Việt Nam News

The impacts of the COVID-19 pandemic have slowed down the operations of businesses in industrial parks (IP), disrupting supply chains and labour, according to a recent report by the Ministry of Planning and Investment (MPI).

Vietnamese shares gave up initial gains on Monday as investors dumped stocks in the large-cap group, pushing down indices.

The capital city’s businesses and production facilities have developed plans to reopen as Hà Nội reports fewer positive cases of COVID-19.

The fourth outbreak of the COVID-19 pandemic starting from late April has had more negative impacts on daily life as well as socio-economic development than the previous waves in the country. However, Viet Nam attracted US$14 billion in foreign direct investment (FDI) in the first eight months of this year, only 2 per cent lower than the same period last year, showing foreign investors’ confidence in the country’s economic scenario in the mid-and long terms.

Farmers across the south and Central Highlands are struggling to sell their harvests due to COVID-19 restrictions on travelling and business operations, leading to a massive pileup of agriculture goods.

Electric cars are an irreversible trend in the auto industry and are expected to grow strongly. To take advantage of this, the Vietnam Automobile Manufacturing Association (VAMA) has outlined plans to develop the local electric car industry.

Fledgling property-backed bond market is tempting investors into the wager for its inviting high yields but experts still warn investors of potential risks of the products.

The COVID-19 pandemic does not slow down technological transformation or digitisation, but in fact speeds them up, companies said.

Textile, garment and footwear industries are still facing many difficulties due the COVID-19 pandemic, and unable to recover production and business in the short term.

The Vietnam Sustainable Energy Alliance (VSEA) raised concerns over the draft of the National Power Development Plan for the 2021 - 2030 period (PDP VIII).