The outbreak of the 2019 novel coronavirus (2019-nCoV) has affected Vietnam’s trade with not only China but also other markets, said Deputy Minister of Industry and Trade Do Thang Hai.
Vietnam's agriculture exports to China could plunge by as much as $800 million if the novel coronavirus epidemic continues to hurt trade, officials estimate.
Vietnamese banks are foregoing international transaction charges and reducing lending rates, helping businesses hurt by the novel coronavirus epidemic.
Prime Minister Nguyen Xuan Phuc has agreed to restore export and import activities at border gates with China but quarantine rules must be rigorously obeyed, according to an announcement of the Government Office.
The extended shutdown of Chinese factories from the coronavirus outbreak is upsetting supply chains as manufacturers feel the pinch from shortages of material and travel restrictions on staff.
Vietnamese textile and footwear manufacturers are struggling to import material from China where the new coronavirus outbreak has resulted in factories being shut down.
Amid wide opposition, U.S. administration’s decision to increase tariffs on derivative steel and aluminum imports by 25 percent and 10 percent respectively took effect on Saturday.
Home
About Us
