Mai Linh has now temporarily ceased operations in Da Nang City and Hoi An Town, the country's coronavirus hotspots. Its revenue in these localities and in some other tourist destinations like Nha Trang and Da Lat have dropped by up to 50 percent from earlier. … [Read more...] about Covid-19 makes life more difficult second time around: businesses
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Hanoi (VNA) – Foreign experts have highly evaluated Vietnam’s response to the recurrent outbreak of COVID-19. In a BBC article published on August 8, Prof Michael Toole, an epidemiologist and principal research fellow at the Burnet Institute in Melbourne (Australia), said: “Like in the first wave, Vietnam has responded quickly and forcefully” when talking about the sudden resurgence of the coronavirus in Da Nang. This central city sealed itself off from visitors and retreated into full lockdown after Patient 416, the first case of local infection after 99 days without community transmission in Vietnam. Each resident is set to be tested for the virus, and a field hospital has been erected as every resource is thrown at slowing the spread of the disease, according to the article. Meanwhile, Hanoi has closed down bars and karaoke parlours as an extra precaution, and several cities, including the capital and Ho Chi Minh City, have made face masks compulsory … [Read more...] about Foreign experts value Vietnam’s response to latest COVID-19 outbreak
* Vo Tri Thanh is a senior economist at the Central Institute for Economic Management (CIEM) and a member of the National Financial and Monetary Policy Advisory Council. The holder of a doctorate in economics from the Australian National University, Thanh mainly undertakes research and provides consultation on issues related to macroeconomic policies, trade liberalisation and international economic integration. Other areas of interest include institutional reforms and financial systems. VNS … [Read more...] about Can Vietnam could take advantage of new foreign investment strategies?
If you take a closer look into the complementarities of our two economies, greater interdependence is really a win-win situation. These positive effects will of course only materialise if the promises and obligations of the agreements are swiftly put into practice. The benefits of the agreements will depend on the level of transparency and predictability of government behaviour in contact with business. Businesspeople and investors can be shy and have options to move elsewhere. Attracting and retaining more European FDI will require reforms and streamlining of rules and procedures. Digitalisation and access from outside of Vietnam to start and accomplish these procedures could help attract more small- and medium-sized global players. VIR … [Read more...] about How the EVFTA and EVIPA will help Vietnam lure investment