Vcci

Supporting programs should last until Vietnam can achieve herd immunity in late 2021 or early 2022.

Vietnam’s economy could take a few positives out of the pandemic and stay competitive in the long run.

Symbiosis is seen as an important link facilitating the cooperation between local and foreign direct investment firms in Vietnam.

Given its status as Vietnam’s major economic hub, improvements in administrative reform in Hanoi would have significant impact on the overall economy, said an expert.

Although the pandemic has negatively affected most businesses in Vietnam, many have demonstrated a high capacity to rebound after the lifting of the nationwide lockdown at end of April 2020, said a World Bank’s expert.

Higher quality in newly promulgated legal documents and laws in terms of practicality and feasibility are reasons for a significant less number of circulars issued at ministerial-level agencies in 2020.

Changes in these laws make it easier for market entry and create favorable conditions for enterprises doing businesses, which is expected to facilitate more investment and business activities in Vietnam.

In a new business world, it is no longer that ”big fish eat little fish”, but “first come first serve”, stated an expert.

A better and detailed view on enterprises effectiveness will help partners, credit institutions, investors, and especially shareholders to make a more accurate and justifiable decision.

It is a miracle that Vietnam still maintains positive GDP growth in the current crisis, showing the country has succeeded in realizing the dual target of both containing the pandemic and boosting economic growth.