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?
Where role does water play in respiration
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)
Thanh said that Scavi was luckier than many other textile and garment manufacturers because the majority of its customers from the US and Europe have opted to extend the deadline to receive orders or reduce the order volume, instead of cancelling orders. “Of course, we have to shoulder extra expenses for storage in Vietnam before we can export our products, but it could be far worse,” Thanh said. … [Read more...] about Maintaining business stability a top task for foreign investors