The year 2020 is witnessing a wave of enterprises leaving the market after being hit hard by the Covid-19 pandemic. Chair of the Vietnam Chamber of Commerce and Industry (VCCI) Vu Tien Loc said at a recent policy forum on small and medium enterprises that the business community has suffered heavily. As of November, about […]
Read MoreThe Indonesian government on December 4 released a shipment of exports worth $1.64 billion by 133 large and small businesses to seek alternative markets and to revive Indonesian trade, which has slowed during the Covid-19 crisis. While 79 large businesses accounted for the overwhelming majority of the exports, 54 small and medium-sized enterprises (SMEs) contributed […]
Read MoreThe Bank of Thailand’s Monetary Policy Committee (MPC) could cut the policy rate in next year’s first quarter if the economic recovery is shaky, says Kasikorn Research Center (K-Research). Thai exports face uncertainty in the first quarter given higher freight cost, while first-quarter private consumption patterns usually slow from the final quarter, said K-Research deputy […]
Read MoreJAKARTA, Dec. 8 (Xinhua) — A survey conducted by the Indonesian central bank in November showed that the country’s consumer confidence in the current economic condition is better than that in the previous year. “The Consumer Confidence Index in November 2020 showed that the consumer confidence was recorded at 92.0, an increase compared to 79.0 […]
Read MoreSINGAPORE’S economy appears on track to shrink 6 per cent in 2020, although unemployment could rise further by year-end, according to private-sector economists polled by the Monetary Authority of Singapore (MAS) in a quarterly survey. This latest forecast for full-year gross domestic product (GDP) is unchanged from September’s Survey of Professional Forecasters. However, respondents now […]
Read MoreEnterprises need to see the Covid-19 shock as an opportunity to turn things around and reform themselves. VietNamNet presents Dr. Vo Tri Thanh’s article on Vietnamese enterprises’ response to the Covid-19 pandemic. The year 2020 is about to end and the most outstanding thing in the year is the outbreak of the Covid-19 pandemic, which […]
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