Businesses struggle as another outbreak hits As another wave of COVID-19 hits the nation, many businesses are already on the verge of collapse.

Tra fish companies see profits slump in pandemic

Multiple tra fish companies suffered losses due to falling export prices and lower orders, focusing instead on the domestic market amid the COVID-19 pandemic.

PNJ’s profit and revenue plummet in Q2 According to PNJ, due to the COVID-19 outbreak, the company had to temporarily close 85 per cent of its stores in April.

Motorcycle sales plummet

Members of the Việt Nam Association of Motorcycle Manufacturers (VAMM) sold nearly 519,000 motorcycles in the second quarter this year, a year-on-year decrease of 30.77 per cent.

Shares plummet on GDP growth record low and surges in COVID-19 fatalities Local shares tumbled on Monday as the second-quarter GDP growth record low and the relentless spread of the coronavirus hit market sentiment.

Firms with greenback loans see more positive outlook in Q2 2020

Firms with US dollar-denominated debts estimate to regain significantly in the second quarter of this year as the US dollar has devalued against the Vietnamese đồng in the period after reporting a surge in the first quarter.

Garment exports forecast to plummet due to lack of orders Trương Văn Cẩm, deputy chairman of Vitas, said these figures were anticipated to fall much further in May and June due to the majority of export orders being cancelled or delayed.

Grim economic data reveals virus devastation A new raft of bleak economic data laid bare the crippling worldwide impact of the coronavirus pandemic on Thursday, as hard-hit Europe moved to further ease lockdown measures in a bid to get people back to work.

Pandemic speeds up M & A deals as companies become cheap

In the first quarter of the year, Việt Nam foreign investors acquired stakes worth US$2 billion in local companies.

90 per cent of travel firms suspend operations More than 20,000 staff at hotels and tourist accommodations in HCM City were laid off or put on unpaid leave in the first quarter of the year due to the COVID-19 pandemic, according to a report released by the municipal Department on Monday (April 13).