covid-19 impacts

Update news covid-19 impacts

Vietnam Railway Corporation seeks nearly $35 million loan to sustain operations

To survive in the Covid-19 pandemic, the Vietnam Railways Corporation (VNR) has applied for a non-interest loan package worth VND800 billion (nearly $35 million), according to Vu Anh Minh, VNR Chairman.

Solutions proposed to handle bad debts amid COVID-19 pandemic

Bad debts may climb by the end of the year as the pandemic has interrupted the production of many enterprises and they had no revenue to repay debts. 

The return of the bicycle

Bicycles now suit well the diverse demand of urbanites during the time of the pandemic, speeding up changes in lifestyles and cultural practices.

Coffee chains still grow amid pandemic

Despite the impacts of the COVID-19 pandemic, competition between coffee chains in Vietnam has become increasingly fierce with more giants trying to grab a slice of the lucrative market.

Ministry takes action to save local airlines

The Ministry of Planning and Investment (MPI) proposed plenty of solutions aiming to save airlines from bankruptcy.

Multitude of options on table for further tax interventions

With the current outbreak still not entirely controlled, the government stands at a complicated crossroads as it needs to choose between further state budget security and continued support for the business community.

Vietnam to protect production at industrial parks

The fourth wave of COVID-19 has changed the routines of many people working in industrial parks (IPs) in northern Vietnam.

Businesses look forward to state bailout after fourth Covid outbreak

Businesses have once again shouted for help as they are coming closer to bankruptcy because of the fourth Covid-19 outbreak.

Owners of idle tourist boats in Halong Bay seek PM’s help

Owners of more than 500 tourist boats in Halong Bay in Quang Ninh Province are on the verge of bankruptcy as their tourist boats have been lying idle for over a year due to Covid-19, so they have turned to the prime minister for help.

Hotels see dark days as pandemic rages on

The “tsunami” of hotels shutting down during this surge is having the biggest impact on workers, especially those working in low-level positions.

How Bac Giang authorities persuade foreign firms to halt their operations

Bac Giang province has been gathering strength to fight the Covid-19 outbreak for one month, vowing to stamp out the outbreak by the end of June.

Athletes and coaches adapt to COVID challenges

Practise. Practise hard. Practise harder. Boxing coach Dinh Phuong Thanh urges her players to maintain their strong physique and spirit for upcoming tournaments, even though none of them are certain to be held because of the COVID-19 pandemic.

HCM City to spend $3.3m to support small traders at traditional markets affected by pandemic

HCM City is considering a financial support package worth more than VND76 billion (US$3.31 million) from the State budget to support small traders at traditional markets affected by the pandemic.

Performing artists struggle during pandemic

The COVID-19 pandemic has made the life of performing artists in Vietnam even harder. Many have had to take up extra jobs to earn a living like selling food online, shipping goods or selling insurance.

2021 economic outlook remains positive despite COVID-19 resurgence

Data shows that industrial production index in the first five months of the year advanced 9.9 percent year-on-year, with manufacturing and processing up 12.6 percent.

Struggling logistics firms in dire need of support to survive COVID-19 crisis

The COVID-19 health crisis and resulting wide-ranging and deeply-felt economic upheaval has flipped the logistics industry on its head, leaving ill-protected freight firms in dire need of emergency State support to survive hardships.

Drop in number of passengers, many planes abandoned

Due to the impact of the Covid-19 epidemic, airline passenger numbers have dropped sharply, and as a result, many planes have been abandoned at the airport.

HCM City to speed up vaccination drive, assist businesses affected by outbreak

HCM City authorities will continue to support the business community affected by the pandemic and speed up the vaccination drive, Nguyen Van Nen, secretary of the city Party Committee, said during an online conference on Thursday.

Bac Giang migrant workers to be relocated as part of Covid-19 fight

The northern province of Bac Giang, Vietnam’s ongoing Covid-19 epicentre, plans for workers from other localities to return to their hometowns to help mitigate Covid-19 infections.

HCM City seeks ways to help laid-off workers, poor people survive pandemic

Financial relief packages and free supply of rice and other essential goods are among the many initiatives being taken by the Government and charity organisations to help workers affected by the COVID-19 pandemic.