Support from the State is urgently needed to help firms maintain operation and surmount challenges as the COVID-19 pandemic has dealt a heavy blow to most manufacturing and services businesses, according to head of the Prime Minister’s economic advisory group Nguyen Duc Kien.
Cambodia’s annual 7-billion-USD garment and textile sector is expected to suffer losses from the European Union (EU)’s partial withdrawal of the tariff preferences granted to the Southeast Asian country under the Everything But Arms (EBA) trade agreement from August 12.
The UN Security Council (UNSC) held an online meeting on August 11 to discuss the situation in Lebanon and recent developments in the Darfur region of Sudan.
Chairman of Hanoi People’s Committee Nguyen Duc Chung was suspended from duties for 90 days for the verification and investigation to clarify his responsibility regarding three legal cases, said the Ministry of Public Security spokesperson Major General To An Xo.
The World Football Federation (FIFA) will offer a 1.5 million USD bailout package to each of its national football federations in Southeast Asia, including the Vietnam Football Federation (VFF), to offset losses caused by the coronavirus pandemic.
Travel firms have suffered great losses from thousands of recent tour cancellations due to a new outbreak of COVID-19, according to tourism associations.
Prime Minister Nguyen Xuan Phuc on August 10 sent a message of condolences to Prime Minister of the Republic of Korea (RoK) Chung Sye-kyun over great losses in humans and property caused by the recent heavy rains and landslides.
The Vietnam Oil and Gas Group (PetroVietnam) still enjoyed profit of more than 10 trillion VND (430.6 million USD) and contributed over 38 trillion VND to the State budget in the first seven months of 2020 despite Vietnam being hit by COVID-19.
National flag carrier Vietnam Airlines has forecast a consolidated pre-tax loss for 2020 of nearly 15.18 trillion VND (over 650 million USD) due to COVID-19.
Authorities of the southern metropolis of Ho Chi Minh City are continuously taking preventive measures to ensure safety for tourists while supporting travel businesses to overcome difficulties and devising policies to promote tourism for the post-pandemic period.
Heavy rains in the northern and the southern regions have caused a great deal of damage, according to the National Steering Committee for Natural Disaster Prevention and Control.
Authorities in the Mekong Delta are mobilising personnel and funds to provide relief and rehabilitation after houses, crops and dykes were damaged by the impact of tropical storm Sinlaku in the last few days.
Footwear exports were estimated to hit 9.53 billion USD in the first seven months of 2020, a year-on-year decline of 7.9 percent, according to the Ministry of Industry and Trade.
Multiple tra fish companies suffered losses due to falling export prices and lower orders, focusing instead on the domestic market amid the COVID-19 pandemic.
With drastic, creative, flexible and timely directions of the Government and the Prime Minister, the engagement of the whole political system and business community, and the strong support from people, Vietnam has obtained important results in performing the dual tasks of fighting COVID-19 and boosting socio-economic development.
Heavy rains killed at least two persons in the northern province of Quang Ninh as of 5pm on August 3, reported the Office of the Central Steering Committee on Disaster Prevention and Control.
The COVID-19 pandemic has severely dragged down revenues of the Vietnam Airlines Corporation (Vietnam Airlines) and the Airports Corporation of Vietnam (ACV) in the second quarter of this year.
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