The novel coronavirus (COVID-19) pandemic has had negative impacts on the domestic wooden processing industry, but this is also an opportunity for timber enterprises to review their production and business methods maintain stability at present and drive for sustainable development in the future.

The Trade Remedies Authority of Việt Nam has announced the list of 12 products which are at risk of being investigated for trade defence measures or origin fraud and illegal conveyance

Most economic industries, including garment and textile, have been hit hard by the COVID-19 outbreak. When the epidemic broke out in China, Vietnamese garment and textile businesses faced interruption in the supply of raw clothing materials from China.

While the difficulties facing Vietnam in securing materials for production have subsided as China and the Republic of Korea have essentially contained the coronavirus epidemic, new challenges have arisen when the epidemic spreads to the EU and the US, two major importers of Vietnamese goods.

It expects Singapore economy to shrink 3.5% this year, with a recovery to 3% growth in 2021

At Thai Khu Fah Building, Government House, Prime Minister and Defense Minister Gen. Prayut Chan-o-cha attended the ASEAN+3 Special Summit via a video conferencing to discuss COVID-19 situation. Prof. Narumon Pinyosinwat, Government Spokesperson, disclosed gist of the meeting

The coronavirus pandemic will pull down the global economy to its worst post-war recession, bringing with it economies like the Philippines which is poised to notch its weakest growth in more than two decades.

Enterprises shipping face masks and protective clothing to members of the EU need to pay due attention to the standards imposed by the EU or its respective members, the Vietnam Trade Office in Belgium has said.

South Korea and Việt Nam could enhance their co-operation to help Việt Nam become the main link in the supply chains of South Korean businesses, especially in the automobile, electronics and garment and textile sectors.

The garment industry was suffering an unprecedented crisis due to COVID-19, but the pandemic also brought significant opportunities for Việt Nam to become the world’s face mask factory.