Some exports such as electronics, automobiles and chemical products are likely to suffer hits from supply chain disruptions in mainland China, while other exports, notably metal products, machinery and equipment, could gain from trade diversion, though probably not enough to offset the impact from supply chain disruption. … [Read more...] about BUSINESS NEWS HEADLINES APRIL 8
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The world is currently teetering on the brink of the global health crisis. This pandemic was the trigger of the downturn, but certainly not the cause, which lies much deeper. After the longest economic boom of modern times after 2008, many seemed to have forgotten that economic crises have always been and still are quite normal. As in the past, there will be winners and losers. It will depend on how countries will deal with the crisis and what economic policy measures will be taken. Vietnam is presenting an interesting package of measures. Can it serve as a model? The world is currently teetering on the brink of the global health crisis. This pandemic was the trigger of the downturn, but certainly not the cause, which lies much deeper. After the longest economic boom of modern times after 2008, many seemed to have forgotten that economic crises have always been and still are quite normal. As in the past, there will be winners and losers. It will depend on how countries will deal with … [Read more...] about Coping with the outbreak in the Vietnamese way – a role model?
From Wuhan, the coronavirus spread rapidly to infect nearly every country on Earth, killing more than 80,000 people, battering the global economy and forcing around half of humanity into some form of lockdown. Its march across the planet has affected every level of society from workers to royals, with Britain's Prime Minister Boris Johnson fighting the illness in intensive care. But the joy of people finally free to leave Wuhan -- many of them queuing up to depart in hazmat suits -- provided some cheer to a gloomy world, offering proof the virus would not last forever. "You have no idea! I was already up around 4 am. I felt so good. My kids are so excited. Mum is finally coming home," said Hao Mei, a 39-year-old single mother rushing to nearby Enshi to see her young children for the first time in two months. "I've been stuck for 77 days! I've been stuck for 77 days!" shouted one man, who arrived at the railway station for a train back to his home province of Hunan. A robot whizzed … [Read more...] about Wuhan exodus sparks virus hope despite mounting death toll
During a teleconference on April 7, the officials also consented to propose the Viettel Military Industry and Telecoms Group (Viettel) to support a connection line for Laos, especially between hospitals of the two countries so that they can share experience and methods in treating COVID-19 infection cases. … [Read more...] about Latest Coronavirus News in Vietnam & Southeast Asia (updated hourly)
According to the ILO, the crisis will cut the total working hours by 6.7 percent worldwide in the second quarter of this year, equivalent to the loss of 195 million full-time jobs. The hardest-hit regions include Arabian countries (8.1 percent of working hours, or 5 million full-time jobs), Europe (7.8 percent, or 12 million full-time jobs) and Asia-Pacific (7.2 percent, 125 million full-time jobs). … [Read more...] about ILO Vietnam willing to help Vietnamese gov’t, employers, workers