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Update news vietnam economy
Technology firms in the past have had to spend big money to attract users to online transactions, but because of the pandemic, e-commerce has taken off.
Retail sector works to serve more customers online amid COVID-19
As foreign partners have stopped placing orders, some textile and garment companies have shifted to producing cloth antibacterial face masks. However, not all have succeeded.
Because of the pandemic, people have hesitated to go to crowded places and have increasingly bought many items online.
Hundreds of thousands of tons of rice in enterprises’ storehouses cannot be exported because of inconsistent policies.
US loosens labelling requirements for tra fish imports
In Vietnam, Samsung has been making a great contribution to the country’s GDP over the last many years.
Seaports are bearing negative impacts from the COVID-19 pandemic as the major partners of Vietnam are reducing orders. However, experts still see positive prospects.
Investors are struggling to find real estate products as the supply is decreasing and other investment channels are no longer attractive.
More and more foreign invested enterprises (FIEs) in Vietnam have begun exporting woodwork products as Vietnamese enterprises increasingly lose market share.
Vietnam exported $485.40 million worth of woodwork from March 1-15 and $2.07 billion from January 1 to March 15, an increase of 13.8 percent compared to the same period last year.
Housing prices unlikely to drop despite pandemic: experts
The Vietnamese government has decided to resume rice exports, but the debate continues about whether the country should continue to do so.
The petrol price has decreased by VND5,000 per liter after seven adjustments, but the prices of other goods remain unchanged.
The initial losses caused by flight reductions for Vietnam’s air carriers and land management agencies may total VND10 trillion.
CP Vietnam, the largest animal husbandry company, says that animal feed supply could run out by the end of May.
Economists believe that real estate will remain a safe shelter for investors, and will still bring attractive profits in the post-Covid-19 period.
Vietnam’s economy continues to obtain high growth rate, but Covid-19 has upset all the key tasks and goals of the government and local authorities at different levels.
As businesses and people need emergency aid, former director of the Central Institute of Economic Management (CIEM) Nguyen Dinh Cung believes that the implementation of economic relief solutions needs to be organized in a quick and inexpensive way.