Third, in concrete terms, strengthening e-commerce or diversifying customer groups could be two viable solutions. Fourth, state-owned enterprises should not be the beneficiaries of any subsidies whatsoever. SMEs need the money much more urgently. Fifth, state price controls are counterproductive and distort competition. They should be avoided in order to prevent side-effects such as black markets and the waste of resources (minimum prices) or queues and low investment (maximum prices). Sixth, social measures such as unemployment benefits are definitely appropriate to support citizens in need. Lastly, in view of the warning example of the EU, a zero-interest rate policy should never be introduced to Vietnam. … [Read more...] about Coping with the outbreak in the Vietnamese way – a role model?
Hanoi (VNA) – The Ministry of Industry and Trade is seeking measures to boost exports in the second quarter of 2020. The Vietnam Trade Office in Singapore recently connected with Vietnamese and Singaporean industry associations to make use of trade opportunities. In February 2020, it arranged a trip for a group of Singapore’s fruit and vegetable importers to Vietnam to find supply sources. As of March 2020, the office had secured over 20 orders for various products such as coffee, instant noodles, sweet potato, and fruit. Meanwhile, the containment of COVID-19 in China has presented opportunities for Vietnam to boost its exports to the market. According to the ministry, customs clearance for exports to China at border gates in the north has gradually improved. As well as China, major markets like the Republic of Korea and Japan witnessed a recovery in March as the pandemic slowed. In January-March, Vietnam’s exports to China and Japan posted year-on-year growth … [Read more...] about Ministry seeks to boost exports in Q2
Vũ purchased anti-bacterial cloth masks as they can be reusable. He told traders and street vendors to read carefully the guidelines on how to use the face masks, reminded them to wash their hands regularly and instructed them to provide medical declarations in case they owned a smartphone. … [Read more...] about Locals help spread information on COVID-19 in their own ways
During a teleconference on April 7, the officials also consented to propose the Viettel Military Industry and Telecoms Group (Viettel) to support a connection line for Laos, especially between hospitals of the two countries so that they can share experience and methods in treating COVID-19 infections. Apart from a relief package given to Laos in early April, the Vietnamese Ministry of Health has also pledged to provide its Lao counterpart with additional medical equipment such as diagnostic tools, face masks, and protective clothing, Long said. … [Read more...] about Vietnam, Laos discuss ways to fight COVID-19
It’s perhaps a difficult task to assist consumers to understand the value of better sleep. There is an education process to selling sleep but we can say we have achieved success and great consumer feedback on the LMG experience. Consumers appreciate the chance to understand the products they are investing in. Remember we spend ⅓ of our life in bed, sleep products -mattresses, pillows and sleep accessories - are an investment not just monetarily but also in maintaining our health and wellness. LMG offers a wide range of product options and price ranges to meet our customer’s preference. LMG is the first to offer a VND1.0 billion mattress set in Viet Nam. … [Read more...] about US mattress company eyes Viet Nam’s enormous potential