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Update news vietnam economy
Many cinemas, travel firms and restaurant chains have been hit hard by the pandemic, but startups are also struggling to overcome difficulties.
Reporting on the effects of the Prime Minister Directive 16 in southern provinces, Taskforce 970 said that production and consumption of farm produce have become stable but prices of some seafood, poultry meat and pork have begun increasing again.
The State Bank of Vietnam and the Government must offer stronger solutions to resolve the current problems pertaining to debt structuring, interest rate reduction, and support to businesses facing crisis.
In the first half of 2021, Vietnamese businesses faced many difficulties. However, in the second quarter, when the covid-19 epidemic was not as tense, many major corporations still earned high profits.
Drought and the Covid-19 pandemic have been heavily affecting the lives of people across the country and the Central of Vietnam.
In the first half of 2021, Vietnam in general achieved considerable growth targets in the context of a stable macro environment.
Vietnam’s shrimp exports to Australia surged 81% year-on-year to US$88.7 million in the first half of 2021, becoming the Oceania country’s biggest shrimp supplier.
Recognizing that there is not much room for growth, the Minister of Planning and Investment suggested that along with strengthening measures to prevent and control the Covid-19 epidemic, it is necessary to urgently remove bottlenecks in the economy.
Deputy Minister of Industry and Trade Do Thang Hai said the ‘three on-the-site’ is a good model, but southern provinces have found it difficult to implement.
The health crisis is becoming increasingly complex and expected to continue drawing a grey economic picture in the region.
Experts have expressed concern about property bubbles and the risks to the macroeconomy as real estate firms are issuing corporate bonds at high interest rates.
The Mekong Delta is the main shrimp farming and exporting area of the country.
Minister of Industry and Trade (MoIT) affirms that Vietnam's export goods do not contain the SARS-CoV-2 virus, unlike some sources have stated.
Stagnant business and production activities as a result of the impact of Covid-19, increased pressure over delivery to partners, and high transport costs are threatening the supply chains of the apparel sector.
ASEAN Online Sale Day 2021, the biggest online shopping event of all ASEAN consumers, is scheduled to begin at 00.00hrs on August 8 and last through to 24.00hrs on August 24.
Vietnam's leading corporations are making efforts to provide essential goods and services to the people amid the Covid-19 pandemic, which has severely affected their operations and business goals.
Vietnam’s current account surplus is forecast at 6.2 per cent of GDP in 2021 and will narrow over the coming decade as part of a general long-term narrowing trend.
Businesses in Vietnam are making all efforts to survive the fourth wave of COVID-19 which is battering the country.
When the pandemic ends, demand will increase and the economy will recover. To prepare for this, it’s necessary to carry out strong reform and create the most favorable business environment for enterprises.
Commercial banks have reported a sharp fall in deposits as interest rates are now at a 10-year low and people seek other investment channels.