Vietnam begins work on use of US$26 billion to boost economy amid pandemic
As Vietnam begins to employ unprecedented measures to recover from the economic ravages of the COVID-19 pandemic with hastened disbursement of public investment, supervision must be enhanced to prevent profiteering, politicians have warned.
Vietnam crushed the coronavirus outbreak, but now faces severe economic test
Strict quarantining and widespread testing have helped the country avoid disaster, but with tourism on hold the nation’s future is uncertain
How Vietnam contained COVID-19 and why its economy will rebound
Vietnam has managed to contain COVID-19, lifting social isolation measures and reopening the economy, allowing businesses to resume.
Overdue debt surges at Vietnam banks
Commercial banks’ Q1 statements show a spike in debts overdue by 10-90 days as coronavirus impacts squeeze businesses’ cash flow.
Vietnam’s exports rise slightly in first 4 months
Vietnam made export turnover of more than 82.9 billion U.S. dollars and saw import turnover of nearly 79.9 billion U.S. dollars in the first four months of this year, up 4.7 percent and 2.1 percent on-year respectively, the country’s General…
Vietnam confident exports can recover, but needs a rebound in global demand
Vietnam could see a v-shape freight recovery if the country continues to contain the spread of coronavirus.
Vietnam looks for economic rebound after mass quarantines
Tough virus response has led to low infections, zero deaths. Lockdown restrictions eased, but export markets remain shut
Economy Digital economy to be pillar of future society
The digital and platform economies would become pillars of our future society, said Nguyễn Đức Thành, former director of the Institute for Economic and Policy Research (VEPR).
Can Vietnam manage COVID-19’s big economic fallout ?
Fully dealing with the economic consequences of the global pandemic will likely require a comprehensive, calibrated, and balanced approach.
Vietnam ups tariffs to protect domestic producers
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.
Vietnam to issue incentives to counter COVID-19 impact
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.
Vietnam’s Coronavirus Struggle: Managing the Economic Impact
Despite initial notable steps, until the government can fully contain the outbreak, it will be difficult to achieve economic growth targets set out previously.
Dwindling oil prices a double-edged sword for Vietnam’s economy
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…
Coronavirus: Vietnam lured factories during trade war, but now faces big hit as parts from China stop flowing
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…
Vietnam orders loan interest rate cuts for virus-hit firms
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.
Vietnam counts the economic cost of the Covid-19 epidemic
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
Europe notches new trade win as Vietnam pact clears final hurdle
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.
EU Opens Trade Door to Vietnam, Closes It to Cambodia
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 needs stimulus package to alleviate coronavirus impact, ministry says
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.
Vietnam’s top tourist hotspots become deserted amid new coronavirus epidemic
Many popular tourist destinations, which are always favorite destinations of Chinese tourists, were not crowded as usual amid fears for the nCoV outbreak.