Covid-19: Firms in Vietnam may lay off 2- 3 million workers in Q2
From January 1 – March 26, over 153,000 people filed claims for unemployment benefits.
From January 1 – March 26, over 153,000 people filed claims for unemployment benefits.
Minister of Planning and Investment Nguyen Chi Dung expected Vietnam and India to accelerate the process of opening markets for goods and products from each country.
In case the epidemic persists for around four to five months, or even longer, manufacturing sectors with high dependence on input materials from China would be in trouble.
Vietnam would be among four economies hardest hit by the Covid-19 outbreak, behind Singapore, Thailand and Hong Kong (China).
The World Bank stated Vietnam’s middle class is expanding at the world’s highest rate, so it is important to turn the middle class into a driving force for the country.
The number of small enterprises upgrading to mid-sized and from mid-sized to large ones is very low, while the capital accumulation process among private companies has not been up to standard.
Delay in paying government debts was due to the lack of seriousness of related government agencies in following the instruction of the prime minister.
FDI commitments in the January – November period totaled US$31.8 billion, up 3.1% year-on-year.