Amid the information that the EU and the US shut down borders to immigration and medical quarantine and will also halt the import and export of goods, the Ministry of Industry and Trade (MoIT) on March 21 informed that the EU and the US do not apply any measures to restrict the import of goods from Vietnam.

The domestic shrimp industry has not faced a great impact from the novel coronavirus-caused acute respiratory disease (COVID-19) because now this industry is under production and Vietnam will enter its shrimp harvesting crop in August.

Vietnam garment makers are struggling as EU and US buyers cancel orders over the Covid-19 crisis. Revenue falls and staff cuts loom.

Dialogue partners of ASEAN are still committed to signing the Regional Comprehensive Economic Partnership (RCEP) agreement by the end of 2020 as scheduled despite the spreading novel coronavirus SARS-CoV-2, according to the local media.

Deputy Prime Minister and Foreign Minister Pham Binh Minh, in his capacity as ASEAN 2020 Chair, delivered a speech at an ASEAN-EU ministerial teleconference on cooperation in coping with the epidemic on March 20.

Singapore's economy may contract 0.8 per cent this year from the impact of the coronavirus pandemic after growing 0.7 per cent in 2019, said S&P Global Ratings on Monday (March 23).

The European Union (EU)’s border closure to prevent the spread of the novel coronavirus disease (COVID-19) has not yet had a significant impact on goods circulation, said an official from the Ministry of Industry and Trade.

United Nations Secretary-General Antonio Guterres warned on Thursday that a global recession "is a near certainty" and current national responses to the coronavirus pandemic "will not address the global scale and complexity of the crisis."

It’s taken weeks of calls and letters to the Trump administration to get a response over potential tariff reductions as the coronavirus outbreak threatened to snuff out countless small- and medium-sized U.S. businesses.

While most textile and footwear enterprises in Việt Nam struggled to find alternative sources of raw materials to maintain production, some with local sources have survived during the COVID-19 pandemic.