According to the NA-assigned targets, Vietnam’s GDP growth rate in 2020 will be 6.8% while inflation will be kept below 4%. However, the unexpected outbreak of COVID-19 in more than 200 countries around the world has made this goal a major challenge which, as assessed by the Government, is difficult to be achieved. Given that fact, the proposal to adjust the growth targets is necessary and consistent with objective reality, looking directly at the socio-economic situation and forecasting the international and domestic situation in the near future. Under the Government’s updated scenario, the country’s GDP will grow by about 4.5% in 2020. The Government has also set a higher growth target of 5.4% in the event of a favourable global situation, with the disease being put under control and the global market recovering. Meanwhile, the consumer price index (CPI) for the whole year will rise by 4% on average; total state budget revenue will see a reduction of VND163 trillion … [Read more...] about BUSINESS NEWS HEADLINES MAY 30
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The diplomat also expressed his belief that the extensive strategic partnership between the two countries will continue to develop strongly in the coming time, promising that he will always do his best to contribute to promoting the Vietnam-Japans friendship and cooperation./. … [Read more...] about Latest Coronavirus News in Vietnam & Southeast Asia May 30
There are three groups of employees entitled to benefit from the US$2.7 billion package, including employees whose labor contracts were suspended, those taking leave without payment; laid-off employees not eligible for unemployment benefits; and workers who have no labor contracts and have lost jobs. … [Read more...] about Latest Coronavirus News in Vietnam & Southeast Asia May 29
Bochmann: COVID-19 has completely halted tourism activities, not only in Vietnam but pretty much the whole world. I don’t think that people outside the tourism industry completely understand how big the disruption is and how many people this affects. It’s not just hospitality workers in hotels and travel/tour operators (which number in the thousands), but also the families that rely on them to fill their rice bowls at home. For every hotel worker, travel/tour operator, there are also about four merchants, suppliers, farmers, shop owners, and drivers that rely on tourists to come to Vietnam and holiday or conduct business meetings, conferences, and exhibitions. … [Read more...] about How should Vietnam prepare for post-pandemic tourism recovery?
The Vietnamese man illegally crossed the southwestern border into Vietnam’s Tay Ninh province from Cambodia on May 2 and was diagnosed with the SARS-CoV-2 virus that causes the COVID-19 disease, at the province’s concentrated quarantine camp on May 15. Since being admitted to the provincial General Hospital, the patient responded well to treatment and had tested negative twice. … [Read more...] about 85% of confirmed cases recover from coronavirus in Vietnam