Want to be in the loop?
subscribe to
our notification
Business News
PM FORBIDS NATIONWIDE GATHERINGS OF OVER 20 PEOPLE
Prime Minister Nguyen Xuan Phuc banned crowds of more than 20 people, ordering localities to close non-essential businesses as the Covid-19 fight escalates.
Phuc said at a meeting Thursday all business services including massage parlors, karaoke bars, tourist sites, entertainment venues, movie theaters, beauty salons, beer shops, restaurants and eateries across the country must close starting Saturday for at least two weeks as the country enters a critical stage in its Covid-19 battle.
He requested localities halt all religious gatherings and would strictly punish top leaders of any localities allowing the gathering of crowds over 20 people.
Those deliberately gathering in large crowds in epidemic-stricken areas will be punished by up to VND30 million ($1,271) in accordance with Vietnamese law.
The two biggest cities in Vietnam, Hanoi and Ho Chi Minh City, have shut down bars, karaoke parlors, dance clubs, gyms, barber shops, spas and movie theaters.
Phuc said only shops providing food, medicine and fuel should remain open.
"We can provide daily necessities to people while ‘unimportant’ services are temporarily closed," he stressed.
Mai Tien Dung, chairman of the Government Office, said wet markets are still left open but the government recommends against large gatherings. "In the near future, the government office will issue more specific notices regarding the closure of wet markets," Dung said.
Phuc also advised the suspension or limitation of public transport services to minimize the risk of infection. The Ministry of Transport was asked to limit the number of domestic flights from Hanoi and HCMC to other localities as residents are asked to stay home and only go out when necessary.

The Prime Minister assigned the Ministry of Health to provide specific instructions on how to prevent hospitals from becoming crowded and increase the risk of infection.
All provinces and cities should befocused on investing in machines and equipment to test for Covid-19 on a large scale, he said. Hanoi and Ho Chi Minh City are required to open more testing facilities to ensure screening of all suspected Covid-19 cases.
Phuc is discussing with top leaders whether to suspend all public activity as the number of infections is still below 1,000.
In early March, both Vietnam and the U.S. reported only 100 infections but after three weeks, the figure has hit 55,000 in the U.S., prompting President Donald Trump to declare a state of nationwide emergency and close California State where the majority of Vietnamese Americans live. This was considered too late and should have been closed on March 12 as the number of infection cases was below 1,000.
"According to forecasts, Vietnam has two weeks, considered the ‘golden period’, to take action or the virus will spread quickly," Phuc said.
So far, the nation has confirmed 148 infections, including 131 active cases.
The earlier 17 cases were discharged after treatment. Of the current number in hospital, 26 have tested negative at least once.
Many active cases are Vietnamese nationals retuning from Europe and the U.S. and foreigners visiting from the same regions. Starting March 22, Vietnam has suspended entry for all foreign nationals, including those of Vietnamese origin and family members with visa waivers.
The Covid-19 pandemic has killed more than 21,000 people globally as it spread to 198 countries and territories.
Source: Vnexpress
Related News
AN ELECTRIFYING NIGHT WITH THE "QUEEN OF DANCE" THU MINH AT THE GRAND HO TRAM!
The stage at The Grand Ballroom is set to catch fire as Vietnam’s undisputed "Queen of Dance," Thu Minh, takes the spotlight. Renowned for her powerhouse vocals, magnetic stage presence, and sultry, high-energy performances, Thu Minh promises an evening of pure musical euphoria. The energy escalates with an exclusive appearance by special guest and The Voice champion, Vu Thao My.
HIGH-QUALITY HUMAN RESOURCES NEEDED TO ATTRACT NEW TECH INVESTMENT CAPITAL
Besides infrastructure, Việt Nam must also rapidly develop a highly skilled workforce to attract investment in AI, semiconductors and advanced manufacturing, experts have said. Don Lam, CEO and co-founder of investment management company VinaCapital, said that global technology investors were increasingly looking at the readiness of the entire ecosystem, with high-quality human resources a decisive factor.
HIRING OUTLOOK STRENGTHENS IN Q4 AS SKILLS SHORTAGES PERSIST
Hiring intentions among employers in Việt Nam strengthened in the fourth quarter, with 52 per cent of surveyed companies planning to increase headcount between October and December, according to a ManpowerGroup survey released this week. Việt Nam's hiring outlook was stronger than the Asia Pacific and Middle East (APME) regional average of 33 per cent and the global average of 29 per cent, ranking third in the region and 11th globally among 42 markets surveyed.
LARGE BANKS FORECAST TO GAIN HIGHER PROFITABILITY IN H2 2026
The return on average assets (ROAA) of the banking sector will likely remain stable at around 1.5 per cent in the second half of 2026, but profitability divergence among banks will increase, with large banks outperforming peers on stronger margins and diversified earnings, analysts forecast. In a recent report on the banking sector, analysts from the Vietnam Investors Service Rating said the sector’s ROAA rose by 10 basis points quarter-on-quarter to 1.51 per cent in the first half of this year, driven by net interest margin (NIM) improvements at some State-owned banks and large private banks.
VIỆT NAM'S FOOTWEAR, BAG EXPORTS TO US TOP $8 BILLION IN EIGHT MONTHS
Việt Nam's exports of footwear and handbags to the US exceeded US$8 billion in the first eight months of 2026, as the US and EU remained the country's biggest markets despite sluggish growth in footwear shipments. Exports from Việt Nam's leather and footwear sector reached more than $2.45 billion in August, down 9 per cent from July but up 3 per cent from a year earlier, according to preliminary statistics.
LÂM ĐỒNG TARGETS DIGITAL ECONOMY TO ACCOUNT FOR 30 PER CENT OF GRDP BY 2030
Lâm Đồng Province aims to raise the digital economy’s contribution to around 30 per cent of its gross regional domestic product (GRDP) by 2030, as part of a five-year plan to develop digital economy and society issued recently. Under Plan No. 15358/KH-UBND, the province targets more than 60 per cent of small- and medium-sized enterprises (SMEs) to adopt digital technologies by 2030 while increasing the value of cashless payments to 30 times its GRDP.






















