The wild discounting of accommodations is a trend we’re seeing particularly with Hoi An homestays and budget accommodations. This is helping local businesses bring in basic income. When it comes to 4- and 5-star resorts and hotels, the trend of discounting is also a good way to attract domestic travelers, though this could lead to a reduction in service quality as businesses work to keep costs under control. … [Read more...] about How should Vietnam prepare for post-pandemic tourism recovery?
Positive cash flow
On account of the registration fee cut, however, many dealers say that the Honda CR-V will lose many of its advantages and even have to join a price war with domestically assembled vehicles. CR-V vehicles are now priced between VND983 million ($42,700) and VND1.1 billion ($47,500), and customers in Hanoi have to pay VND118-131 million ($5,100-5,700) registration fee, while customers only need to pay about VND60 million ($2,600) for a locally built rival Mazda CX-5 or a Hyundai, as registration fees have been cut by 50 per cent for domestically-produced cars. This shows that the future of Honda CR-V in Vietnam is uncertain as price is still a determining factor in sales in the market. … [Read more...] about BUSINESS NEWS HEADLINES MAY 30
The Standard Chartered Bank reports that the increase in the basic interest rate is a good signal for the VND, but there are still some negative movements in the monetary flow. The balance of payment in the short term may continue to put pressure on the exchange rate between the VND and USD as the foreign direct investment (FDI) inflows are on the decline. Moreover, overseas remittance cannot help settle the country’s trade deficit. … [Read more...] about Increase basic interest rate – a good therapy for national economy
Agreeing with Thanh on putting citizens at the forefront of building smart cities, Dang Vu Tuan, deputy director of Hanoi’s Department of Information and Communications said, “The ultimate target of smart cities is to provide people with the best services. By bringing together infrastructure and technologies, smart cities help to improve the quality of citizens’ lives and enhance their interactions with the urban environment. Hanoi wishes to create such a city.” … [Read more...] about Big expectations for Vietnam in sustainable smart city development
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