Assisting people who lost their jobs in both formal and informal sectors should be the top priority in helping the nation to overcome COVID-19 impacts, experts said at a workshop held in Hanoi on March 31 to discuss solutions to post-pandemic recovery.
Hanoi (VNA) – Assisting people who lost their jobs in both formal andinformal sectors should be the top priority in helping the nation to overcomeCOVID-19 impacts, experts said at a workshop held in Hanoi on March 31 todiscuss solutions to post-pandemic recovery.
They said costassistance to affected firms should come next, while incompatible supportpolicies should be redesigned.
Accordingto the experts, it is cautious to take a loosening monetary policy in terms ofscale and duration, especially when economic activities are bustling again,while the fiscal policy should be efficient and support those in need.
Theyrecommended Vietnam to persevere with its long-term reforms to improve the foundationof its macro-economy, in addition to the current short-term policies tomitigate COVID-19 impacts.
JacquesMorisset, World Bank Lead Economist and Program Leader for Vietnam, said thecountry has so far placed the COVID-19 pandemic under control and turned itinto opportunities.
Thecountry has increased its presence in the global trade, pushed for fasterdigital transformation, and better pursued green technologies, among others.
However,he noted the pandemic has caused new risks of damage for the nation.
AssociateProf. Dr. To Trung Thanh, from the Vietnam Economics University (NEU), saidalthough the Government has promptly issued policies in launching its firstsupport package to rescue some economic sectors and those most severelyaffected, recent complicated developments of the pandemic will have acomprehensive and severe impact on the economy.
Itrequires the Government to consider a new package with a larger scale andbroader coverage this year and even beyond to sustain economic development andprepare for the recovery phase, he added.
Theworkshop was co-organised by the NEU, the National Assembly’s EconomicCommittee, and the Vietnamese-based startup and innovation network V-startup.It offered an overall review of the Vietnamese economy last year, assessed theGovernment’s policies in response to the pandemic, and recommended suitablesolutions for post-pandemic recovery.
On theoccasion, the NEU introduced its publication on the annual economic assessmentfor Vietnam in 2020./.
Korean Ambassador to Vietnam Park Noh-wan has written an article on the relationship between the Republic of Korea (RoK) and Vietnam. Following is the full text of the article.
The complicated developments of the COVID-19 pandemic in Vietnam as well as around the world has had large influence among enterprises, especially start-ups.
International and regional cooperation is more important than ever before for the world to overcome the COVID-19 crisis, Deputy Prime Minister and Foreign Minister Pham Binh Minh said on September 3 when attending a virtual conference of the Group of 20 (G20) foreign ministers.
The reopening of the tourism sector and the resumption of industrial production back to normal affirms that Vietnam has spectacularly overcome COVID-19 and is ready to become a regional economic hub, Economic Professor Pankaj Jha has assessed in his recent article posted in website moderndiplomacy.eu.
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Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
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A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Illustrative photo (Source: VNA) 
