covid-19 impacts

Update news covid-19 impacts

Vietnamese businesses need urgent assistance

Businesses are in serious difficulty due to the impact of the Covid-19 pandemic. They need timely and substantive support measures from the Government.

Experts identify new trends in the development of IPs

The impacts of the COVID-19 pandemic have slowed down the operations of businesses in industrial parks (IP), disrupting supply chains and labour, according to a recent report by the Ministry of Planning and Investment (MPI).

Government urged to act promptly to both save businesses and protect people's health

Actions are needed now to save businesses, or it will be too late, enterprise associations say.

Unprecedented scene at Hanoi’s toy street before Mid-Autumn Festival

Không còn hình ảnh những món đồ chơi Trung thu rực rỡ sắc màu treo tràn ngập, cảnh dòng người chen chúc, mua bán tấp nập trên phố Hàng Mã. Đây là cảnh tượng chưa từng có ở con phố bán đồ Trung thu lớn nhất Hà thành.

Foreign-invested enterprises urge prompt action to prevent recession

Foreign invested enterprises (FIEs) have suggested a strategy on controlling the pandemic in every area so as to safely restore production and business activities.

Alarming rise in cases of depression in Vietnam

According to a report on mental health by the Lancet Commission, mental disorders are on the rise in every country in the world and will cost the global economy $16 trillion by 2030.

Resolution 105 helps bring foreign experts back to Vietnam

Many foreign-invested enterprises tend to bring their own workers to Vietnam for work, particularly for management positions, due to the high requirements for qualifications, expertise and skills, especially differences in language and culture.

Farm produce pile up in south as farmers struggle to sell them amid COVID restrictions

Farmers across the south and Central Highlands are struggling to sell their harvests due to COVID-19 restrictions on travelling and business...

Garment, footwear industries struggle during pandemic

Textile, garment and footwear industries are still facing many difficulties due the COVID-19 pandemic, and unable to recover production and business in the short term.

Businesses struggle with increased costs, impact from Covid-19

According to the Vietnam Association of Beer, Wine and Beverage (VBA), more than 85 percent of drink manufacturers have had difficulties in product distribution.

Finance Minister affirms State budget sufficiency

Finance Minister Ho Duc Phoc has affirmed that the State budget is enough for expenditures planned by the National Assembly (NA) and the Prime Minister.

Businesses propose new regulations to replace Directives 15, 16

Associations of businesses have asked the Prime Minister to issue new directives on pandemic prevention and control to replace Directives 15 and 16 with regulations that fit the new circumstances.

FPT to establish school for 1,000 children who lost parents to COVID-19

Truong Gia Binh, Chairman of the FPT Board of Management decided to open a school for 1,000 children who lost their parents to COVID-19.

Pandemic will continue to hit State budget revenue in the coming months

The Ministry of Finance (MoF) is concerned the COVID-19 pandemic would continue to affect State budget revenue in the coming months.

Vietnam’s auto market hits bottom

Although car manufacturers have cut prices deeply to stimulate demand, the Vietnamese auto market witnessed a record decrease in monthly sales over the past five years when fewer than 9,000 cars were sold in August 2021.

More tax, fee cuts to benefit pandemic-hit enterprises, people

About 118 trillion VND (5.16 billion USD) worth of taxes, land rent, fees, and charges are expected to be reduced or have payment deadlines extended in 2021 to assist enterprises and people affected by the coronavirus pandemic.

GDP to reach 3.5-4 per cent this year

The country’s GDP this year is expected to reach 3.5-4 per cent if the COVID-19 pandemic is controlled in September and a 'new normal' achieved from the fourth quarter, said Minister of Planning and Investment Nguyen Chi Dung.

 

Vietnam earns over $1 billion/day in 15 days in August

In the last 15 days of August 2021, Vietnam’s exports grew strongly compared to the first 15 days of the month.

How to rescue Vietnamese air carriers

During the fourth Covid-19 outbreak, the Civil Aviation Administration of Vietnam asked domestic airlines to limit the number of flights from provinces and cities implementing social distancing under Directive 16.

Investors sell homestays at a loss of billions of VND

Many investors have offered to sell their homestays as they do not have enough money to pay debts and maintain operations.