Services government provides

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

To cope with Covid-19, many governments around the world have had to accept economic sacrifices, with a rise in the public debt-to-GDP ratio and budget deficits. The budgets of quite a few governments have fallen into a situation of more spending and less revenue: spending on the health system, cash and credit supports for workers and the business community, plus reductions and deferment of payments of various taxes. In some states with a decent social security system like in Europe, the ratio of public debt to GDP is up to 80-110%, while budget deficits reach 8-9% of GDP. … [Read more...] about Demand stimulus: where to begin?

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

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