Companies’ annual general meetings are likely to be delayed this year with many saying they have not yet set a date, banks have taken advantage of the situation to expand their online services to mitigate its effect on their business.
Support packages from the Government and banks would contribute to partly reducing difficulties for enterprises affected by COVID-19, but stronger measures should be taken for the most hard-hit industries, experts said.
Viet Nam this year would have opportunities to continue increasing rice exports to Senegal, as well as Africa as a whole, due to high demand from those markets.
Viet Nam’s economy will suffer in the short term from the novel coronavirus but its deep integration with the world will new opportunities for trade and investment in the long run.
The fruit and vegetable farming segment needs to restructure production, enhance linkages among stakeholders in the value chain and invest in modern processing plants.
Viet Nam might fail to achieve its 6.8 per cent GDP growth target set earlier this year as the coronavirus epidemic continues to take a heavy toll on the global economy.
The textile industry suffers from a shortage of raw materials since they are mostly imported from China, which is reeling under the coronavirus epidemic.
The State Bank of Viet Nam has asked credit institutions to prepare capital sources to meet borrowing demand and provide support to customers who have been affected by the coronavirus epidemic.