Covid-19 is a catalyst that drives demand for digital infrastructure.

Without digital transformation, the increase in average labor productivity of Vietnam in the coming years will be only 5-6%/year, but thanks to digital transformation, Vietnam can increase labor productivity by 8-10%/year.

Vietnam’s Government is planning a master programme to gear up for a post-pandemic recovery, which this time requires sophisticated organisation and effective implementation to ensure long-term efficiency.

After giving birth to their second daughter, Thanh Van, a 39-year-old office worker in Hanoi, had to quit her job because she could not afford the cost of hiring a babysitter after a 30 per cent pay-cut due to the COVID-19 pandemic. 

The telephone and electronics market has recorded a rapid recovery, with sales doubling for small stores and rising up to 70-90% for big chains compared to the average in April and May.

The Ministry of Finance has advised the Government to launch a demand stimulus package through an interest-rate subsidy, worth VND20 trillion a year and VND40 trillion for two years.

Although most business resumed after the lockdown was lifted, The Coffee House Signature, a trendy destination of many young Saigonese, has announced its closure.

The number of enterprises returning to operation increased by 29.8 per cent month-on-month.

After the fourth Covid-19 wave, only 2 to 3 percent of households indicate that they are doing well. The well-off also tighten their belly and prioritize healthcare and employment.

In the midst of a stressful time of the epidemic, the Ministry of Planning and Investment is developing a program to recover the economy after the pandemic.

Deputy health minister Do Xuan Tuyen urged local administrations to not set policies that go against the spirit and letter of the Government’s Resolution 128, released last week on the national plan to live with COVID-19.

Localities need to keep calm but stay vigilant over pandemic developments, and not be impatient in making decisions, said Party Committee Secretary General Nguyen Phu Trong.

Luxury travel, MICE (Meetings, Incentives, Conferences & Exhibitions), community-based tourism and staycations are the four segments that Vietnam’s tourism industry can focus on in the post-Covid period, experts say.

Businesses are struggling to maintain employment and pay wages for workers amid stagnant production, falling revenues, and mounting operating costs.

In 1995, Nestlé Group officially returned to Vietnam when Nestlé Vietnam Co., Ltd was established. Nestlé's total investment in the country has reached 730 million USD.

Deputy Minister of Planning and Investment Nguyen Thi Bich Ngoc has updated about FDI situation in the first nine months and shared first details on a draft post-pandemic recovery plan in an interview with the Vietnam Government Portal.

In the US, policymakers are in a dilemma when they want to tighten money pumping into the economy to prevent the risk of high inflation, but they are afraid of losing the recovery momentum.

The ongoing COVID-19 outbreak is showing more positive signs, with higher vaccination rates and a decline in the number of new infections, raising hopes for businesses of a return to normality and providing support for the stock market.

Contributing about 45% of the country’s GDP, HCM City and Hanoi are considered the two engines pulling the national economy. Both must be healthy and go hand in hand to revive the pandemic-hit economy.