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?
Fresh to home return policy
Many residential areas in central province of Thua Thien-Hue have been submerged due to heavy rains and floods “The U.S. Mission in Vietnam expresses our deepest condolences to the people of Vietnam for the loss of life, destruction of property, and displacement of people due to the flooding in central Vietnam. We stand together with the Government and the people of Vietnam as they mourn their loved ones, address the damage caused by this terrible flood, and move forward, as the people of Vietnam have always done. We pledge to assist you in your work to rebuild,” said Ambassador Kritenbrink. “I would also like to express my concern for persons with disabilities in the provinces affected by the typhoon as they are amongst the most vulnerable populations in this disaster. They are often home-bound, have less access to information and cannot take full advantage of preparedness activities and evacuation protocols,” he added. … [Read more...] about The United States Announces Assistance to Vietnam to Respond to Tropical Storm Linfa
The Ministry of Culture, Sports and Tourism in co-ordination with the Quang Nam provincial People's Committee and the Private Economic Development Research Board launched the National Tourism Conference 2020 on November 28 with the theme of "Linking, Action and Development". In attendance at the event were hundreds of travel operators from across the country. Speaking at the conference, Deputy Prime Minister Vu Duc Dam emphasized that the local tourism industry has since established for 60 years and has development associated with several national historical periods. Overall, it has made plenty of positive contributions to boosting economic development, expanding diplomatic relations, and encouraging cultural and people-to-people exchanges between with other countries across the globe. The Deputy PM added that digital transformation in tourism development is vital, not only for the industry, but for all other economic sectors. The digital transformation and application of … [Read more...] about National Tourism Conference seeks solutions to save tourism industry