The US is planning to remove some of its supply chain out of China and has invited other countries for a dialogue on this issue, including Vietnam.

Local coffee prices skyrocket on limited supply

The quality of bank assets has been affected by Covid-19, but the recovery of the banks will depend on their loan portfolios and asset structure.

Biotechnology, online retail, fintech, and green real estate are expected to prosper during the post-COVID period.

Vietnam plans to enact a law to fight against the transfer pricing tax in an effort to enforce transfer pricing rules more aggressively, according to Cao Anh Tuan, general director of the General Department of Taxation (GDT).

Eximbank delays AGM to June 30, adjusting business plan for 2020

Banks have been warned of a sharp profit decline because of minus credit growth and higher provisions against risks.

Though receiving some guests during the April holiday, hotels are still not doing well. Some have had to close and others are operating at a moderate level.

Forty-nine BOT (build-operate-transfer) transport projects have been reported as having revenue below expectations.

While many businesses have had to take big losses because of Covid-19, other businesses have reported profits with 2-digit growth rates.

Prof Nguyen Mai, an expert on FDI, and chair of the Vietnam Association of Foreign Invested Enterprises (VAFIE), pointed out three problems in the picture of FDI in Vietnam.

Exports shrink to lowest in first half of May

Vietnamese enterprises’ awareness of EVFTA has been heightened significantly, and they have prepared to grab business opportunities and find a foothold in the supply chain.

As predicted by experts, the Vietnamese automobile market continues sliding as manufacturers cannot sell products and their production has arrived at a ‘new normal’.

Realtors have been trying to sell products online and through mobile apps.

Experts believe that the departure of large manufacturing corporations from China, plus the plan to boost global economic development, will bring new opportunities to Vietnam.

Banks urged to promote digitalisation

Covid-19 has upset businesses’ recruitment and workers’ job application plans.

Selling fresh food online is a service provided by supermarkets, but e-commerce firms and technology platforms have jumped on the bandwagon recently.

Japanese newspaper: EVFTA to lift Vietnam’s post-pandemic growth