In April alone, the IIP slumped sharply by 13.3 per cent over the previous month and by 10.5 per cent over the same period last year. It is also the first IIP decrease in April during the 2016-20 period, the GSO said.
Prime Minister Nguyễn Xuân Phúc has given the green light to the export of medical face masks without any caps on export volume so that Việt Nam would not miss out on the opportunity of becoming the world’s face mask factory amid the COVID-19 pandemic.
The Industry and Trade Ministry will promote the restructuring of industrial production sectors, especially the support industry, due to difficulties in production during the novel coronavirus (COVID-19) pandemic.
Crises tend to accelerate already existing trends and make space for the new
The building material sector would be among the first to benefit from the Government’s efforts to speed up disbursement of public investment, which was identified as a growth driver as the COVID-19 pandemic cast a shadow on the economy.
Nearly 37,600 new firms were established in Việt Nam with registered capital of a combined VNĐ445.2 trillion (US$19.1 billion) in the first four months of this year, down 13.2 per cent in number.
Enterprises in the southern provinces of Việt Nam that have resumed operation after the end of the social distancing period are facing a shortage of workers.
Masan Group Corporation (HOSE: MSN) has reported consolidated net revenues of VNĐ17.632 trillion (US$753.08 million) in the first quarter of financial year 2020, a year-on-year increase of 116.1 per cent.
![](https://release.media-outreach.com/release.php/Images/Thumb/550x366/627153/627153-1-jpg-550x366.jpeg
Moroccan youth Aymene engaged with the "Liangzhu Ancestors AI Face Swap Generator" at Liangzhu Museum, using artificial intelligence to create a personal portrait infused with Liangzhu cultural elements.)
