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?
Free cash flow
In addition, the Government cautiously recommended the NA consider and adopt the guideline on several specific mechanisms and policies to revive the economy in the new situation. Accordingly, the Government asked for the NA’s permission to proactively adjust the 2020 public investment plans among ministries, sectors and localities within the expenditure estimate on development investment; convert the investment mode for important transport projects from that of a public-private partnership to the use of the state budget; exempt and reduce a number of tax obligations concerning the areas and subjects suffering heavy losses due to COVID-19; postpone the increase of basic salary for civil servants, public employees and the armed forces and pensions from July 1, 2020; and consider launching new economic stimulus packages if the pandemic continues to be prolonged on a global scale. … [Read more...] about BUSINESS NEWS HEADLINES MAY 30
To Quoc Nam, deputy director of Ca Mau Province's Department of Agriculture and Rural Development, said the province faces a similar situation and that rural residents live in scattered areas, which makes investing in water supply projects more difficult. … [Read more...] about Rural residents in Mekong Delta need access to clean water
Tai Hui, head of the Standard Chartered Bank’s Asian research department, says that there are two factors that put pressure on the devaluation of the VND. First, the increase in the price of gold makes local investors pay more attention to gold than the Vietnamese currency. Second, the trade deficit may reach more than US$2 billion a month. Although this level is lower than in the first half of 2008 (about US$2.5-3 billion), it has raised great concern about the balance of payment, especially when FDI and overseas remittances are forecast to increase slightly. … [Read more...] about Increase basic interest rate – a good therapy for national economy
Coocaa joined Vietnamese market at the end of 2018, selling 5 smart TV models' on Lazada including 55S5G, 50S5G, 40S5G, 40S5C and 32S5C, and set the first record for top best-selling products on this e-commerce platform. Coocaa got No.1 in sales on Lazada of 12.12 shopping festival in 2019. … [Read more...] about Coocaa S6G TV breaks e-commerce live streaming record on Lazada Vietnam with 1000 in sales