To develop the support industry for the leather and footwear sector, the State should have policies to encourage the development of new materials, according to the Việt Nam Leather and Footwear Association (Lefaso).

According to the General Statistics Office of Vietnam, in the first four months of this year, there were 2,523 times of capital contribution and purchase of shares of foreign investors with a total value of nearly US$2 billion, an increase of 52.6 percent over the same period last year.

Some developing countries in Asia, including Việt Nam, could still grow amid the COVID-19 pandemic due to an increase in domestic demands when the manufacturing sector recovers.

Strengthening the application of trade defence instruments would be necessary for Việt Nam, which was among countries with the highest economic openness level, according to the Ministry of Industry and Trade.

The COVID-19 pandemic has not only affected people's health but also disrupted supply chains, negatively affecting the global and regional economy. Minister of Industry and Trade Trần Tuấn Anh talks with Vietnam News Agency about plans for economic recovery, and the Special ASEAN Plus Three Summit on Coronavirus Disease 2019 (COVID-19) that was held via video conference.

Vietnamese fruit and vegetable exporters are seeking to make inroads into Thailand amidst the COVID-19 pandemic.

The Cambodia-China Free Trade Agreement is expected to be finalised next month.

International Monetary Fund Managing Director Kristalina Georgieva said on Tuesday it was "very likely" the Fund would cut global growth forecasts further as the coronavirus pandemic was hitting many economies harder than previously projected.

The pandemic’s impact on the economy is the equivalent of scrambling the pieces of a puzzle and then trying to put it back together in a new shape.

In the face of difficulties caused by COVID-19, the business community is in need of support to revive its operations, and the Government has acted quickly to assist enterprises in overcoming this challenging period.