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Vietnam’s trade activity has been badly hurt by the coronavirus disease (Covid-19) outbreak over the past months. Nevertheless Vietnam has so far contained the outbreak relatively well and more export opportunities are expected to arrive over the coming months.
MoreAnalysts in advanced economies are reckoning with a phenomenon familiar to fragile or failed states – a total economic standstill and the devastation that follows, says Mohamed A El-Erian.
MoreThe global recession brought on by the COVID-19 pandemic is almost certain to be far deeper and more protracted than the one that followed the 2008 global financial crisis. While many governments have pledged to bolster their economies with unprecedented monetary and fiscal stimulus – despite holding already-massive public debt – the best they can probably hope for is to stave off economic collapse. If they insist on turning inward – pointing fingers and erecting barriers, instead of upholding international cooperation and economic engagement – even that may become impossible.
MoreEighty-three per cent of companies in the physical value chain in Việt Nam have been suffering from supply issues over the past two months due to the impact of the COVID-19 pandemic, a recent survey by CEL Vietnam, a supply chain consulting and training firm, has found.
MoreThe Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is expected to create more impetus for Vietnam’s economic development and especially in the promotion of institutional reforms, if there is willingness and adaptability from Vietnamese policy-making agencies and the business community.
MoreThe coronavirus 2019 (Covid-19) pandemic will test the soundness of the economic fundamentals of the Asean+3 economies, including the Philippines, but the region is bound to emerge from the crisis stronger, according to the Asean+3 Macroeconomic Research Office (AMRO).
MoreNegative growth forecast for Singapore and Thailand as unemployment escalates
MoreFood supply chain disruptions caused by Covid-19 may lead to increased food security challenges in ASEAN.
MoreDate for the revised North American trade deal to kick in now up to Americans
MoreRaw material imports from China are no longer the concern for many Vietnamese industries, and it is now the frequent cancellation of orders by US and EU customers, according to the Ministry of Industry and Trade.
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