Nearly 74 percent of firms to go bankrupt if epidemic lingers: survey If the epidemic of the acute respiratory disease caused by the SARS-CoV-2 (COVID-19) lasts for more than six months, it may cause up to 73.8 percent of the firms to go bankrupt, a recent survey finds. … [Read more...] about Business survey to begin on April 1
Business
Businesses want more than just an interest rate cut, seek bailout
Bao Viet Securities (BVSC) commented that the interest rates SBV has cut mostly support the liquidity of the banking system and reduce short-term interest rates in the interbank market. The connection between these short-term interest rates with real lending interest rates is limited. According to Bui Quang Tin, a respected finance and banking expert, adjusting the interest rates is suitable to the current inflation rate, exchange rate and other macroeconomic factors, but the interest rate cuts will have an impact in the medium and long term. … [Read more...] about Businesses want more than just an interest rate cut, seek bailout
Businesses find opportunity in Covid-19 pandemic
"Some SMEs have cash cycles that only allow them to survive for three months. This means some of them will inevitably be shaken out of the market. Nevertheless, from a macro standpoint, this is the price the economy needs to pay for businesses to improve, become more sustainable, and develop buffers against crises." … [Read more...] about Businesses find opportunity in Covid-19 pandemic
Vietnamese businesses, landlords lean on each other to survive epidemic
Many shopping malls and landlords have accepted to lower retail premises rent or exempt rent to help tenants overcome difficulties at this time. Late last week, more than 100 petty merchants at An Dong Plaza shopping mall in district 5 sighed with relief when the plaza’s management board said there would be 30 percent rent reduction for March, April and May. … [Read more...] about Vietnamese businesses, landlords lean on each other to survive epidemic
Many firms optimistic about business in Q2
Hanoi (VNS/VNA) - Many enterprises in the manufacturing and processing industry are optimistic about the outlook for the second quarter of 2020, according to a survey conducted by the General Statistics Office (GSO). … [Read more...] about Many firms optimistic about business in Q2
