The State Bank of Việt Nam (SBV) will soon make a decision on cutting the benchmark interest rate to support the economy amid the COVID-19 outbreak, the bank’s Deputy Governor Đào Minh Tú revealed at a meeting on Thursday.
The total asset value of Vietnamese dollar billionaires have dropped according to statistics from Forbes.
After Việt Nam’s pork industry was hit hard by the outbreak of African Swine Flu and COVID-19, the Ministry of Agriculture and Rural Development (MARD) say they will increase pork imports to reduce prices for the domestic market.
The high consumption of beer in Việt Nam has previously attracted brewers to cash in. But now, the Việt Nam Beer Alcohol Beverage Association (VBA) is asking the Government for help.
Firms need to prepare plans to ensure uninterrupted business activities during the outbreak, said Prime Minister Nguyễn Xuân Phúc on Thursday in a meeting with representatives of private economic groups in tourism, services, aviation, food and industry.
Shares suffered a steep fall on Thursday as investor pessimism mounted after the World Health Organisation (WHO) declared COVID-19 as a pandemic.
Prime Minister Nguyễn Xuân Phúc has urged private businesses in Việt Nam to be prepared and look for opportunities following news that companies in countries like China, Japan and South Korea would soon resume production after disruptions due to Covid-19.
The chairman of Hà Nội’s People's Committee has asked the city’s Tax Department to put forward support measures for businesses and a realistic budget collection scenario after assessing the impact of the novel coronavirus (COVID-19) epidemic on the manufacturing and service sectors.
Vietnamese shares plunged on Wednesday with VN-Index recorded as the worst daily performing index index in Asia during the session.
Several companies have put annual shareholders’ meeting on hold on worries about the spread of coronavirus pandemic.
Building an effective trade defence system is increasingly important for Việt Nam. Vietnam News Agency talks to Lương Hoàng Thái, director of the Multilateral Trade Policy Department under the Ministry of Industry and Trade, about this issue in light of the EU-Việt Nam Free Trade Agreement.
