Nearly every nation on earth is struggling to reopen its economy safely while continuing to battle the coronavirus. But some are doing better than others.

Foreign investors could angle to add even more capital to their current projects in Vietnam as a result of superb COVID-19 prevention in the country.

Given the government’s proposed spending cuts for overseas business trips and conferences, Vietnam should quickly adopting online investment promotion.

Despite the changes to the Law on Housing and foreign ownership caps five years ago, real estate developers now show an increasing demand to revise regulations and increase the cap even more, to up to 50 per cent. However, revisions will be tough to put into practice, even if the suggestion is recognised by the government.

Given that Vietnam is a highly open economy, it is important to first understand the impact of the coronavirus on the world. The pandemic is a tragedy and has inflicted high and rising human costs worldwide. Protecting lives and allowing healthcare systems to cope have required social distancing measures, isolation, lockdowns, and widespread closures to slow the spread of the virus. The pandemic is therefore having a severe impact on global economic activity. It is a crisis like no other given its severity, the significant uncertainty about its duration and intensity, and the required policy response.

A string of forthcoming proposed tax measures are slated to assist individual and corporate taxpayers to weather oncoming storms.

Mergers and acquisitions in the country could be delayed in the short term if a proposal by the Vietnam Chamber of Commerce and Industry gets approved, as overseas groups seek to take advantage of the current global uncertainties.

The Ministry of Industry and Trade (MoIT) has said that transferring all or part of a solar power project was normal according to market rules and the Investment Law.

Fintech will most likely be one of the few eminent sectors benefiting from the coronavirus pandemic, yielding growth for businesses and investment opportunities.

Viet Nam ranked second, following Bangladesh, in the top 10 fastest growing wealth markets from 2010 to 2019.

After years of delay, mobile money – a technology that allows people to receive, store, and spend money using a mobile phone – is highly likely to be pressed into service from the middle of this year in Vietnam, entailing the opportunities to promote non-cash payment among the more than 50 per cent Vietnamese population who are unbanked.

The public-private partnership (PPP) model is expected to make capital-intensive infrastructure projects more appealing to private investors and foreign players. Legal hurdles, however, persist as the PPP Law is only scheduled for submission to policymakers for consideration in the upcoming National Assembly session.

Recent analyses by the World Bank indicate that Vietnam will be one the few countries in the entire world to experience positive economic growth in 2020.

The COVID-19 outbreak is accelerating the shifting of corporate mindsets on diversifying from China and onboarding the trend of “make where you sell”. That may be the main reason behind Apple's rellocation in manufacturing lines in Vietnam.

Decree No.41/2020/ND-CP on extending the deadline of tax and land rent fee payments for enterprises, individuals, and business households affected by COVID-19 was issued by the government on April 8. Dr. Su Ngoc Khuong, senior director at Savills Vietnam, explains the decree’s impact on the real estate market.

Major social network sites such as Facebook and YouTube face even stricter controls in Vietnam if a draft decree amendment on internet management gets approval, adding to the pressures for the popular sites to wipe out fake news and adhere to tax obligations.

A mobile money pilot project has been submitted to the Prime Minister for approval, marking a bold step for the development of payments using telecommunication accounts in Viet Nam, Governor of the State Bank of Viet Nam Le Minh Hung said at the dialogue between the PM and the business community on Saturday.

The world is seeing numerous monetary stimulation packages applied by nations to support businesses suffering during the pandemic – however, too much money with too few goods could mean high inflation.

While the ongoing pandemic is taking a severe human and economic toll worldwide, deal-making activity in Vietnam is likely to maintain momentum as corporate leaders are being asked to make strategic decisions for hunting capital. However, experts have raised concerns that the virus has left local companies vulnerable to bids from overseas.

The Ministry of Construction (MoC) has asked the Prime Minister to strictly control corporate bond issuances made by real estate enterprises, especially small and medium enterprises, to reduce risks.