Business

Supermarket shelves have been filled again as supermarkets and local authorities assure citizens that there will be enough food for Hanoi.

Investment in Vietnamese start-ups is growing sharply with millions of dollars pledged in 2019 and the first two months of 2020, according to Singaporean venture capital firm Cento Ventures.

A chicken processing factory in Chuong My district, Hanoi, has become the first business in Vietnam to be licensed to export processed chicken products to Russia.

Cyclo services in Danang City are struggling to find customers as the tourism industry has been hit by fears of the Covid-19 outbreak.

Farmers in the Mekong Delta are harvesting the 2019-20 salt crop, with the prolonged hot weather providing a bumper harvest, and prices ruling high.

The banking sector is building a credit support programme with a value of VND285 trillion (over USD12.2 billion ) for firms hit by the epidemic of the acute respiratory disease caused by the SARS-CoV-2 (COVID-19).

The Ministry of Industry and Trade (MoIT) confirmed that the goods reserves are still plentiful to ensure adequate supply for people.

Many shops and restaurants in Hanoi and HCM City have closed or are looking for new owners due to Covid-19 fears.

People in Hanoi have started to store foods and essential goods after the city reported the first Covid-19 patient on March 6.

Bamboo Airways will launch two direct routes connecting Munich - Germany's third-largest city - with Vietnam's Hanoi and Ho Chi Minh City in the middle of this year.

Commercial banks in Vietnam have provided assistance to more than 44,000 business customers affected by the coronavirus outbreak by delaying loan repayments, lowering interest rates, cutting fees and introducing new credit programmes.

Samsung Vietnam has announced the commencement of construction on a new 220 million USD research and development (R&D) centre in Vietnam, with completion scheduled for late 2022.

National flag carrier Vietnam Airlines has decided to halt all of its flights from and to South Korea from March 5 due to coronavirus outbreak.

Nearly 16,200 businesses suspended operations in the first two months of this year, up 19.5 percent annually, reported the General Statistics Office.

The February consumer price index slipped 0.17 percent from the previous month due to falling demand for goods after Tet holiday, falling petrol prices, and the Covid-19 outbreak, according to the General Statistics Office.

The recently ratified EU-Vietnam Free Trade Agreement (EVFTA) and the EU-Vietnam Investment Protection Agreement (EVIPA) will give the Vietnamese business community an opportunity to improve its competitiveness in global value chains.

As many as 40% of planes of the national flag carrier Vietnam Airlines are being left idle and leaders' wages cut by 40% amid falling customers due to the virus outbreak.

The retail prices of petrol were reduced as from 3pm on February 29 following the latest adjustment by the Ministry of Industry and Trade and the Ministry of Finance, making it the fourth consecutive reduction since the beginning of 2020.

COVID-19 makes it a good time for businesses to look into new ideas and unite to overcome a hairy problem.