The Lao Government has estimated that the budget deficit will rise from 6.69 trillion kip (700 million USD) , equal to 3.7 percent of the country’s gross domestic product (GDP), to 10.3 trillion kip (1.1 billion USD), or 5.7 percent of the GDP. … [Read more...] about Laos faces serious budget deficit
How to get face time
Vietnam and Israel have carried out various cooperation activities in healthcare over the years, especially training courses in first aid for cardiovascular emergencies arranged in eight Vietnamese provinces with the participation of Israeli experts in late 2019. … [Read more...] about Vietnam presents 100,000 face masks to Israel
Following the spirit of “lending to the right people with the utmost efficiency”, general director Duong Quyet Thang required the bank’s branch offices in different localities in the country to host training courses about this kind of lending to ensure its timely and effective implementation, making this task a top priority in the upcoming months. … [Read more...] about VBSP: a helping hand to employees in COVID-19 times
To cope with Covid-19, many governments around the world have had to accept economic sacrifices, with a rise in the public debt-to-GDP ratio and budget deficits. The budgets of quite a few governments have fallen into a situation of more spending and less revenue: spending on the health system, cash and credit supports for workers and the business community, plus reductions and deferment of payments of various taxes. In some states with a decent social security system like in Europe, the ratio of public debt to GDP is up to 80-110%, while budget deficits reach 8-9% of GDP. … [Read more...] about Demand stimulus: where to begin?
Not only people but also relevant forces seem more relaxed in enforcing preventive measures. According to latest statistics of Ho Chi Minh City, forces gave warnings to 9,300 people and fined 4,064 others for not wearing face masks in public places during the period from August 5 to October 10. However, the real figure of violators must be much higher as it is easy to meet people wearing no face masks in public places. … [Read more...] about Citizens’ laxation poses big risk to pandemic prevention work