Vietnam is increasing the application of trade defence instruments to protect the legitimate rights of domestic producers as the country integrates rapidly into the global economy.
The Vietnamese government is planning to issue incentives in the form of tax breaks, delayed tax payments, and land-use fees for businesses impacted by the COVID-19 outbreak.
Despite initial notable steps, until the government can fully contain the outbreak, it will be difficult to achieve economic growth targets set out previously.
Oil logged its worst week since 2008 after the oil price war, initiated by Saudi Arabia early last week, delivered a double blow to nervous investors already rattled by declines in world stocks due to the spread of the novel…
Vietnam became the destination of choice for firms looking to avoid trade war tariffs, but the coronavirus has left many cut off from their suppliers. The Southeast Asian nation is more exposed to China’s supply chain than any other country…
State Bank of Vietnam orders commercial lenders to exempt, reduce or delay interest payments due January 23 to March 31 on loans to businesses facing losses from the novel coronavirus epidemic, according to a statement posted on the regulator’s website.
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.