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Update news vietnam economy
A low GDP growth rate is unavoidable in 2020 as the economy has been seriously affected by Covid-19.
Airlines continue ordering aircraft in their ambitious plans to expand their fleets, betting on the recovery of the market after the pandemic ends.
Because of Covid-19, the global farm produce supply chain has been interrupted because of logistics problems. Now is the right time for domestic farm produce to conquer domestic consumers’ hearts, experts say.
Instead of following procedures to become nvestors, foreign enterprises are preferring to ‘take a shortcut’ by taking over Vietnamese businesses, which allows them to penetrate the market more quickly.
Vietnamese face mask producers will have to satisfy CE and FDA standards when exporting products to the EU and US markets.
VN to strengthen simplification of business regulations in 2020-25 period
Foreign investors are considering relocating their production bases out of China, and many of them are heading for Vietnam.
Businesses would rather borrow money at commercial interest rates and get loans immediately than wait for preferential loans, according to Vu Thanh Tu Anh, a respected economist.
The epidemic has brought great opportunities to businesses with powerful financial capability to ‘hunt’ for attractive projects and take them over.
Signs of recovery for businesses who weather COVID-19 storm
Many owners cannot maintain operation of their hotels during the epidemic and want to sell them.
Seeking new markets, making new products and following new business thinking are actions now being taken by Vietnam’s businesses to overcome current difficulties.
Vietnam takes first ever measures to kick-start ailing economy
Many international manufacturers are expected to relocate their investments out of China after the epidemic ends. Vietnam is one of the destinations.
The Ministry of Construction (MOC) said though the epidemic has affected the real estate market, causing a decline in supply and the number of transactions, real estate prices in some localities are still on the rise.
If the the epidemic is contained by the second quarter of 2020, the profits of some commercial banks may recover from 2021.
Chinese cars will flood the Vietnamese market, both CBU and domestically assembled products, soon after the epidemic ends.
Vietnam’s farmers have been warned of difficulties exporting litchis to China, which expects a bountiful crop this year.
The Ministry of Industry and Trade (MOIT), in an effort to rescue Vietnam’s farm produce, has decided to organize online trade between Vietnamese sellers and Chinese businesses.