Procedural bottlenecks prevent businesses from benefiting from Government support packages

The central and local governments and other agencies have announced a number of policies and programmes to help businesses overcome difficulties caused by the COVID-19 pandemic, but the many conditions they have to meet means not many have benefited from them, according to experts.

Industrial clusters – a key for effective FDI strategy

Now, as the world may be seeing a relocation trend as a result of adverse impacts on global supply chain during the COVID-19 pandemic as well as rising pressure from the US-China tension, Việt Nam is having a big chance to attract this “relocated” foreign capital.

MoLISA proposes second support package for people affected by COVID-19 pandemic The Ministry of Labour, War Valids and Social Affairs (MoLISA) has proposed a VNĐ18.6 trillion package to those affected by the COVID-19 pandemic, helping them promote production and maintain employment.

Việt Nam expects imminent new wave of foreign investment In late July, news that 15 Japanese companies received support from their Government to move to Việt Nam from China became a hot topic in the media.

More than 50 years of remarkable transition of ASEAN

On August 8, the Association of Southeast Asian Nations (ASEAN) will celebrate the 53rd anniversary of its establishment. Along this remarkable growth journey, ASEAN has undergone significant transitions.

Pandemic forces firms to restructure

The heavy impacts of the COVID-19 pandemic on the domestic and global economies were requiring firms to reshape their production and business strategies as well as their competition models to increase resillience against the external shock.

Economic restoration needs 'wartime' policy effort

The Government’s new growth target of 4 per cent this year, though ambitious, could still be achieved if policy implementation is organised well.

Finding opportunities to export to EU despite adversity of COVID-19

Economist Võ Trí Thành said that to adapt to the trend of restructuring the global supply chain caused by the pandemic, Vietnamese businesses must focus on innovation and utilise digital transformation to bring products to market.

Can Việt Nam take advantage of new foreign investment strategies?

COVID-19 has been deemed a catalyst for investors to take the 'China plus one' strategy into more significant consideration and the trend of shifting manufacturing bases to Việt Nam has recently picked up pace.

Wood processing firms survive amid Covid-19, eye post-pandemic opportunities

Many wood processing firms have managed to operate despite the Covid-19 pandemic and many have even chalked out measures to take advantage of the opportunities on offer when the pandemic is over.