The number of active COVID-19 patients in ASEAN passed 10,000 at the beginning of this week. As a collective, ASEAN represents nearly 650 million people, and with more people continuing to be infected with each passing day, the ASEAN, it’s people, economy and way of life are hit increasingly harder.

If the Covid-19 crisis prolongs, as many as 50 percent of Vietnamese businesses could go under, a VCCI survey has found.

Vietnamese wood processing firms have reduced production or suspended operations as most of the major importing countries for their products face hardships because of the COVID-19 pandemic.

As authorities across the globe asked or mandated people to stay home to slow the spread of the novel coronavirus, they may have also triggered a plunge in global trade that hasn't been seen since the Great Depression, according to the World Trade Organization.

The global COVID-19 pandemic is damaging economies the world over, but it could also be an opportunity for Vietnamese agricultural businesses.

Vietnam’s trade activity has been badly hurt by the coronavirus disease (Covid-19) outbreak over the past months. Nevertheless Vietnam has so far contained the outbreak relatively well and more export opportunities are expected to arrive over the coming months.

Analysts in advanced economies are reckoning with a phenomenon familiar to fragile or failed states – a total economic standstill and the devastation that follows, says Mohamed A El-Erian.

The global recession brought on by the COVID-19 pandemic is almost certain to be far deeper and more protracted than the one that followed the 2008 global financial crisis. While many governments have pledged to bolster their economies with unprecedented monetary and fiscal stimulus – despite holding already-massive public debt – the best they can probably hope for is to stave off economic collapse. If they insist on turning inward – pointing fingers and erecting barriers, instead of upholding international cooperation and economic engagement – even that may become impossible.

Eighty-three per cent of companies in the physical value chain in Việt Nam have been suffering from supply issues over the past two months due to the impact of the COVID-19 pandemic, a recent survey by CEL Vietnam, a supply chain consulting and training firm, has found.

The coronavirus 2019 (Covid-19) pandemic will test the soundness of the economic fundamentals of the Asean+3 economies, including the Philippines, but the region is bound to emerge from the crisis stronger, according to the Asean+3 Macroeconomic Research Office (AMRO).