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Update news vietnam economy
Apple is running a large recruitment campaign in Vietnam, while many other foreign technology firms are considering pouring capital into projects in the country.
The woodwork industry is experiencing many hardships with 80 percent of orders postponed in April.
Hanoi asked for permission to close shops and some business activities to fight against Covid-19 on March 25.
Firms need policies for sustainable development after pandemic
As some business fields are stagnant and the government’s shock relief plans need more time to bring benefits, the picture of the national economy is expected to be darker in Q2 than in Q1.
As many as 35,000 businesses left the market in Q1 (suspended operation, we're dissolved or went bankrupt). Over 11,400 businesses do not operate at registered addresses, according to the General Statistics Office (GSO).
Enterprises look to enhance links to prevent future disruptions to supply chains
The owners of small and 3-4-star hotels, valued at tens or hundreds of billion of dong, have suffered the most from COVID-19.
Vietnam’s export value recorded in the first four months of the year rose 4.7% against the year-ago figure to reach nearly US$83 billion, with trade surplus of an estimated US$3 billion, according to the General Statistics Office.
Vietnam's manufacturing sector saw an unprecedented downturn in April as a result of the Covid-19 pandemic, according to a survey by IHS Markit and Nikkei.
The major goal, according to Vu Thanh Tu Anh from the Fulbright School of Public Policy and Management, is preserving people's lives and businesses in order to quickly recover after the epidemic.
Businesses in the aviation and tourism sectors believe that stimulating domestic demand is the first thing that needs to be done in the immediate time.
Three out of four of the largest e-commerce sites saw the numbers of visits decreasing in Q1, a time when experts predicted would see a boom as the COVID-19 epidemic reached its peak.
Vietnam has an opportunity to become the food supplier of the world, according to Truong Gia Binh, an influential businessman.
In a recent report on global economic prospects in mid-April 2020, the International Monetary Fund forecasts that the world’s economy will slide by about 3%.
Nguyen Kim home appliance distribution chain has been acquired by Central Retail of Thailand.
Demand for packaging paper is expected to increase by 14-18 percent per annum in the next 5-10 years, according to the Vietnam Paper and Pulp Association (VPPA).
Foreign investment inflows dip nearly 15% in first 4 months