HCM City (VNA) - German enterprises have said they expect that Vietnam’s economy will recover in the mid-term, according to the AHK World Business Outlook 2020 released by the Association of German Chambers of Commerce and Industry (DIHK) on April 7. … [Read more...] about German firms optimistic about Vietnam’s mid-term recovery
German rental car company
Despite concerns about the effect of the coronavirus on businesses, German firms are still optimistic and have higher expectations for the Vietnamese market Accordingly, German companies’ revenue expectations dropped significantly due to the coronavirus. The survey shows that 82 per cent report adjusting revenue targets downward because of the epidemic. 9 per cent have serious problems and expect a significant decline of more than 50 per cent. 63 per cent calculated with a loss of 10-50 per cent. … [Read more...] about Despite COVID-19, German companies hell-bent on investing in Vietnam
News of a February study in China about the use of chloroquine for the coronavirus had already sparked lively debate in Lagos, so people began stocking up. … [Read more...] about Coronavirus and chloroquine: Is there evidence it works?
Mr Kevin Lam, Cushman & Wakefield's Executive Director, Head of Retail Services, Hong Kong, said, "Due to the double whammy of the social unrest and COVID-19 outbreak, the retail business is likely to remain extremely bleak over the next few months. The situation remains very fluid, but we expect that once the pandemic is over, retail sales and the F&B business will return to a similar level as in January, a point when the market impact from the social unrest had subsided and that from the pandemic had yet to be seen." … [Read more...] about Net office absorption shrinks by the most in a quarter in 18 years, pushing overall availability higher to 10%
In a report recently submitted to the National Assembly Committee on Social Affairs, the association outlines their prediction that between 60% and 80% of its firms will move to temporarily suspend operations by the middle of April, therefore affecting 800,000 workers. This massive number of layoffs could increase to 1.2 million by the end of April if all businesses cease operations. … [Read more...] about BUSINESS NEWS HEADLINES APRIL 7