Citi and the Citi Foundation have committed over US$65 million to date in support of COVID-19-related community relief efforts around the world, including nearly US$36 million in charitable contributions from Citi and nearly US$30 million in grants from the Citi Foundation. Citi has launched a new employee donation campaign called Double the Good. For every US$1 donated by a Citi employee in support of COVID-19 relief, Citi will donate US$1 to one of four organizations selected by each of Citi's regions to address unique challenges. In APAC, the matching funds will be donated to United Nations Development Program (UNDP). … [Read more...] about Citi Foundation Donates US$150,000 to Feeding Hong Kong for the Provision of Staple Food Supplies to 5,600 Vulnerable Households
Industrial shop supplies
About va-Q-tecva-Q-tec is a pioneer in highly efficient products and solutions in the area of thermal superinsulation and temperature-controlled shipping. The company develops, produces and markets highly efficient and consequently thin vacuum insulation panels (VIPs) as well as phase change materials (PCMs) for reliable and energy-efficient temperature controlling. In addition, va-Q-tec produces passive thermal packaging systems (containers and boxes) through optimally integrating VIPs and PCMs, which can maintain constant temperatures, depending on type, for up to 200 hours without external energy input. To implement temperature-sensitive logistics chains, va-Q-tec -- within a global partner network -- operates a fleet of rental containers and boxes meeting demanding thermal protection standards. Along with Healthcare & Logistics as the main market, va-Q-tec addresses the following further markets: Appliances & Food, Technics & Industry, Building, and Mobility. The … [Read more...] about va-Q-tec supports pharmaceutical industry in Asia with worldwide logistics of COVID-19 diagnostic kits
According to the NA-assigned targets, Vietnam’s GDP growth rate in 2020 will be 6.8% while inflation will be kept below 4%. However, the unexpected outbreak of COVID-19 in more than 200 countries around the world has made this goal a major challenge which, as assessed by the Government, is difficult to be achieved. Given that fact, the proposal to adjust the growth targets is necessary and consistent with objective reality, looking directly at the socio-economic situation and forecasting the international and domestic situation in the near future. Under the Government’s updated scenario, the country’s GDP will grow by about 4.5% in 2020. The Government has also set a higher growth target of 5.4% in the event of a favourable global situation, with the disease being put under control and the global market recovering. Meanwhile, the consumer price index (CPI) for the whole year will rise by 4% on average; total state budget revenue will see a reduction of VND163 trillion … [Read more...] about BUSINESS NEWS HEADLINES MAY 30
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?
Vo Thi Phuong Mai, deputy director and head of retail services of CBRE Viet Nam, said the COVID-19 pandemic had negatively impacted direct visitor traffic but creating many opportunities for small and medium-sized models such as convenience stores, pharmacies and especially e-commerce. … [Read more...] about E-commerce a positive for retail sector