Want to be in the loop?
subscribe to
our notification
Business News
SPECIAL SUMMITS AIM TO SUSTAIN ASEAN’S COOPERATION PACE WITH PARTNERS AMID COVID-19 PANDEMIC
The Special ASEAN Summit and Special ASEAN+3 Summit have been organized to showcase the spirit of an “Cohesive and Responsive ASEAN” and sustain the pace of cooperation between ASEAN with external partners amid the COVID-19 pandemic and its global repercussions.
Prime Minister Nguyen Xuan Phuc made the above statement on Tuesday right after the conclusion of the two summits initiated by Viet Nam.
The Government chief said the active support and participation of ASEAN member states and China, Japan and the ROK have contributed to the success of the meetings.
The Summits highlighted a common understanding on the importance of solidarity, mutual support and cooperation to triumph over COVID-19, the hazardous invisible enemy that no single country, regardless of its wealth or power, can alone tackle, according to PM Phuc.
“We also shared the view that no one should be complacent at this time of the fight against the virus,” said Phuc adding that the leaders agreed on the people-centered approach that engages all people.
On that basis, various initiatives for cooperation against COVID-19 were put forward, including the establishment of an ASEAN Cooperation Fund and a Regional Medical Supplies Reserve, Phuc said.
Viet Nam has taken note of the experience and best practices from other countries, and shared with the member countries its own experiences on decisive leadership and our commitment to “fighting the pandemic as if fighting an enemy”, making sure that no one is left behind and everyone is engaged in the combat.
At the Summits, Viet Nam also offered collaboration and assistance to other ASEAN and APT countries via sharing relevant apps, and supplying test kits, PPEs, including coveralls, gloves and masks that are produced with proper standards.
While the global economy is facing uncertainties, the leaders, with the spirit of cautious optimism and confidence in the victory against COVID-19, discussed a Master Plan for post- COVID-19 recovery, in order to restore the confidence of the public and businesses.
The leaders also shared the common goal of defeating COVID-19 by working in close coordination.
Source: VGP
Related News
SENTRYSAFE CHW20201 - EFFECTIVE WATER RESISTANCE, MAXIMUM PROTECTION
In unexpected flooding situations, the most important thing is to keep your valuables dry and intact. SentrySafe CHW20201 is specially designed with superior water-resistant capabilities, helping protect documents, cash, and important belongings even when fully submerged. Proven in real testing: After water submersion, the documents inside remain dry - undamaged.
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.






















