Lack of regulations on requiring goods invoices is causing the likes of Facebook and Shopee to become indirect culprits of suffusion of goods with unidentified origin, raising concerns on the piracy of genuine products.
250,000 workers will lose their jobs this quarter and another 1.5-2 million face a similar threat as a result of the coronavirus pandemic.
Fitch also lowered Vietnam's GDP growth projections to 3.3% in 2020 from 7.0% in 2019, on account of the pandemic.
The global COVID-19 pandemic has had a significant, negative impact on European business in Viet Nam, according to the latest Business Climate Index (BCI) from the European Chamber of Commerce (EuroCham).
German enterprises were optimitic about the medium-term recovery of the Vietnamese economy, according to the AHK World Business Outlook 2020 released by the Association of German Chambers of Commerce and Industry (DIHK) on Tuesday.
The Business Climate Index of European companies in Vietnam fell to 26 percent in the first quarter due to the Covid-19.
If your business has been experiencing difficulties and deploying measures to ride out the Covid-19 crisis, a new survey would like to hear from you.
Both short- and long-term solutions are needed for enterprises to avoid severe consequences of the pandemic, said VCCI Chairman Vu Tien Loc.
While COVID-19 has had a significant negative impact on European business in Vietnam, many European companies have welcomed the government’s actions and measures to keep the economy afloat, according to the latest Business Climate Index (BCI) from the European Chamber of Commerce (EuroCham).
Amidst the complicated developments of the acute respiratory infection that has grown into a global pandemic, foreign-invested enterprises are struggling to maintain business as usual, and taking measures to curb the spread of the virus and ensure employees’ health.