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Vietnam to reopen the economy – It’s time

“Many won’t die from the disease but being unable to make a living,” Vu Van Tien, President of Geleximco Group gave his view at a meeting with the government last week to stress the need of reopening the economy, noting that it’s time for enterprises to “save themselves”. In a letter sent to the government […]

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Philippines: Bank lending grows in August, snapping 8 straight months of slump

MANILA, Philippines — Bank lending finally snapped eight consecutive months of contraction to return to positive territory in August, bringing good news to a government that is counting on banks to jumpstart the economy from a pandemic-induced crash. Excluding interbank lending, outstanding loans issued by big banks rose 1.3% year-on-year in August to P9.2 trillion, the […]

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Vietnam’s lockdown ensnares world’s clothing giants

AFP – From shoes and sweaters to car parts and coffee, Vietnam’s strict and lengthy Coronavirus lockdown has sparked product shortages among worldwide brands such as Nike and Gap which have grown increasingly dependent on the Southeast Asian nation’s manufacturers. The snarl-ups at Vietnam’s factories are part of a broader crisis around the planet that is […]

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