The COVID-19 pandemic is still influencing Vietnam’s fisheries exports, with export value down 10 percent in June to just 626 million USD following a sharp decline in May of 16 percent, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Thailand's overall tapioca production for the 2020-2021 crop would be below 20 million tonnes, compared with 20-22 million tonnes in the 2019-20 season, Boonchai Srichaiyongpanich, President of the Thai Tapioca Trade Association, has predicted.
Toyota's vehicle exports from its manufacturing facilities in Indonesia are forecast to drop by 40-50 percent in 2020 due to the impact of the COVID-19 pandemic.
Vietnam recorded a year-on-year decrease of 15.1 percent in foreign direct investment (FDI) inflows to 15.67 billion USD as of June 20, according to the Ministry of Planning and Investment (MPI).
The Vietnam National Textile and Garment Group (Vinatex), stock code VGT, predicts its consolidated profit before tax this year to fall by half to 382 billion VND (16.5 million USD) year on year due to the negative impacts of the COVID-19 pandemic.
Vietnam earned 570 million USD from exporting aquatic products in May, raising the total figure in the first five months of this year to nearly 3 billion USD, a year-on-year decline of 6 percent.
Vietnam earned 570 million USD from exporting aquatic products in May, raising the total figure in the first five months of this year to nearly 3 billion USD, a year-on-year decline of 6 percent.
The closures of factories and sales outlets during the Movement Control Order (MCO) will result in an estimated 28 percent drop in new vehicles sales this year.
Indonesian steelmakers are facing severe impacts caused by the COVID-19 pandemic on their business with the demand having decreased by 90 percent from the normal times.
Vietnam reported a trade deficit of nearly 1 billion USD in the first half of May as exports reached only 8.22 billion USD – the lowest level since the beginning of this year (excluding the first half of January when the Tet holiday fell on), the General Department of Customs announced has announced.
While the COVID-19 epidemic has basically been controlled in Vietnam and business activities have resumed, the retail space market in Hanoi is gloomy with rentals down from 20-30 percent.
Vietnam’s seafood exports will continue to see reductions in next few months due to the pandemic, with a slight year-on-year decrease of 5 percent to 2 billion USD in the second quarter, according to the Vietnam Association Seafood Exporters and Producers (VASEP).
Despite the easing of lockdown measures and higher demand in several export categories, Thailand's shipments are still forecast to contract by 8 percent this year, according to the Thai National Shippers' Council (TNSC).
Singapore’s retail sales in March dropped 13.3 percent compared with the same period last year, the biggest decrease in 22 years due to the impact of the COVID-19 pandemic, according to the Singapore Department of Statistics.
Ticket sales at Cambodia’s Angkor Archaeological Park declined 99.5 percent to only 29,368 USD in April from almost 7 billion USD year-on-year due to travelling restriction measures during the COVID-19 outbreak.
Cambodia is to join the ranks of declining overseas worker remittances this year after the World Bank projected global remittances will decline sharply by about 20 percent in 2020 because of the economic crisis induced by the COVID-19 pandemic and consequent business shutdowns.
As many as 4,509 traffic accidents occurred nationwide from mid-December to April 14, killing 2,138 people and injuring 3,305 others, according to the National Committee for Traffic Safety.
Business
