It has been two years since Covid-19 appeared and affected all activities from normal to a business one. Especially in the Manufacturing Industry which requires a large number of workers, the Covid-19 and quarantine action have strong effects, like a hurricane to the Industry. There is no doubt that Covid-19 has ushered in a large number of death cases and sicknesses which firstly could not be predicted all over the world. However, another side of the Covid impacts on business is that it promotes business owners to invest more in technology to improve working efficiency during quarantine duration. The way that business owner faces the new normal situation can decide this is a good time to improve the efficiency or it marks the end of a business? Hear me out.
Vietnam’s exports are estimated to have risen 19% this year to $336.25 billion, while its industrial output increased 4.8%, according to General Statistics Office (GSO).
Vietnam’s manufacturing, retail and newly formed businesses posted positive growth in November, thanks to improved economic conditions according to the latest World Bank report.
Vietnam stands to benefit after the EU and China suspended the Comprehensive Agreement on Investment (CAI). The CAI was supposed to be a significant bilateral treaty that would replace the 26 existing bilateral investment treaties between 27 individual EU Member States and China, thus providing a uniform legal framework for EU-China investment ties.
The UK’s Daily Mail newspaper has published an article hailing Vietnam as one of the world’s economic success stories.
The manufacturing sector in October saw significant expansion for the first time in five months as firms ramped up production to meet rising export orders spurred by the COVID-19 pandemic gradually coming under control, experts said.
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