The Ministry of Planning and Investment (MPI) plans to submit its economic recovery project to competent authorities for approval in October, with the 2022 to 2023 period to be identified as the ideal time for recovery efforts.

Businesses all want to resume economic activities but experts say the reopening of the economy must be done with a specific roadmap and that haste will lead to failure.

The enterprises in yellow and green zones of Hanoi have been asked to continue anti-pandemic measures during the production process. The ‘three on the site’ model (work, eat, stay) is being used in high-risk zones.

There was good news on September 4: A flight carrying 297 Vietnamese citizens from Japan landed at Van Don airport in Quang Ninh province. The passengers were fully vaccinated with two doses of Covid-19 vaccine.

With control loosening, businesses in green zones in Hanoi will be able to restart their production and business activities. But they fear that control may tighten again if the outbreak gets worse.

Domestic production has been hit hard this year, with numerous enterprises facing greater woes and leaving the market. However, the situation could be eased by a new special taskforce established by the prime minister.

Businesses are bearing severe impacts from Covid-19 developments and social distancing campaigns.

Hanoi’s economy has suffered heavily from social distancing and travel restrictions over the last 45 days, but in exchange the Covid-19 outbreak has been under control.

Vietnam’s manufacturers are facing an uphill task to keep operation amid restriction measures.

The Ministry of Planning and Investment has said that it is coordinating with relevant ministries, agencies and localities to build a national economic restructuring plan for the 2021-2025 period, 

Standard Chartered has revised down its forecast for Vietnam’s gross domestic product (GDP) growth this year from 6.5% to 4.7%.

Economic indexes show the situation is getting worse in the country. The most concerning issues are social distancing extensions and other restrictions.

The strong outbreak of the fourth wave of the Covid-19 pandemic along with prolonged social distancing in many provinces and cities in Vietnam has severely affected Vietnamese businesses.

The Consumer Price Index (CPI) for the first eight months of 2021 picked up 1.79 percent year-on-year, the lowest increase for the same period since 2016, the General Statistics Office (GSO) announced on August 29.

The Food Administration of Vietnam yesterday received the warning of the European Union about the recall of dried noodles with chicken and beef spices manufactured by Thien Huong Food Joint Stock Company for containing a banned substance.

Kajiwara Junichi, general director of Acecook Vietnam, guaranteed at a press conference yesterday afternoon, August 28, that the company’s products sold in Vietnam are safe for the health of consumers

Domestic enterprises have the opportunity to bring handicraft products to the global market via the US e-commerce giant.

The Ministry of Planning and Investment's latest report found that production and business activities have been seriously affected by the Covid-19 pandemic.

The World Bank (WB) has projected Vietnam’s GDP to expand by 4.8 percent in 2021, two percentage points lower than its previous prediction in December 2020.

The long fourth Covid-19 outbreak and social distancing regulations have posed great challenges to the office leasing market.