Vietnam textile sector braces for $473 million Covid-19 setback
The number of VND11 trillion ($473 million) could be the cost in revenue of Vietnam’s textile industry , with millions losing their jobs due to the coronavirus pandemic
Vietnam solar rooftop energy industry is expected to grow quickly
Industry insiders said that technological advances, credit policies and pricing incentives make solar rooftop energy grow strongly in Vietnam.
Minister asked for more creative use of digital transformation in Vietnam
Minister of Information and Communications Nguyen Manh Hung asked digital technology firms to be more creative to provide more online services.
Online sales rise rapidly during COVID-19 season
As COVID-19 escalates, Vietnamese consumers favor online shopping. Online sales therefore have risen sharply.
Vietnamese confectionery businesses develop together
Vietnamese confectionery firms have upgraded technology to improve quality, developed new products to gain market share and also boost exports amid fierce competition.
Vietnamese currency is expected to stabilize
According to the management fund Vinacapital, Vietnamese dong is depreciated at a lower rate than regional peers and expected to stabilise.
Vingroup smartphones may capture market share from Chinese competitors
Smartphones made by Samsung and some Chinese brands dominate the Vietnamese market. But this year, Vingroup smartphone aims to overtake Chinese smartphone brands.
Agricultural product export in bustle back to Chinese market
It motivates farmers again when seeing Vietnamese farm export recovery appearing as the Chinese market has begun importing products again.
Vietnam Ministry of Tourism: Reduction of fee for travel business amid Covid-19 threat
As Covid-19 pandemic is directly ruining the operation of tourism industry in Vietnam, the Ministry of Culture, Sports and Tourism has recently proposed a plan to Ministry of Finance, asking for fee cut for travel business and tour guides to alleviate loss.
Hanoi pizza restaurant equipped with disinfection chamber to prevent coronavirus 1
A pizza restaurant in Hanoi has installed a mobile disinfection chamber to help diners feel reassured when coming to the restaurant.
Vietnamese coffee chains stop serving at stores due to COVID-19
To prevent the spread of coronavirus in the communities, some coffee chains in Vietnam such as Highlands, Starbucks and The Coffee House have moved to online serving and takeaway channels until April.
How Vietnamese consumers’ FMCG purchase behaviours have been changed due to COVID-19
According to the global data and consulting company Kantar Worldpanel, the COVID-19 outbreak has caused alternation in Vietnamese consumers' fast-moving consumer goods (FMCG) purchase behaviors.
Vietnam attracted $8.55b FDI in the first quarter
According to the Foreign Investment Agency, US$8.55 billion of foreign capital has been poured in Vietnam from January 1 to March 30, equivalent to 79.1 percent of the same period last year.
How foreign business owners in Vietnam dealing with COVID-19's impact
It’s easy to see that COVID-19 is affecting all business sectors in Vietnam, from transport, accommodation, tourism, retail, restaurant and entertainment service. For foreign entrepreneurs in Vietnam, what are they doing to cope with the economic impact of COVID-19?
Samsung, LG to send engineers to Vienam upon government permission
Affiliates of Samsung Electronics and LG Electronics will send a total of 430 engineers to Vietnam in order to support their plants’ operations there, as the Vietnamese government has decided to exempt Korean staff from its two-week quarantine policy, according to industry sources Tuesday.
Ford Vietnam has to suspends its production
Amidst the Covid-19 pandemic, Ford Motors - one of the largest international automakers in Vietnam - has become the first to suspend production as a safety measure .
Vietnam is supported to stabilize the forex market from sufficient resources by the State Bank
The State Bank of Vietnam will continue to take monetary measures and tools synchronously to stabilise the foreign exchange market amid the complex development of COVID-19 pandemic.
1.32 million workers are to suffer from Covid-19, MOLISA predicts
Manufacturing and processing, transportation, logistics and tourism are the hardest hit by the Covid-19 pandemic, accounting for 75 – 85% of the total number, according to Vietnam Ministry of Labor Invalids and Social Affairs (MOLISA)
EUFTA facilitates European investors' capital to enter Vietnamese banks
On February 12, 2020, the EU Parliament approved the FTA between the EU and Vietnam – EVFTA. The agreement is expected to create a new European investment wave into Vietnam’s banks.
Samsung Galaxy Note could be delayed due to Vietnam’s entry ban
Vietnam’s restriction on travel from South Korea have impacted Samsung, and could put the Galaxy Note smartphones behind schedule.
