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.