Capitalism and free enterprise

At the Imperial City, cultural performances will be held on Tet, including dragon dance and folk games; meanwhile, a royal music programme will be organised at the back yard of Thai Hoa Palace. The shifting-guard ceremony is scheduled to take place at Ngo Mon Gate. Vo Le Nhat, director of the Hue Monuments Conservation Centre, said that the activities were aimed to provide a royal Tet atmosphere for visitors. Earlier, to stimulate the tourism sector, visitors to Hue were offered half-price entrance tickets to sites in the Imperial City of Hue from late November to late December last year. … [Read more...] about Free tickets offered to Hue’s historic sites on Tet

Berlin (VNA) - German newswire Deutsche Welle (DW) recently ran an article hailing Vietnam’s successes in combating the COVID-19 pandemic as well as economic development on the threshold of the 13th National Congress of the Communist Party of Vietnam (CPV). The article lauded Vietnam among few countries in the world that have been successful in preventing the outbreak, saying soon after the onset of the health emergency, authorities put in place strict measures to control the spread of the virus, which helped keep infection number under control throughout the year. According to the US-based Johns Hopkins University, the country has so far recorded 1,544 COVID-19 infections and 35 deaths. The Vietnamese Government’s successful handling of the health crisis has had a positive effect on the economy. Vietnam is one of the few countries that managed to post growth in 2020, expanding by 2.9 percent in a year while many economies worldwide recorded massive contractions. … [Read more...] about German media commends Vietnam’s COVID-19 prevention, economic development

Vice President Dang Thi Ngoc Thinh presents Tet gifts to needy workers and their children Thinh praised the efforts of the company as well as other enterprises in Binh Duong to ensure stable livelihoods for workers amid the COVID-19 pandemic. … [Read more...] about Vice President pays pre-Tet visit to poor workers, policy beneficiaries in Binh Duong

Moreover, the Can Tho City branch of the Vietnam Bank for Social Policies has not received any applications so far, as enterprises fail to meet lending requirements. Borrowers are required to have 20% to 30% of staff participating in compulsory social insurance, but they cannot afford the insurance for a long time, said Huynh Van Thuan, director of the branch. SGT … [Read more...] about VN central bank’s VND16 trillion aid receives lackluster response from employers

The SBV’s statistics showed that by June 2020, the bad debt ratio of the CI system was below 2 percent so the ratio of the whole year may reach the target of below 3 percent set in Decision 1058. From 2012 to the end of March 2020, the entire CI system handled more than 1,000 trillion VND (43.48 billion USD) of bad debts. … [Read more...] about Vietnam’s credit institutions must speed up restructuring to meet deadline