This negative outlook is also being mirrored in other sectors, with the Vietnam Timber and Forestry Product Association stating that all five key importers of Vietnamese woodwork products, including the United States, the European Union, Japan, China and the Republic of Korea have chosen to either delay or cancel orders that had been placed with their Vietnamese counterparts. … [Read more...] about BUSINESS NEWS HEADLINES APRIL 7
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BUSINESS NEWS HEADLINES APRIL 8
Some exports such as electronics, automobiles and chemical products are likely to suffer hits from supply chain disruptions in mainland China, while other exports, notably metal products, machinery and equipment, could gain from trade diversion, though probably not enough to offset the impact from supply chain disruption. … [Read more...] about BUSINESS NEWS HEADLINES APRIL 8
16,000 businesses still need Ministry of Finance rescue
Associate Professor Doctor Nguyen Thi Thuy Duong, lecturer at the National Economics University, said that in order to cover all businesses hit by COVID-19, the Ministry of Finance should stipulate businesses which were damaged by the pandemic would be supported from the package, and not distinguish specific industries. … [Read more...] about 16,000 businesses still need Ministry of Finance rescue
KIDO Group reports steady sales in oil and frozen businesses
With its effective implementation, in the first quarter of the year, although KDF recorded net revenue of VND260 billion ($11.1 million), slightly down by 2.3 per cent year-on-year, pre-tax profit increased by 15.9 per cent year-on-year, reaching VND27.3 billion ($1.2 million). … [Read more...] about KIDO Group reports steady sales in oil and frozen businesses
16,000 businesses still need support to overcome COVID-19 impact
Hanoi (VNS/VNA) - About 16,000 businesses are not included in the Ministry of Finance’s support package on tax and land rent, according to economic experts.Ministry of Finance, said about 98 percent of businesses would benefit from the package with total tax and land rent being extended to 180 trillion VND (7.67 billion USD).COVID-19. Most of their goods are not consumed, while more than 200,000 workers of the Vietnam Beer Alcohol Beverage Association (VBA) have had their work interrupted. … [Read more...] about 16,000 businesses still need support to overcome COVID-19 impact
