Want to be in the loop?
subscribe to
our notification
Business News
VIETNAM PRIME MINISTER ORDERS REOPENING OF NON-ESSENTIAL BUSINESSES
Vietnam’s Prime Minister Nguyen Xuan Phuc has allowed the reopening of non-essential businesses as the country has recorded no novel coronavirus disease (COVID-19) case in the community for three weeks.
This move followed the gradual restart of the economy in which public transport, domestic air travel, inter-province bus operations, and intra-city bus services have been reinstated after being shut down in accordance with an enhanced social distancing fiat last month.
Schools have started to reopen since late last month.
Non-essential businesses and services are now permitted to come back on stream, PM Phuc said at a government meeting in Hanoi on Thursday.
Bars, pubs, clubs and discos, beauty salons, massage parlors, karaoke lounges, barbers, and hairdressers are some of the services considered non-essential in Vietnam.
Karaoke lounges and clubs and discos continue to be shuttered, PM Phuc noted.
All businesses must adhere to safety guidelines such as face mask donning and hand washing while in operation, the government chief said.
Vietnam will keep trying its best to bar imported cases by quaratining all international arrivals for 14 days, the prime minister said.
“Don’t ever let international arrivals transmit the virus to the local community,” he insisted.
The government decided to lift a ban on some sporting activities and crowded events but participants must don face coverings and clean their hands frequently.
It is still compulsory for everyone to sport face coverings in public and on public transportation means while washing hands and good personal hygiene are highly recommended in crowded places.
The premier agreed to open some auxiliary border gates and open crossings along the Vietnam-China border for trade but preventive measures are required to be in place.
Vietnam has confirmed 271 COVID-19 patients to date, with 232 recoveries and no virus-induced death, according to the Ministry of Health’s statistics.
The Southeast Asian country has gone three weeks without any community-transmitted infection, with only three imported cases detected in quarantine.
It has conducted tests on 261,004 samples as yet while currently isolating 20,942 people.
Source: Tuoi Tre News
Related News
GREEN ECONOMY, DIGITAL ECONOMY BREAKTHROUGH OF VIETNAM-CHINA TIES: PM
Addressing a Hanoi seminar with 19 Chinese groups operating in green economy and digital economy, the leader said the meeting, the first of its kind, aims to materialise high-level perceptions reached by Party General Secretary Nguyen Phu Trong and Party General Secretary and President of China Xi Jinping, who agreed to build the Vietnam-China community with a shared future.
CONSUMER CONFIDENCE IN ECONOMIC RECOVERY REACHES FIVE-QUARTER HIGH
Vietnam's GDP expanded by a healthy 5.66 per cent in the first quarter of 2024, marking the strongest first-quarter growth since 2020. While slower than the previous quarter's 6.7 per cent growth, this momentum indicates the country is on track to achieve its 2024 economic targets.
THE VIET NAM IMPORT-EXPORT REPORT TO BE RELEASED THURSDAY
In particular, it includes an itemised import and export report, in specific markets and also includes an overview of all State management activities and policy mechanisms related to the import, export market along with details of all the legal documents issued in the year.
TAX AND FEE SUPPORT HINGES ON MPI PROPOSAL APPROVAL
“Business and production activities of enterprises remain in big difficulties. Domestic purchasing power has reduced and people are tightening their belts,” the MPI stated. “Demands in the domestic market are still standing at a low level, while manufacturing and processing enterprises have low competition. These are among the biggest difficulties.”
VIETNAM’S TEXTILE SECTOR BRINGS IN $37 BILLION IN FDI
The foreign-invested enterprises play an important role in the textile and garment sector, contributing 65 per cent to the sector’s total export turnover. Major investors mainly come from South Korea, Taiwan, Hong Kong, and China. Among them, South Korea is the largest foreign investor in Vietnam’s textile and garment sector.
FDI FLOWS STRONGLY INTO MANUFACTURING, REAL ESTATE
According to the General Statistics Office (GSO), the total FDI disbursed in Vietnam in the first four months of this year reached an estimated 6.28 billion USD, up 7.4 per cent year on year, the highest four-month amount in the past five years.