vietnam economy

Update news vietnam economy

Signs indicate that Apple plans to set up factory in Vietnam

Apple is running a large recruitment campaign in Vietnam, while many other foreign technology firms are considering pouring capital into projects in the country.

Vietnam's woodwork industry expects minus growth rate for 2020

The woodwork industry is experiencing many hardships with 80 percent of orders postponed in April.

Are delivery services earning big money during the pandemic?

Hanoi asked for permission to close shops and some business activities to fight against Covid-19 on March 25. 

BUSINESS NEWS HEADLINES MAY 7

Firms need policies for sustainable development after pandemic

How will Vietnam’s economy perform in the time to come?

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.

Experts unconcerned about high number businesses leaving the market

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).

BUSINESS NEWS HEADLINES MAY 6

Enterprises look to enhance links to prevent future disruptions to supply chains

Unable to earn money, investors put hotels up for sale

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.

VN export sector sees growing momentum for recovery

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.

Covid-19’s impact on Vietnam's manufacturing sector intensifies

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.

How can Vietnam protect the economy while maintaining public health during the pandemic?

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.

BUSINESS NEWS HEADLINES MAY 5

Businesses concerned as Covid-19 looms large

 

VN businesses resume operation cautiously, step by step

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.

Online shopping: no boom in first quarter as expected

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.

BUSINESS NEWS HEADLINES MAY 4

Vietnam exports nearly 416 million face masks

 

Vietnam can become food supplier to the whole world: VIDA’s chair

Vietnam has an opportunity to become the food supplier of the world, according to Truong Gia Binh, an influential businessman.

Vietnam’s economic prospects in 2020

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%. 

Vietnamese enterprises at risk of being acquired by foreign firms

Nguyen Kim home appliance distribution chain has been acquired by Central Retail of Thailand. 

High demand promises great opportunities for Vietnam's paper manufacturers

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).

BUSINESS NEWS HEADLINES MAY 3

Foreign investment inflows dip nearly 15% in first 4 months