Manufacturers in the Southeast Asian nation are struggling to secure the raw materials they need to remain operational Hanoi relies on China for about 30 per cent of its imports
The European Parliament approved a free-trade agreement with Vietnam after winning concessions from Hanoi that may show the way for ratification of a bigger commercial deal between Europe and South America.
The European Union agreed on Wednesday to open its markets wider to Vietnam, while closing its trade doors to Cambodia, rewarding Hanoi for its progress on labour guarantees and sanctioning Phnom Penh for human rights abuses.
Vietnam must work out a stimulus package this month to help businesses cope with a coronavirus epidemic that is expected to keep the economy from achieving a target of 6.8% growth this year, the planning ministry said on Wednesday.
Many popular tourist destinations, which are always favorite destinations of Chinese tourists, were not crowded as usual amid fears for the nCoV outbreak.