely negative’ or ‘mostly negative’ level.

The World Bank has suggested the Vietnamese Government early devise back-up plans in case the COVID-19 pandemic could last one or two more years, and conduct vaccination in parallel with testing to control the pandemic and mitigate its economic loss.

In the US, policymakers are in a dilemma when they want to tighten money pumping into the economy to prevent the risk of high inflation, but they are afraid of losing the recovery momentum.

Pangasius export turnover in August 2021 decreased by 28.5 percent over the same period, it is expected to continue falling 30 percent year on year in September.

The State Bank of Vietnam (SBV) has proposed that commercial banks not be allowed to provide preferential loans to low-income people seeking to purchase, lease and lease-purchase social houses.

The Department of Transport of Ho Chi Minh City, on the afternoon of September 24, informed that it had just submitted to the municipal People's Committee a plan to coordinate with provinces to welcome workers back to the city.

Despite the impact of the pandemic in recent months, business results of FDI enterprises in Vietnam in the past eight months show a promising picture.

Protecting lives and maintaining economic growth in a careful balancing act, the government’s pace of economic reopening will define Vietnam’s economic outlook and foreign investment prospects.

Businesses are in serious difficulty due to the impact of the Covid-19 pandemic. They need timely and substantive support measures from the Government.

It’s unreasonable to close a factory with thousands of workers when only one positive case is found, officials have said.

“Localities should not always count plants and livestock in their reports. We need to change the way of thinking to improve the situation,” said Minister of Agriculture and Rural Development Le Minh Hoan.

Actions are needed now to save businesses, or it will be too late, enterprise associations say.

Foreign invested enterprises (FIEs) have suggested a strategy on controlling the pandemic in every area so as to safely restore production and business activities.

A difference in profits of listed companies before and after auditing has left investors worried about the accuracy of finance reports.

According to the Vietnam Association of Beer, Wine and Beverage (VBA), more than 85 percent of drink manufacturers have had difficulties in product distribution.

The economy reflects the operation of all 13 southern cities and provinces, and different behaviors of each is hindering economic development.

Associations of businesses have asked the Prime Minister to issue new directives on pandemic prevention and control to replace Directives 15 and 16 with regulations that fit the new circumstances.

Hopes for the ease of social distancing measures and recovery of the economy are rising along with the decrease in the nber of new cases.