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
Nursing home worker salary
The Hanoi Department of Labor, War Invalids and Social Affairs has requested district People's Committees to screen 1.477 million employees eligible to receive the aids, of them 840,000 are people without labor contracts and have lost their jobs. Currently, the districts keep identifying the beneficiaries in accordance with the process and procedures. … [Read more...] about Latest Coronavirus News in Vietnam & Southeast Asia May 29
The diplomat also expressed his belief that the extensive strategic partnership between the two countries will continue to develop strongly in the coming time, promising that he will always do his best to contribute to promoting the Vietnam-Japans friendship and cooperation./. … [Read more...] about Latest Coronavirus News in Vietnam & Southeast Asia May 30
Saebel: Local tourism can certainly offer a certain supply of customers; however, with the massive hotel expansion which we have experienced over the last few years, it is impossible to fill rooms in a profitable way. We certainly see reluctance in F&B sectors, with once crowded restaurants currently sparsely occupied. During times of emergency, people tend to lean toward frugality and the luxury of a hotel stay becomes an unnecessary expense. … [Read more...] about How should Vietnam prepare for post-pandemic tourism recovery?
At least 82 cases so far this week have been linked to a cluster of infections at a logistics facility operated by Coupang Corp, one of the country's largest online shopping firms, in Bucheon, west of Seoul, according to the Korea Centers for Disease Control and Prevention (KCDC). … [Read more...] about South Korea re-imposes some social restrictions to combat new COVID-19 cases