How gdp related to economic growth

Malaysia's movement restrictions have prevented major daily spikes in coronavirus infections, the government said on Tuesday, but the World Bank warned the trade-reliant country's economy would shrink this year for the first time in more than a decade. … [Read more...] about SE Asia Stocks-Indonesia, Vietnam rise on govt measures to soften virus impact

Hanoi (VNA) – Vietnam’s GDP growth rate of 3.82 percent in the first quarter of 2020, a record low since 2011, is still a miracle amidst a global economic recession, an official has said. In an interview with Dau tu (Vietnam Investment Review) newspaper, Duong Manh Hung, Director of the System of National Accounts Department under the General Statistics Office (GSO), said the COVID-19 outbreak has been causing considerable and unprecedented impacts on economic activities, travel and lives among people around the world. As an open country with an integrated economy, Vietnam has also been under great pressure. Aside from the pandemic, the country has also been affected by adverse weather conditions, along with early and serious saltwater intrusion, which have strongly impacted crops. Meanwhile, animal farming still faces African swine fever which is not yet under full control and avian influenza which has appeared in many localities, Hung said. He added the increased fines … [Read more...] about GDP growth of 3.82 percent in Q1 is a miracle: official

Earlier, on March 28, Bamboo Airways announced that the airline had suspended accepting foreign passengers to enter Viet Nam on all charter flights for humanitarian purposes during the peak period of prevention of COVID-19 across the country, starting from 28 March to 15 April. This solution is to reduce the heavy burden for medical staff and functional forces at this time when the disease situation in Viet Nam is getting more complicated, and many quarantine facilities in Viet Nam are now overloaded. … [Read more...] about Bamboo Airways operates repatriation flight for EU citizens

Everpia now operates three factories in Vietnam. Its distribution system in the country has expanded continuously from 154 agents in 2008 to around 400 now. While the South Korean investor has expanded its business in Vietnam in the last year by opening a new business of curtains and blinds to meet the local demand for high-quality and affordable products, the company is being forced to postpone the next investment steps, focusing instead on developing preventive measures to possible risks in the future. … [Read more...] about Grounds for new hope to unfreeze FDI process

He asked people to refrain from going out, except when really necessary such as buying food and medicine. Implementing the Prime Minister’s directions to curb the pandemic given its complicated developments, Phong outlined several tasks that the southern economic hub will carry out within 15 days, starting from 0:00 am April 1. He ordered the municipal Department of Industry and Trade to coordinate with the Union of Trading Cooperatives (Saigon Co.op) and Saigon Trading Group (Satra) to ensure the supply of essential goods for people, and encourage online shopping and home delivery. Meanwhile, the Department of Transport is responsible for working with districts to arrange passenger trips according to anti-coronavirus regulations, and suspend public buses, intercity buses, and taxi services. Official vehicles, employee shuttle buses, and trucks delivering food and carrying production material must be operated in accordance with the health ministry’s instructions. Mr. … [Read more...] about HCMC calls for people’s unity in COVID-19 fight