Economy and commerce

The General Statistics Office (GSO) of Vietnam said on Friday an estimated five million workers and nearly 85 percent of companies in the country were negatively affected by the novel coronavirus disease (COVID-19) pandemic in the first quarter of 2020. Turbulence was observed in the Vietnamese labor market in Q1 2020 and ...

As China shows signs of recovery from the COVID-19 outbreak, speculations abound about what a post-COVID-19 future will look like. Amid the cacophony of voices, consensus is gathering that global power balances will shift. What this shift might entail is fiercely debated. Some see China ...

The following is a translation of Prime Minister Prayut Chan-o-cha’s letter sent to Thailand’s 20 richest people following a special 10-minute speech broadcast on national TV at 6pm last Friday. The letter was dated April 20. “Thailand is facing a Covid-19 outbreak which is one of ...

Services that deliver food, groceries, medical supplies and packages are among the few businesses thriving during the COVID-19 pandemic after local authorities ordered the closure of bars, dine-in restaurants, and entertainment facilities throughout much of Myanmar. More and more Myanmar people are practising social distancing ...

Shutdowns from the pandemic could trigger a tsunami of job losses in Thailand especially for employees who don’t have a regular salary, low-paid workers and people without a written contract. The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) says that as much as 7 ...

The current COVID-19 virus health crisis is said to have been passed on by animals to humans. Suspected wildlife pinned for the spread of the pandemic include bats and pangolins – both considered delicacies in China where the virus first emerged. According to a recent study, ...

The COVID-19 pandemic has slowed global trade and disrupted supply chains. The virus, which first started in China, shut manufacturing facilities for an extended period of time. As China, known as the factory of the world, shut factories, it resulted in a ripple effect battering ...

In 1975, Vietnam emerged from its 20-year-long war as one of the poorest nations in the world. Since then, its economy has been transformed — largely thanks to a package of economic and political reforms, designed to engineer growth, that was launched by the government in ...

Viet Nam’s economic growth rate is expected to slow sharply in 2020, to 4.8%, from the initial supply shock to economic activity from the outbreak of the novel coronavirus (COVID-19) and the subsequent and ongoing drop in demand from Viet Nam’s principal trade and investment ...

After two decades of strong performance, Cambodia’s economic growth is expected to drop to 2.3% in 2020. This is due to the new coronavirus disease (COVID-19) pandemic, the resulting economic slowdown in the major advanced economies and the People’s Republic of China, and the country’s ...