More monetary easing measures forecast in 2020 Business

More monetary easing measures forecast in 2020

The State Bank of Vietnam (SBV) is expected to further take monetary easing measures to support the country’s GDP growth target of above 5 percent this year in light of a weak economic outlook, experts forecast.
Workers are returning to work, for now Business

Workers are returning to work, for now

Some 70,000-80,000 workers across the country have returned to work since the mass disruption caused by the novel coronavirus in Vietnam, said Deputy Minister of Labour, Invalids and Social Affairs (MOLISA) Le Van Thanh at an online conference held on June 3 to discuss and share experience in job creation and sustainable business in the new normal [after COVID-19].
Thai rice exports facing price disadvantage ASEAN

Thai rice exports facing price disadvantage

The price of Thai rice is higher than that of competitors due to limited supply and the strengthening of the baht, which could hurt exports, the Thai Rice Exporters Association (TREA) said.
Shrimp exports expected to increase in coming months Business

Shrimp exports expected to increase in coming months

Vietnam’s pushback of the COVID-19 pandemic has helped shrimp exporters raise their competitiveness on the world market, overtaking competitors such as India and Ecuador, which are still struggling with the outbreak and not yet able to return to normal production.
Singapore announces fourth stimulus package against COVID-19 World

Singapore announces fourth stimulus package against COVID-19

Deputy Prime Minister and Finance Minister of Singapore Heng Swee Keat on May 26 announced another 33 billion SGD (23.2 billion USD) supplementary budget, aimed primarily at helping workers and businesses to tide over the COVID-19 crisis and the bleak economic outlook ahead.
Quang Ninh: Tourism promotion efforts pay off Travel

Quang Ninh: Tourism promotion efforts pay off

More than 170,000 tourists visited Quang Ninh between May 1 and 24 as a result of promotional programmes the northern coastal province has launched following the resumption of tourism activities this month after social distancing measures to tackle COVID-19 were eased, according to the local Tourism Department.
Wood exports grow thanks to businesses’ activeness Business

Wood exports grow thanks to businesses’ activeness

Despite the COVID-19 pandemic’s impact, the wood industry still enjoyed 3.2 billion USD in exports in the first four months of 2019, up 6 percent year on year, thanks to businesses’ efforts to switch to online trading and find new markets.