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Country has acquired financial and political capital in US-China trade war too

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Vietnam has managed to contain COVID-19, lifting social isolation measures and reopening the economy, allowing businesses to resume.

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Despite low growth this year, the Vietnamese economy is projected to rebound strongly next year thanks to the surge in domestic production following the coronavirus pandemic.

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It is unclear what the tourism industry would look like after COVID-19 : travellers will re-venture cautiously with the concept of social distancing in mind.

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Experts have said that once the coronavirus (COVID-19) pandemic ends, higher market demand would support many sectors in quickly resuming their business.

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The initial instinctive reaction to the COVID-19 crisis by most countries was to look inwards and act alone. As a result, borders have closed, supply chains have been disrupted, and regional economic activity has fallen.

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The Industry and Trade Ministry will promote the restructuring of industrial production sectors, especially the support industry, due to difficulties in production during the novel coronavirus (COVID-19) pandemic.

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Expanding the domestic market is currently the direction of many Vietnamese enterprises amid the context of the Covid-19 pandemic. When the export situation has not improved, many enterprises have posted significant growth in the domestic market in the past four months.

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Like many other countries across the world, Vietnam has been badly affected by the COVID-19 pandemic. However, experts still forecast a positive prospect for the Vietnamese economy after the pandemic is stamped out.

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Volatility in global supply chains following COVID-19 is both a challenge and an opportunity for Vietnamese businesses to make inroads into the global supply of Halal products, a workshop in Hanoi on April 28 heard.

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