The seafood sector and tuna fishing in particular are facing obstacles regarding the consumer market, with traceability and sustainability considered the best way forward in a post-pandemic Vietnam. Keith Symington, marine and fisheries advisor to WWF Vietnam, dives into the issue.
The domestic real estate market is hoped to have growth in the fourth quarter of this year and before the Lunar New Year 2021 if, by this year-end, the domestic economy is restored to levels from before the COVID-19 pandemic.
Banks in HCM City had slashed interest rates, extended debt repayment deadlines, and maintained debt classifications for businesses hurt by the COVID-19 on the total loans worth more than VND384.6 trillion (US$16.53 billion) as of June 29.
Amidst the new wave of foreign investment and relocation after the pandemic, director general of the Ministry of Planning and Investment’s Foreign Investment Agency Do Nhat Hoang explained to VIR’s Nguyen Huong Vietnam’s outstanding advantages and how it can seize arising opportunities.
A new wave of foreign direct investment driven by global uncertainty such as the US-China trade war and the COVID-19 pandemic is imminent in Viet Nam, and it will have a much bigger impact on the economy than previous FDI inflows, according to investment fund VinaCapital.
Housing demand remains high in Ho Chi Minh City despite impact of the COVID-19 pandemic, according to US-based real estate and investment management services firm Jones Lang LaSalle (JLL).
Barriers in the business environment must be removed to promote the development of private enterprises, which is considered a push for post-pandemic economic growth, experts said.
The Vietnamese manufacturing sector returned to growth in June as success in suppressing the coronavirus pandemic and greater business confidence helped lead to renewed expansions in output and new orders.
In the times of post-pandemic recovery, the EU-Vietnam Free Trade Agreement (EVFTA) and administrative reforms will be the key to boosting trade relations between Vietnam and the EU.
Vietnamese economy’s resilience, the government’s capable handling of the pandemic, and it being a beneficiary of supply chain relocation could help the country rebound quicker versus the region.