Many of the 23 Vietnamese provinces and cities that have been under strict social distancing measures to contain the fourth COVID-19 outbreak are gradually reopening their economies towards the new normal.

Prime Minister Pham Minh Chinh on September 26 presided over an online meeting with representatives of the business circle and localities to discuss measures to continue supporting firms in the context of the COVID-19.

Foreign direct investment (FDI) enterprises often organise their production systems around the world, so when production in a region has problems, they will move production to another region with more favourable conditions. However, no FDI enterprises have moved their investment out of Vietnam due to the impact of the COVID-19 pandemic.

The Vietnamese Embassy in Thailand, in collaboration with the Thai Embassy in Hanoi, co-organised a webinar themed “Vietnam-Thailand economic cooperation in response to the COVID-19 pandemic” on September 23.

Australian people will have a chance to taste Vietnamese cashew nuts in a programme which will be held by the Vietnam Trade Office in Australia from September 25 – October 2.

India’s imperative is trade with China, not war. India (6%) has no option but to trade with China (18% of global GDP), US (16%), EU & Japan (15%).

Taiwan has filed an application to join a key Asia-Pacific trade pact just days after China submitted an application.

Foreign business associations all said that the quick reopening of the economy is an urgent need at this time.

Vietnam stands ready to share information and experience with China in joining the CPTPP, spokeswoman of the Ministry of Foreign Affairs has said.

As Việt Nam moves toward recovery, the development of a productive and diversified private sector will become more imperative given scarce public resources, international experts have recommended.