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
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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?
Deputy Prime Minister Vũ Đức Đam spoke at the National Conference on Tourism Development in the central province of Quảng Nam on Saturday, stressing State agencies, businesses, travel agencies and residents should promote links and efficient co-operation to help the tourism industry overcome the most difficult time after the pandemic. … [Read more...] about Domestic market to help tourism sector in post-COVID-19-period
According to Minister of Culture, Sports and Tourism Nguyen Ngoc Thien, since the beginning of the year, the novel coronavirus (COVID-19) pandemic has directly affected the Vietnamese tourism industry, along with the global tourism sector. The industry has therefore suffered significant losses which has led to a decline in related fields. Furthermore, tourism growth has had a positive impact on many sectors and various aspects of social life, thereby creating plenty of jobs and serving as a means of improving income, and ensuring social security for citizens. This therefore serves to contribute to promoting friendship ties, preserving cultural values, boosting environmental protection, and aiding economic restructuring. Despite these benefits, tourism also represents an industry that is vulnerable to the various impacts and damages caused by natural disasters and epidemics, the Minister said. This year’s conference is being held for the purpose of assessing the current climate … [Read more...] about National Tourism Conference seeks solutions to save tourism industry