"We wanted to create an exciting new product, or even a new culinary tradition, after schools, airports and eateries cut orders for our goods. The dragon fruit bread also solved a major problem: tons of dragon fruit usually exported to China could not go there any more after the country stopped taking deliveries because of Covid-19." … [Read more...] about Businesses find opportunity in Covid-19 pandemic
Nearly 70,000 labourers in Hà Nội lose jobs amid COVID-19 pandemicThousands of test tubes sent to Germany for COVID-19 medicine researchViệt Nam’s 32nd COVID-19 patient discharged, confirms will lead charity fundPM signs decision to officially declare nationwide COVID-19 pandemicJapanese firm to make 15,000 ventilators to help VN’s COVID-19 response … [Read more...] about Which businesses will remain open during national social distancing?
According to Mac Quoc Anh, Vice President and General Secretary of the Association of Small and Medium-sized Enterprises, this marks the time for experienced enterprises to restructure their organisation and production chains so they can get ahead and enjoy more efficient business strategies in the context of Industry 4.0. … [Read more...] about Businesses forced to adapt during COVID-19 crisis
Hanoi (VNA) - The State Bank of Vietnam (SBV) on March 31 issued a directive to reduce the fees for transactions via interbank electronic payment system by 50 percent for local banks. The reduction took effect from April 1 to the end of this year, aiming to support production and business to overcome difficulties caused by the COVID-19 pandemic and encourage cashless payments. Under the Circular 04/2020/TT-NHNN, the central bank asked credit institutions and branches of foreign banks in Vietnam to review their payment services fees to cut the fees on customers. The fee reduction for customers must be equal to or higher than the reduction rate offered by the central bank for local banks. Local banks must report the reduction of payment fees to the central bank before April 15. The National Payment Corporation of Vietnam recently slashed the switching fees for local banks twice, which made local banks cut fees on customers for fast fund interbank transfer of sums worth 2 … [Read more...] about Central bank asks for cut in electronic fund transfer fees
Hanoi (VNS/VNA) - The Ministry of Finance has asked insurers to stop introducing and selling insurance packages related to COVID-19. This request, issued late on March 31, includes life and non-life insurance in compliance with the Prime Minister’s Directive No 16/CT-TTg on urgent measures to prevent and fight the disease. The directive “requests insurance businesses not to introduce or launch products related to COVID-19”, the ministry said, and asked firms to strictly adhere to the directive throughout their networks, while refraining from the use of images of COVID-19 to offer insurance packages. Many insurers had recently launched a number of insurance packages covering the deadly virus with attractive costs and benefits. Some business also teamed up with commercial banks to launch anti-COVID products. However, there has also been public discontent because some people are not eligible to buy insurance. After the request, … [Read more...] about MoF asks insurers not to sell COVID-19-related products