Vietnam is easing social distancing restrictions, seeking ways to live safely with the epidemic, and beginning to restore production and business to revive economic growth. The whole country is adapting to a new “normal”.
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Việt Nam has gained success in reforming business conditions over the past seven years. However, the nation has not reached its target at being one of the top four ASEAN business environments.
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Although production activity is heavily affected by the Covid-19 pandemic, domestic and foreign investment capital still poured into export processing zones and industrial zones (EPZs, IPs) of Ho Chi Minh City in the first months of 2020.
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HCM City authorities are seeking opinions from experts and enterprises on the best ways to revive the economy, a top city official said yesterday at a seminar.
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The world is changing as the ongoing coronavirus (COVID-19) pandemic continues to present unprecedented challenges to all economies, industries and living conditions.
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The COVID-19 pandemic has hit Việt Nam from the end of January, directly impacting the domestic labour market, according to the General Statistics Office (GSO)'s report on labour and jobs in the first quarter of this year.
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As an agricultural country with millions of farming households, agricultural products in general, including rice is the main export industry with turnover of billions of dollars each year, contributing to improving the lives of farmers.
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Future trade between Vietnam and the EU is anticipated to enjoy strong growth when the EU-Vietnam Free Trade Agreement (EVFTA) is implemented due to the majority of import tariff lines set to be reduced to 0%, while import-export turnover is expected to enjoy a surge, therefore contributing to increasing the number of cases relating to trade remedies.
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Vietnam is a strong candidate among the alternative investment destinations as Japanese enterprises are moving away from China due to the COVID-19 pandemic, according to Hirai Shinji, Chief Representative of the Japan Trade Promotion Organisation (JETRO) in Ho Chi Minh City.
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Although Vietnam's FDI attraction in the first quarter of 2020 fell sharply compared to the same period in 2019, according to experts, in the context of difficulties caused by the disease, this is still an encouraging result and a bright spot in Vietnam's economic picture in early 2020.
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