Third, in concrete terms, strengthening e-commerce or diversifying customer groups could be two viable solutions. Fourth, state-owned enterprises should not be the beneficiaries of any subsidies whatsoever. SMEs need the money much more urgently. Fifth, state price controls are counterproductive and distort competition. They should be avoided in order to prevent side-effects such as black markets and the waste of resources (minimum prices) or queues and low investment (maximum prices). Sixth, social measures such as unemployment benefits are definitely appropriate to support citizens in need. Lastly, in view of the warning example of the EU, a zero-interest rate policy should never be introduced to Vietnam. … [Read more...] about Coping with the outbreak in the Vietnamese way – a role model?
Russian cyber threat
In addition, the Canadian market is showing demand for millions of medical supplies, such as single-use N95 face masks, single-use surgical masks, nitrile gloves, vinyl gloves, medical blouses, and protective medical gear, hand sanitiser, and protective eyewear, among others. … [Read more...] about Vietnam promotes medical supply exports to support international fight against COVID-19
The Labour Federation in eight districts has called on 93 landlords to reduce rental fees from VNĐ100,000 to VNĐ1 million per month for 4,500 workers. Many of the landlords have presented rice and other essential items to workers who rent their rooms. Workers have been allowed to pay rent at a later date. … [Read more...] about Latest Coronavirus News in Vietnam & Southeast Asia (updated hourly)
Imported frozen pork has not sold well in shops and supermarkets in HCM City despite cheap prices. At Xanh Supermarket in Binh Tan District, on Tuesday, a kilo of pig collarbone was priced at VND149,000 (USD6.47) compared to around VND209,000 a kilo of locally raised fresh pork. The imported pork sold in HCM City … [Read more...] about Imported pork faces slow sales despite cheaper prices
One of the main challenges this shift creates is the ability to transfer goods over long distances, such as between the north and the south, since air and rail transport are constrained, he said. Long-haul trucks have become scarce and the lack of transport capacity generates delays and extra disruptions, he said. … [Read more...] about Supply chains in Viet Nam disrupted by Covid-19