According to Minister of Culture, Sports and Tourism Nguyen Ngoc Thien, since the beginning of the year, the novel coronavirus (COVID-19) pandemic has directly affected the Vietnamese tourism industry, along with the global tourism sector. The industry has therefore suffered significant losses which has led to a decline in related fields. Furthermore, tourism growth has had a positive impact on many sectors and various aspects of social life, thereby creating plenty of jobs and serving as a means of improving income, and ensuring social security for citizens. This therefore serves to contribute to promoting friendship ties, preserving cultural values, boosting environmental protection, and aiding economic restructuring. Despite these benefits, tourism also represents an industry that is vulnerable to the various impacts and damages caused by natural disasters and epidemics, the Minister said. This year’s conference is being held for the purpose of assessing the current climate … [Read more...] about National Tourism Conference seeks solutions to save tourism industry
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A study by Visa in 2020 found that Viet Nam has seen a surge in mobile wallet and payment app usage in recent years, with over 85 per cent of consumers owning at least one mobile wallet or payment app, and over 40 per cent using mobile contactless payments. … [Read more...] about Sacombank, 1st in Viet Nam to deploy Tap to Phone and NFC technologies
Therefore, in the short term, consumption demand stimulus will be effective with interventions in the price of goods and services. A subsidy policy will be able to do so directly or indirectly, but its focus of attention should be placed on food and foodstuff, since the need for safe, quality food is considerable among the three income groups mentioned above. Another thing to do is to boost the accessibility of commodity groups related to housing and home appliances. For example, help may come in the form of value added tax adjustments, or direct support for businesses. In case it is necessary to offset the VAT revenue deficit, the personal income tax rate bracket can be modified, reducing the number of taxable groups and putting up the tax rate for high-income earners. … [Read more...] about Demand stimulus: where to begin?
Livestream marks launch of first COVID-19 fashion collection Local designer Chung Thanh Phong unveiled a fresh fashion line to the public via a Facebook livestream on May 18 with the theme of “Save Yourself” to promote efforts to combat the novel coronavirus (COVID-19). … [Read more...] about Dirt-cheap so-called ‘branded’ cosmetics fooling people on Facebook
Phan Duc Quang, CEO of the PROVIEW Group, said that if businesses know how to make fast and effective digital transformation and chose the right management software platform with excellent strategy and performance, they will be offered opportunities to thrive in the post-pandemic period. The software focuses on resolving problems for potential customers, such as corporations, groups, banks, small- and medium-sized enterprises, startups and governmental organizations. … [Read more...] about KPIBSC focuses on strategy, performance