F&B chains, which had ro close during social distancing, have shifted to sell food online and create new products to attract more clients. Vua Cua Restaurant (Crab King) in HCM City, instead of selling seafood, now spends three hours a day to make and sell dumplings. Coffee Bike now focuses on selling powdered coffee to retain loyal clients. Saigon Tourist, a travel firm, is providing door-to-door food through its network of 100 restaurants and hotels. iVivu, another tourism company, instead of laying off workers, has recruited more workers to provide lunch services. It now provides 1,000 servings a day and the figure is predicted to double weekly. … [Read more...] about Small businesses change business models to survive pandemic
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In such conditions, many of Vietnam’s business fields will be seriously affected, including services, trade, industrial production and construction. In the short term, agriculture, transport, tourism and hospitality have suffered the most. As for the banking sector, according to the credit department of the State Bank of Vietnam, VND926 trillion worth of outstanding loans will be affected by Covid-19. … [Read more...] about Is European capital targeting Vietnam’s banks?
At the meeting, Vice Chairman of the Can Tho People’s Committee Dao Anh Dung said transport, logistics, irrigation, and anti-erosion and subsidence are the issues that the Mekong Delta currently needs inter-provincial projects on to boost the region’s common development. He asked the GIZ to reconsider mechanisms and policies on regional connectivity, council and management to help solve these problems. … [Read more...] about BUSINESS NEWS HEADLINES MAY 12
Vinamilk remains focused on expanding exports going forward, looking mainly at Africa, Southeast Asia and the Middle East. In 2020, the company secured an export licence in China and plans to export condensed milk there. Although China's dairy imports are growing at a very fast pace and is an attractive market, Fitch noted it is an extremely competitive market which may prove difficult to enter. … [Read more...] about BUSINESS NEWS HEADLINES MAY 14
The province plans to focus on the domestic market during the recovery stage. From now to the end of the year it will offer various discounts on entry tickets to local tourist sites in order to boost demand, and will also host a nationwide travel conference to connect providers of accommodation and tourism services while promoting Hue as a safe destination. … [Read more...] about BUSINESS NEWS HEADLINES MAY 6