“Practise our core values and compassionate finance. We hope our donation of VNĐ1.2 billion in cash and other donations … will make a significant contribution towards protecting people’s lives, and by that we are giving some peace of mind during this trying time. We hope to see more hands join the battle so we could get through this challenging time together.” … [Read more...] about Latest covid-19 news in Vietnam and Southeast Asia on April 7 (updated hourly)
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This negative outlook is also being mirrored in other sectors, with the Vietnam Timber and Forestry Product Association stating that all five key importers of Vietnamese woodwork products, including the United States, the European Union, Japan, China and the Republic of Korea have chosen to either delay or cancel orders that had been placed with their Vietnamese counterparts. … [Read more...] about BUSINESS NEWS HEADLINES APRIL 7
Some exports such as electronics, automobiles and chemical products are likely to suffer hits from supply chain disruptions in mainland China, while other exports, notably metal products, machinery and equipment, could gain from trade diversion, though probably not enough to offset the impact from supply chain disruption. … [Read more...] about BUSINESS NEWS HEADLINES APRIL 8
I am convinced that Vietnam will emerge stronger from this crisis with a prudent monetary and fiscal policy. The role of the Vietnamese economy in the world will grow. In view of the foreseeable fall in asset prices, particularly in the EU, good investment opportunities will arise for Vietnam within the framework of the ratified EU-Vietnam Free Trade Agreement. In any case, free trade will help all participating nations to get back on their feet more quickly. So far, it seems that the current Vietnamese crisis policy can indeed serve as a role model for others. … [Read more...] about Coping with the outbreak in the Vietnamese way – a role model?
Mr Keith Hemshall, Cushman & Wakefield's Executive Director, Head of Office Services, Hong Kong, commented, "In addition to corporations holding off on any expansion plans in the face of uncertainties or due to cost constraints, the pandemic has forced a trial of remote or flexible working. With this as an option, some companies will consider the viability of cutting leased space to save costs, while maintaining operations without compromising the level of productivity and service quality. We expect these considerations will further undermine leasing demand and the amount of net absorption in the near future." … [Read more...] about Net office absorption shrinks by the most in a quarter in 18 years, pushing overall availability higher to 10%