The World Bank on Tuesday slashed economic growth forecasts across Asia this year amid the coronavirus pandemic, predicting that Malaysia and Thailand would plunge into recession even in a best-case scenario.

The spread of the Coronavirus disease (Covid-19) has affected foreign direct investment (FDI) inflows to Vietnam. However, it could also provide Vietnam with a great opportunity to receive FDI inflows from investors seeking to shift their production from China to the Southeast Asian region in order to limit risks, with Vietnam featuring prominently on their radar.

Seafood exporters in Vietnam are seeing their orders and export value plunge due to the coronavirus pandemic.

The COVID-19 pandemic is first and foremost a human tragedy. Measures introduced to deal with the pandemic could save lives but are having wide-ranging economic effects and inducing economic contagion. There are already studies estimating the economic impact of the virus. But greater focus is needed on the transmission mechanisms of the economic contagion and in critiquing how assessments of the economic impacts are made, concentrating on the ASEAN region.

Shifting from direct to indirect exports through distribution and e-commerce systems has become an urgent requirement in the context of the outbreak of the acute respiratory disease caused by the novel coronavirus (Covid-19).

The Vietnam National Textile and Garment Group (Vinatex) on March 25 informed that Vietnam’s garment and textile industry might suffer a loss of up to VND11 trillion if export orders continue to be halted, delayed and canceled.

Seafood exporters are seeing up to half their orders canceled or delayed as demand shrinks amidst the Covid-19 pandemic.

The World Trade Organization (WTO) Director General Roberto Azevedo warned on Thursday that the world is leading up to an economic crisis worse than that of 2008, due to the Covid-19 pandemic.

ASEAN sacrifices advantages of economic integration to block contagion.

According to the Ministry of Industry and Trade, as the EU has closed borders, consumption demand of Vietnam's main export products like textiles, footwear, furniture and phones will likely decline.