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Participants in the event included Vietnamese Ambassador to Cuba Le Thanh Tung and Cuban Ambassador to Vietnam Orlando Nicolas Hernandez. Deputy Minister Son spoke of Vietnam’s situation, including the prominent outcomes of the 13th National Party Congress, measures in response to COVID-19, economic development, and social security ensuring. He affirmed that Vietnam always treasures and wishes to continue deepening the special traditional friendship and comprehensive cooperation with Cuba. For his part, Gonzalez also informed about the situation of his country, countermeasures to address difficulties caused by sanctions and the COVID-19 pandemic, and the updating of the socio-economic model. The two officials reviewed and assessed the areas of cooperation between Vietnam and Cuba, as well as between the two foreign ministries. They also looked into ways to develop bilateral relations in a more intensive and comprehensive manner. They agreed to keep close coordination to organize high-level visits when possible; effectively carry out cooperation mechanisms; increase exchanges between the countries’ ministries, sectors, and businesses; promote trade and investment ties; and work together in such spheres as food security, education, healthcare, science - technology, culture, sports, and tourism. At the consultation, the deputy foreign ministers had in-depth discussion about global and regional issues of shared concern. They concurred in the continuation of coordination and mutual support at international organizations and multilateral forums of which both Vietnam and Cuba are members. Source: VNA …

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"Positive sentiments fuelled by the COVID-19 vaccination drive in the country and the impact of growth-promoting policies are expected to support the economic revival over the short to medium term," the CBSL said in a statement. Meanwhile, the CBSL said that the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) would remain at 4.5 percent and 5.5 percent respectively, following a review by the Monetary Board. "The Board noted the recent slowdown in credit disbursements to the private sector and inadequate lending to productive sectors of the economy, and stressed the need for the financial system to actively lend to productive sectors in order to support the ongoing recovery of domestic production-based economic activity," a statement by the CBSL said. …

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The Hanoitimes - Hotels in Quang Ninh province were over crowded over the weekend. The Vietnamese government is considering reopening to foreign tourists as the country and the world enter a new normalcy driven by the Covid-19 pandemic, Prime Minister Nguyen Xuan Phuc said at a meeting with key leaders of Quang Ninh province on May 24. Prime Minister Nguyen Xuan Phuc addresses at a meeting with key leaders of Quang Ninh province. Photo: VGP Phuc also asked other localities across the country to strongly promote and prepare all conditions for welcoming domestic travelers in the time ahead. In the context of the pandemic. Welcoming back foreign tourists should be prepared with a focus on the safety of tourists, said experts in the field. The Ministry of Culture, Sports and Tourism will submit a schedule for re-starting inbound tourism in the coming time. In the first four months of 2020, international arrivals to Vietnam plunged 37.8% year-on-year to 3.7 million, according to the General Statistics Office. In April alone, the number of tourists fell 98.2% from a year earlier and 94.2% against March. The pandemic impacted on the whole tourism industry and its goal of welcoming about 20.5 million international visitors this year is highly unlikely. At the meeting on socio-economic restoration measures of Quang Ninh province in the post-Covid-19 period, the prime minister praised the encouraging restart of the province's tourism industry with a focus on domestic travelers. Depending greatly on the tourism industry, the province suffered a great loss due to the pandemic. PM Phuc said he was impressed witnessing the large turnout of domestic tourists to Quang Ninh province almost immediately after the province, home to the UNESCO-recognized heritage Ha Long Bay, reopened for tourists. On May 23 alone, roughly 11,000 people visited the bay. A resort in Cam Pha City, Quang Ninh province. In the first months of …

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