The ongoing coronavirus pandemic has upended economies worldwide, and Vietnam must take urgent measures to handle this period of instability.

By now, everyone and anyone will have heard of COVID-19 and its terrible impact on society and the global economy. According to a new Asian Development Bank (ADB) report, Vietnam’s economic growth rate will slow sharply in 2020 to 4.8 per cent as a direct result of the crisis.

The current serious impacts of the coronavirus pandemic are expected to eventually lead to more opportunities for investors, as existing developers run out of funds and are forced to withdraw from large-scale projects.

Internet users are often bombarded with attractive advertising, offering loans in five minutes, no mortgage, no lender fees and no commission.

Companies in Vietnam are treading on new ground as for the first time ever they must hold annual shareholder meeting online.

With Vietnam struggling alongside the rest of the world in attempting to overcome the coronavirus pandemic, the government has taken solutions to fuel the energy sector. However, efforts to keep projects on track remain uncertain as investors’ confidence is hit by the ongoing crisis.

The ongoing pandemic has prompted the Vietnamese government to push back deadlines for tax and land use fee payment. Notwithstanding, firms can find themselves in hot water due to the lack of eligibility criteria.

The HCM City Real Estate Association (HoREA) has asked for corporate bond regulations to be loosened to help businesses get through the COVID-19 pandemic, local media have reported.

The Ministry of Industry and Trade (MoIT) on Monday issued regulations and an invitation to carry out an auction of import tariff quotas on used automobiles for this year.

With Covid-19 and trade tensions driving the shift of production lines from China to Southeast Asia, Viet Nam, in particular, seems to have emerged as an attractive destination for investors and manufacturers alike, experts have predicted.

Due to the impact of the COVID-19 pandemic, the Ministry of Industry and Trade (MoIT) proposed the government to maintain the feed-in tariff (FiT) mechanism for wind power until December 2023, and then conduct bids and auctions to select investors for new projects.

The coronavirus crisis is expected to create mergers and acquisitions opportunities for foreign dealmakers in the coming months as cash-starved Vietnamese companies seek funding to overcome their difficulties.

The Vietnamese government has been urgently deploying sturdy solutions to assist enterprises and investors, and those hit by the coronavirus pandemic. Dr. Chi Tran, researcher/associate lecturer from the School of Economics and Finance at Queen Mary University of London, delves into the government’s policies in conditions of financial constraints to fight against the health crisis, with a reflection in the case of the United Kingdom.

Despite going through a quiet period due to the effects of the coronavirus outbreak, investors as well as real estate businesses in Danang and across the central region are striving to remove difficulties to maintain stable operations as well as adapt to a new direction.

As Vietnam has a fertile consumer finance market, more foreign players are considering joining the bandwagon by tying up with local peers.

The Ministry of Transport said it did not assign the Civil Aviation Authority of Vietnam to study a protection policy dedicated to Vietnam Airlines, which recently reported a loss of VND20 trillion due to the impact of the COVID-19 pandemic.

Foreign-invested enterprises in Viet Nam have been maintaining production despite difficulties caused by the COVID-19 outbreak while preparing plans to recover after the pandemic ends.

In early February, in the minds of most of us, COVID-19 was still a China-specific problem. Yet, the strict lockdown imposed early in China generated rapidly unprecedented chaos in global supply chains. We realised how weak these global networks were, and how much every economy is dependent on China’s manufacturing sector.

State-owned transport giants Airports Corporation of Vietnam, Vietnam Airlines, Vietnam Railways, and Vietnam Maritime Corporation suffered all-time biggest losses in the first quarter of 2020 due to COVID-19 and are trying in vain to recover, seeking for rapid supporting policies from the government.

National social distancing measures are dragging CGV and other cineplexes down, causing substantital losses. However, over-the-top services operating online like Netflix have greatly profited from the crisis, especially since they have yet to observe their tax obligations in Vietnam.