A representative of the automaker said its factory in the central city of Da Nang would halt operations, while its dealers in Ha Noi and Da Nang had already closed and others in the southern region had cut staff to less than 20 members each day to support customers when necessary. … [Read more...] about Nissan Viet Nam halts operation as of April 5
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COVID-19, price decline hit Viet Nam’s oil industry
According to Fitch, many of Viet Nam’s largest oil and gas fields have large foreign ownership. For many of these firms, upstream plays in higher-risk emerging markets such as Viet Nam are outside of their core portfolio, and as such, budgeted spending in Viet Nam has the potential to be among the first to go in the event of any capex cuts. … [Read more...] about COVID-19, price decline hit Viet Nam’s oil industry
China raw materials supply resumes, but Viet Nam’s export markets close borders
However, when this problem began to be resolved by the end of March, Covid-19 broke out in the EU and the US, causing consumer demand for clothes and footwear to slump. The production capacity of these industries is far higher than domestic demand since they are mainly geared for exports, especially to these two markets. … [Read more...] about China raw materials supply resumes, but Viet Nam’s export markets close borders
COVID-19, price decline hit Việt Nam’s oil industry
Việt Nam’s State-owned oil producer PetroVietnam (PVN) has yet to commit to any spending cuts. However, PVN did concede through an official statement that its 2020 revenue was likely to be halved due to the drop-off in crude and losses incurred from some ongoing projects. PVN is also believed to have ordered its subsidiaries to prepare business scenarios for different oil price levels as it contemplates the likelihood of a protracted downturn in prices. … [Read more...] about COVID-19, price decline hit Việt Nam’s oil industry
COVID-19: Việt Nam presents medical equipment to Laos, Cambodia
MoH issues urgent notice to find people in contact with 237th COVID-19 casePM holds phone talks with RoK President Moon on COVID-19 prevention, controlAmerican COVID-19 patient released from Đà Nẵng HospitalGov't issues instructions on implementation of stay-at-home orderGovernment ready to sacrifice economic growth to protect public health: PM … [Read more...] about COVID-19: Việt Nam presents medical equipment to Laos, Cambodia
