Business

Businesses urged to prepare plans to resume activities after COVID-19

Businesses should keep a close watch on the developments of COVID-19 to have appropriate production recovery plans after the pandemic declines and ends, according to the Ministry of Industry and Trade.
Businesses urged to prepare plans to resume activities after COVID-19 ảnh 1Vietnam's dragon fruits for exports (Photo: VNA)

Hanoi (VNA) – Businesses should keep aclose watch on the developments of COVID-19 to have appropriate productionrecovery plans after the pandemic declines and ends, according to the Ministryof Industry and Trade.

The ministry advised enterprises to takeadvantage of online advertising and connection to maintain and develop themarket even when the pandemic is raging through. 

The EU is the second biggest export market ofVietnam, and its recent closure of external borders amid the COVID-19 spread isforecast to limit trade activities between the block and its partners,including Vietnam.

Vietnam’s exports to the market are expected todecline from 6 to 8 percent in the first and second quarters of 2020 if thepandemic lingers on until June.

Key export commodities such as garment-textile,footwear, timber products, and mobile phones are projected to decline. 

However, the demand for farm produce and food islikely to be maintained, according to the ministry.

Experts said Vietnam’s export growth in thesecond half of 2020 would be more optimistic when the pandemic is repelled andthe EU-Vietnam Free Trade Agreement (EVFTA) takes effect./.




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