covid-19 impacts

Update news covid-19 impacts

Authority warns about consumer lending amid pandemic

The Ministry of Industry and Trade’s Department of Competition and Consumer Protection has recently warned consumers about signing consumer loan contracts.

Export outlook depends on virus control

Vietnam's exports may reach as high as US$313 billion by the end of 2021, a 10.7 per cent increase year-on-year, only if the country manages to stop the spread of the novel coronavirus, according to a report by the Ministry of Industry and Trade. 

VN businesses need new measures for long-term fight against pandemic

Businesses are bearing severe impacts from Covid-19 developments and social distancing campaigns.

Deposit interest rates fall, deposits drop to 10-year low

Commercial banks continued easing deposit interest rates in late August, causing deposits at banks to fall to a 10-year low.

The biggest decline in VN labor market in a decade

The Covid-19 pandemic caused turbulence in Vietnam's labor market in 2020. 

Rice exporters feel strain of restrictions

The disruption of the production chain in the past few months is pushing rice exporting and processing companies into an increasingly difficult situation.

Automatic stay extension for foreigners stranded due to COVID-19

The Department of Immigration has issued a notice on automatic stay extension for foreigners stranded due to COVID-19.

Government urged to loosen restrictions, speed up vaccinations to save economy

Economic indexes show the situation is getting worse in the country. The most concerning issues are social distancing extensions and other restrictions.

Saigonese organize parties online during pandemic

To satisfy the desire of meeting friends during the social distancing time, many Saigonese have organized online parties, clinking glasses together from the safety of their homes.

 

Education Ministry creates lesson plans for common use at all schools

A representative of MOET disagrees with the opinion that online teaching is not suited to first graders. The ministry said it will design a section ‘Cung em hoc lop 1’ (let’s go to first grade’).

 

Pandemic continues to put hardship on enterprises in the Mekong Delta

Businesses are suffering from both the impact of the pandemic and the government’s control measures and policies to repel the former.

Prolonged lockdown puts pressure on inflation

Prolonged social distancing measures and restrictions on mobility have put significant pressure on Viet Nam's effort to control inflation in 2022, economists have said.

 

Bank interest rates drop to 2-year low

Many commercial banks continue to slash lending interest rates following an interest rate cut in July. The current lowest interest rate is 4 percent per annum.

 

Price storms sweep through Vietnamese businesses

According to Vietnamese businesses, the Covid-19 epidemic has made it difficult for them to maintain production and ensure on-time delivery. The higher transportation cost is "another hit".

 

85,000 businesses leave market in eight months

The strong outbreak of the fourth wave of the Covid-19 pandemic along with prolonged social distancing in many provinces and cities in Vietnam has severely affected Vietnamese businesses.

Firms await new bank incentive policies

The State Bank of Vietnam (SBV) is consulting on a draft circular for incentive policies to support firms with access to bank loans to overcome difficulties in the COVID-19 pandemic. 

Apartment prices keep escalating despite pandemic

Contrary to all predictions, the real estate market has been hot during the pandemic. People are rushing to buy apartments for fear that prices will escalate after the pandemic ends.

Idle footballers do other jobs after V-league canceled

After V-League 2021 was canceled, the players now have to turn to all kinds of jobs to have enough money to cover family life.

Teachers complain about problems in online teaching, ask for guidance

After one year of teaching online, Vietnamese schools and teachers have become familiar with the new teaching mode.

Fourth Covid-19 wave still raging, 80,000 businesses leave market

The Ministry of Planning and Investment's latest report found that production and business activities have been seriously affected by the Covid-19 pandemic.