The question of how to help Vietnamese footwear enterprises fully grasp the market situation, trends, and opportunities of promoting footwear exports to the United States during and after the novel coronavirus (COVID-19) epidemic was a key talking point during a recent online conference held in Washington DC

A productivity-driven development model will be key for Vietnam to achieve its ambition of becoming a high-income economy by 2045, a report released by the World Bank on May 27 has suggested.

Vietnam has adopted synchronous policies and measures to recover its economy both during and after the COVID-19 pandemic, Vice Foreign Ministry Spokesman Doan Khac Viet has said.

Economic prospects for the developed world this year have darkened again in the past month as the coronavirus pandemic has rolled from Asia to the Americas, with a V-shaped sharp recovery expected by less than one-fifth of economists polled by Reuters.

The world faces an acute shortage of personal protective equipment (PPE) as the COVID-19 pandemic spreads. Shortages of medical masks, protective suits, goggles and gloves are putting the lives of frontline healthcare workers at risk. Panic buying, hoarding and misuse by the public are making the situation worse.

Despite the impacts of the Covid-19 pandemic, in the first four months of this year, wood exports still achieved US$3.2 billion, an increase of 6 percent over the same period last year.

Vietnamese firms need to diversify their overseas markets and improve their strengths to capitalise on opportunities after the Covid-19 pandemic ends, an online seminar heard in HCM City on Friday.

Vietnam can entrench itself in global supply chains if the U.S. forms a network of partners to reduce reliance on China, analysts said.

With initial success in containing COVID-19 and an advantage as a safe investment destination, Vietnam is attracting a shift of foreign direct investment (FDI) inflows

Việt Nam attracted US$12.33 billion worth of foreign direct investment in the first four months of 2020, a year-on-year decrease of 15.5 per cent due to the impact of the COVID-19 pandemic, according to the Foreign Investment Agency.