Markets worldwide were breathing collective sighs of relief this week amid news that First Citizen’s Bank had acquired Silicon Valley Bank (SVB) after more than two weeks of uncertainty and financial distress that has infected Europe and rattled Asia.
After months of some form of a lockdown, Vietnam’s largest city and epicenter of the country’s fourth Covid wave, Ho Chi Minh City, enjoyed its first weekend under relaxed restrictions. A sense of normalcy is returning, yet Vietnam’s Covid-19 battle is far from over. The following is Access Asia’s latest update on the situation in Vietnam in collaboration with Vietnam Weekly, a subscription-based publication covering current affairs in Vietnam. On Friday afternoon, Ho Chi Minh City’s overarching new pandemic rules got an official name: Directive 18. This codified the sweeping loosening of restrictions and the impact this weekend was as […]
As we end the month of August, Vietnam has now gone four months of an uphill battle against its fourth wave of Covid cases, a battle that due to strict containment measures has shuttered the economy, disrupted supply chains and of course uprooted people’s livelihoods. Unfortunately, the light at the end of the tunnel is still not appearing as covid cases continue to rise. Yet, we are hopeful that we are either at or very near the peak and that numbers will begin a steady downturn, restrictions steadily eased, and a sense of normalcy can return. One thing is certain […]
As Vietnam continues to battle major Covid-19 outbreaks throughout the country, in which strict containment measures have shuttered economy activity, supply chains and of course people’s livelihoods, an interesting form of vaccine diplomacy occurred earlier this week with another health-related twist – Havana Syndrome. On Tuesday, there was a three hour delay in the flight departure of US Vice President Kamala Harris flying from Singapore to Hanoi due to a report of a “recent possible anomalous health incident” in Hanoi. The incident is being investigated by the US as possible cases of Havana Syndrome, the term used for a rash […]
Vietnam is battling major Covid-19 outbreaks throughout the country as the Delta variant unleashes its havoc on a country that up until a few months ago had been mostly spared from the pandemic. Strict containment measures, mostly in the form of hard lock downs, have taken a major toll on the livelihoods of millions as economic activity shutters. In this update, which is in in collaboration with Vietnam Weekly, we are going to take a closer look at the economic impact of the current outbreak (Vietnam’s fourth wave which began in late April). COVID-19 comes for the economy In late April, Vietnam […]
As Vietnam continues to battle major Covid-19 outbreaks throughout the country, strict lock-downs have been extended, with Ho Chi Minh City extending its current lock-down for at least one more month. Unfortunately, despite strict containment measures and a rapid vaccination roll-out program, the country is making limited headway against the Delta variant in this fourth wave of Covid cases in Vietnam. Here is Access Asia’s Monday update on the situation in collaboration with Vietnam Weekly, a subscription-based publication covering current affairs in Vietnam. Data update Last Thursday night, this outbreak’s COVID-19 case total was 242,552, with 152,561 active infections. Those figures […]
Vietnam is battling major Covid-19 outbreaks throughout the country as the Delta variant unleashes its havoc on a country that up until a few months ago had been mostly spared from the pandemic. Here is Access Asia’s Monday update in collaboration with Vietnam Weekly, a subscription-based publication covering current affairs in Vietnam. The latest data Last Thursday night, this outbreak had accounted for 185,004 cases of community transmission, a figure that is now 206,439 (135,462 of which are active). In a concerning development yesterday set a new single-day case record, 9,684. Vietnam had gone over a week without breaking any records. […]
Over a third of 2020’s online business in Southeast Asia was generated by new shoppers – and, on average, eight in 10 of them intend to continue buying online in future, according to surveys.
China has a significant lead on EVs compared to Southeast Asia, where moves to embrace and capitalize on the opportunities offered by green vehicles remain nascent. All the same, signs of catchup are evident throughout the region.
Shifts in regional supply chains that began as a trade war between the United States and China are being hastened this year by the coronavirus pandemic. Broadly speaking, this will result in slowdown in offshoring to China and a redistribution of manufacturing foreign direct investment (FDI) to the Association of Southeast Asian Nations (ASEAN).
After years of strong growth, the renewable energy sector is set to take a breather – and likely into next year. Immediate demand for energy has collapsed, oil prices have fallen in tandem and capital markets are in turmoil and therefore unlikely to support capital intensive projects.
As Covid-19 dominates global headlines, it is easy to lose track of other news and developments. Here are some of the issues that Access Asia Group has been following in Southeast Asia under the shadow of Covid-19.