Temporary factory closures and imminent layoffs are going to push textile and garment enterprises into deep water due to a lack of raw materials as well as mass order cancellations from European and American buyers during the ongoing global health crisis.
The Ministry of Industry and Trade has been cracking down on profiteers for selling face masks, hand sanitisers and other items for inflating prices due to the high demand caused by the ravaging COVID-19 epidemic.
Business sentiment dropped to the lowest since this series was added to the survey in April 2012 amid concerns around the effects of Covid-19.
Vietnam has prepared enough consumer goods for a 15-day nationwide social distancing period requiring people to stay indoors and practice social distancing, officials say.
TC Motor will suspend vehicle production in the northern province of Ninh Binh from April 1 to 15 due to concerns of COVID-19 spreading.
There will be no shortage of goods for the capital city as Ha Noi starts prepping for a two-week nationwide isolation order to stop the spread of the novel coronavirus (COVID-19), said Tran Thi Phuong Lan, deputy head of the Ha Noi department of industry and trade.
The US-based aviation firm Universal Alloy Corporation (UAC) has put its Da Nang facility into operation. The factory will be a sole-source supplier producing over unique 5,000 aerospace components for Boeing aircraft.
The Sunshine aerospace components manufacturing facility was recently inaugurated in the central city of Da Nang, according to the Da Nang Hi-Tech Park and Industrial Zones Authority.
Businesses are proposing a reduction in power prices to help them overcome challenges brought about by the Covid-19 pandemic.
Toyota Motor Vietnam (TMV) suspended vehicle production on Monday. Production resumption will depend on the outbreak situation, market demand, supply chain situation, stocks and the Government’s restriction regulations.