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Update news vietnam economy
TNG Investment and Trading JSC (TNG) and Thanh Cong Textile Garment Investment JSC (TCM) are expected to benefit the most from the EU-Vietnam FTA (EVFTA), according to Bao Viet Securities.
The US FED has launched an unprecedented bailout to help the economy cope with Covid-19. Meanwhile, the State Bank of Vietnam (SBV) has cut the 1-6 month term deposit interest rate ceiling.
The VN Index has decreased by 156 points, or 17.7 percent, since the beginning of March.
As Vietnamese are now favoring ‘contactless purchases’ in Covid-19, online sales have increased rapidly.
2020 is a special year for Vietnam because of the 4.0 industry revolution and Covid-19 outbreak.
Dong Nai to speed up site clearance for Long Thanh airport project
The list of the world’s dollar billionaires announced recently by Forbes shows that the number of Vietnamese billionaires has fallen from five to three.
Though the unofficial value of the VND has now fallen about 3 percent against the USD, the rate is still a smaller depreciation than that seen by most of Vietnam’s regional peers and is expected to stabilise around that level.
Signs of Vietnamese farm export recovery have appeared as the Chinese market has begun importing products again.
After two years of strong recovery and high growth, the banking sector is facing major challenges because of Covid-19.
Nguyen Dinh Cung, former director of the Central Institute for Economic Management and member of PM Nguyen Xuan Phuc's economic advisory group, speaks about measures to improve the business environment.
The Covid-19 crisis, which has paralyzed many factories in China, offers an opportunity for Vietnam’s processed food to penetrate the 1.4 billion consumer market.
As many enterprises are considering laying off workers, the unemployment rate is expected to rise in the time to come.
While Amazon has had to recruit 100,000 more workers to satisfy orders, at Vietnam’s marketplaces, purchases remain weak except for face masks and hand sanitizers.
As the Covid-19 epidemic has been escalating, more people are buying things online or using shopping serviced.
E-commerce is one of the best solutions for woodwork enterprises to cope with the Covid-19 epidemic, which has led to a sharp fall in demand.
The warnings about bad air quality in Hanoi and HCM City given by forecasting centers in late 2019 could lead to a stronger electric motorbike market.
While most farm export items met with difficulties in the first months of the year, rice exports unexpectedly soared as the world increased its reserves.
In mid-March, when Chinese factories began resuming operation, material supplies to Vietnamese textile and garment enterprises were restored.