Exporting new cars to china

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 Vietnam’s export markets close borders

Answering the question of “Think about your government’s reaction to the COVID-19 right now. Do you believe measures taken are too much or too little?”, almost half the world (43%) say the governments are doing too little in response to the outbreak. However, citizens in eight out 45 countries surveyed believe on average that their governments are overreacting and doing ‘too much’ in response. … [Read more...] about Only one new case of COVID-19 reported in Vietnam today

It comes after some studies suggested the new coronavirus can be spread through speaking and breathing, not just coughing and sneezing. US authorities said wearing a simple homemade mask or scarf could help stem rocketing infection rates. … [Read more...] about Global virus deaths top 60,000, Trump warns of ‘tough week’ ahead

Hanoi (VNA) – Millions of labourers in Southeast Asia could lose their jobs as economies grind to a halt due to impact of the COVID-19 pandemic, according to a report by the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP). In the policy paper on the Asia Pacific region issued on March 26, ESCAP noted that while exact data on the impact of the pandemic on employment remained unavailable, the impact is likely to be substantial as services and labour-intensive manufacturing comprise over 80 percent of the region's informal sector and small and medium enterprises (SMEs) and contribute to most of the jobs in the region. The report stressed the need for countries with weak social protection systems to have ample policy space to save jobs and support minimum living standards for households. Meanwhile, in its report issued on April 3, the Asia Development Bank projected that growth in Southeast Asia will decelerate from 4.4 percent in 2019 to 1 percent … [Read more...] about COVID-19 to force millions of Southeast Asian labourers to lose jobs

Thailand is giving a 5,000 baht (USD 150) monthly support for three months to some nine million informal or self-employed workers. Singapore's supplementary budget worth some SGD 48 billion (USD 33.36 billion) pays unemployed workers SGD 800 a month, for three months, to help them look for a new job or undergo training. … [Read more...] about COVID-19 to force millions of Southeast Asian laborers to lose jobs