Vietnam’s government has reacted to the pandemic early and fiercely. Schools were closed, events were cancelled, the population was reminded to be careful, and now, borders were closed and entry to the country has been restricted. Nevertheless, nowhere in Vietnam was any sign of a similar panic to what can be seen now in the increasingly hectic European Union. After the danger had initially seemed to be ignored in the West, headlessness is now apparent. Moreover, thanks to the starving European Central Bank’s (ECB) policy of recent years, essential monetary policy instruments are now missing in the EU. This is different in Vietnam, as we shall see. … [Read more...] about Coping with the outbreak in the Vietnamese way – a role model?
Howie doesnt shake hands
In 2019, Shopee’s gross merchandise value rose 71 per cent to $17.6 billion. Its adjusted revenue increased by 224 per cent to $942 million. However, its earnings before interest, tax, depreciation, and amortisation (EBITDA) index showed negative growth. The gross profit margin reflected that Shopee has been offering tremendous discounts to gain market share and accelerate turnover. … [Read more...] about Should SEA Group stop pouring capital in Shopee?
The provincial administration issued a document on April 6 directing localities in the province to suspend all activities at entertainment sites, botanic gardens, squares, and coastal promenades. Moreover, local residents have been urged to stick to regulations and ensure their safety during the social distancing period … [Read more...] about Quang Ninh gets tough on social distancing violations
Of the proposed measures to help textile and garment makers weather difficulties in the current context, The Vitas has sought the government's permission to allow those in the sector to engage in production and export of items serving the fight against COVID-19 to partly cover expenses in these difficult circumstances. … [Read more...] about Vietnam promotes medical supply exports to support international fight against COVID-19
The Labour Federation in eight districts has called on 93 landlords to reduce rental fees from VNĐ100,000 to VNĐ1 million per month for 4,500 workers. Many of the landlords have presented rice and other essential items to workers who rent their rooms. Workers have been allowed to pay rent at a later date. … [Read more...] about Latest Coronavirus News in Vietnam & Southeast Asia (updated hourly)