The Labour Federation in eight districts has called on 93 landlords to reduce rental fees from VNĐ100,000 to VNĐ1 million per month for 4,500 workers. Many of the landlords have presented rice and other essential items to workers who rent their rooms. Workers have been allowed to pay rent at a later date. … [Read more...] about Financial assistance provided to workers affected by COVID-19 pandemic
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According to Tech In Asia, even if Shopee reports profit, its gross margin will be tiny compared to Garena's. In other words, Shopee is burning money earned by Garena. Specifically, the e-commerce platform splurged $765 million out on sales and marketing to get $942 million in revenue and lose $1 billion last year. Garena's sales and marketing expenses were $109 million but the turnover and the pre-tax profits were $1.8 billion and $1 billion, respectively. … [Read more...] about Should SEA Group stop pouring capital in Shopee?
However, he noted that the US side has strict quality requirements for imported medical products. Therefore, he asked Vietnamese businesses to follow instructions from the Government and related ministries, especially the Ministries of Public Health, and Industry and Trade, on regulations related to the export of medical equipment and face masks, and at the same time discuss carefully with US partners about production and export contracts. … [Read more...] about Latest covid-19 news in Vietnam and Southeast Asia on April 7 (updated hourly)
The Ministry of Industry and Trade reports that firms operating in the garment, leather and footwear, and woodwork processing sectors have been hit by a double impact from the ongoing COVID-19, after many of their buyers chose to delay delivery of signed orders in the months ahead. Moreover, the vast majority of buyers are currently declining to enter into to negotiations for new orders. … [Read more...] about BUSINESS NEWS HEADLINES APRIL 7
Vietnamese economy stays resilient to external shocks: WB While Vietnam remains significantly exposed to the COVID-19 outbreak and the ongoing turbulence in the global financial markets, its economy stays resilient to external shocks in the first few months of 2020, according to the World Bank (WB). … [Read more...] about COVID-19 ravages economy of central Vietnam