Vietnam’s labour market will also see big changes with a rise in demand for tech-related jobs. Distance working will continue thanks to strong achievements in digital transformation. After COVID-19 has fully left our planet, it’s likely that policies on economic recovery and monitoring will change. If Vietnam wants to develop stronger, it must continue institutional reforms and economic restructuring so that it can become more competitive and join new global value chains. … [Read more...] about Vietnam ready for swift actions to boost economy
Promising economy no mans sky
Thousands of tour guides in HCM City out of work due to coronavirus outbreak The coronavirus outbreak has dealt a strong blow on the tourism industry. Thousands of tour guides in HCM City are sitting idle as domestic and international travelers have canceled tours. … [Read more...] about Child-like man in Ly Son finds success in tourism
Jakarta (VNA) – Indonesian Finance Minister Sri Mulyani Indrawati said on May 24 that Indonesia would not compromise on the health of its people to reboot the country's economy. There is no trade-off between health and economy. Both are like conjoined twins which are not separated, Sri Mulyani said. That was why the government's first step in COVID-19 mitigation was to earmark 75 trillion Rp (5 billion USD) specifically for health care, according to the minister. Major aid packages sourced from the State budget are being used to purchase medical materials and equipment, and upgrade 132 hospitals for COVID-19 treatment. The government has also decided to provide a 15 million Rp incentive to medical specialists, 10 million Rp to physicians and dentists, 7.5 million Rp to nurses, 5 million Rp to other medical staff members, and 300 million Rp in case of death of medical workers. A total of 405.1 trillion Rp has been disbursed to the battle … [Read more...] about Indonesian Finance Minister: No trade-off between health and economy
For railways, the main impact of digitalisation is on the model of operation. Technologies like AI, big data, cloud computing, and autonomous driving will impact the industry. These technologies are expected to create a new environment in which rail operators will need to be more agile, act more quickly, and change continuously in order to succeed in their mission amid stiffening competitions from rivals. … [Read more...] about BUSINESS NEWS HEADLINES MAY 25
The cuts came amid bank credit growth in the first quarter of only 1.1 per cent compared to 2.28 per cent in the same period last year as many businesses scaled down or stopped operations, experts said. … [Read more...] about VN ready to be world’s factory, but is the world?