The heavy impacts of the COVID-19 pandemic on the domestic and global economies were requiring firms to reshape their production and business strategies as well as their competition models to increase resilience against external shocks.
The European Union Free Trade Agreement (EVFTA) will create significant opportunities for Vietnamese firms to recover and develop after the COVID-19 pandemic, Deputy Minister of Industry and Trade Tran Quoc Khanh said at a conference on Monday in Ha Noi.
The coronavirus pandemic has changed consumer shopping behaviour, prompting retailers to embrace online commerce to keep up with new trends.
The recent skyrocketing demand for corporate bonds, fuelled by lowered interest rates and ebb and flow of the economy, has raised questions of high-yield coming with high risks.
The ongoing health crisis has been taking a heavy toll on the Vietnamese economy. Deputy Minister of Planning and Investment Tran Quoc Phuong talked with Ha Nguyen about Vietnam’s need to develop a new economic model of high resilience and swift responses to possible shocks.
With fewer concerns about currency and external stability, Vietnam’s central bank is likely to be more comfortable with delivering interest rate cuts to support growth.
Trade volume between Cambodia and Japan reached over $586 million in the first quarter of this year, up 4.90 per cent year-on-year, despite the Covid-19-fuelled demand and supply shocks reverberating across the global economy, a report from the Japan External Trade Organisation (Jetro) shows.
A calm mindset and rapid response are important factors helping beverage maker Tan Hiep Phat deal effectively with the Covid-19 crisis, says Deputy CEO and board member Tran Uyen Phuong.
While Vietnam remains significantly exposed to the COVID-19 outbreak and the ongoing turbulence in the global financial markets, its economy stays resilient to external shocks in the first few months of 2020, according to the World Bank (WB).
Investors may want to prepare for choppy trading this week as the market is still vulnerable to the unpredictability of global shocks inflicted by the COVID-19 pandemic, said analysts.