Seychelles news agency

President of the Confederation of Indonesian Trade Unions (KSPI) Said Iqbal has called on the government to prepare more measures to support workers who lose their jobs, such as providing money to workers and drivers. On the other hand, the government also needs to reduce interest rates on bank loans and taxes for tourism businesses to help them overcome the current hard time. … [Read more...] about Latest covid-19 news in Vietnam and Southeast Asia on April 7 (updated hourly)

The Labour Federation in eight districts has called on 93 landlords to reduce rental fees from VNĐ100,000 to VNĐ1 million per month for 4,500 workers. Many of the landlords have presented rice and other essential items to workers who rent their rooms. Workers have been allowed to pay rent at a later date.  … [Read more...] about Latest Coronavirus News in Vietnam & Southeast Asia (updated hourly)

-- Son Doong 360 – a project by National Geographic aiming to preserve Son Doong Cave in north-central Vietnam in digital form – has been nominated by UK newspaper The Guardian as among the ten “best virtual tours of the world's natural wonders” to take from the comfort of one’s own home. … [Read more...] about Breakfast @ Tuoi Tre News – April 8

According to the Vietnam Securities Depository (VSD), once the T+0 system takes effect, it could boost trading liquidity and benefit both investors and securities firms, especially when the market vulnerable to the volatility of the global markets amid fears about the instability of economic and political relations and the spread of coronavirus. … [Read more...] about BUSINESS NEWS HEADLINES APRIL 8

Of course, the Vietnamese policy also entails risks. For example, the national debt will increase. Since 2016, the national debt has nearly touched the ceiling of 65%, which offers limited space to borrow more. In addition, it could happen that companies rely too much on government support rather than finding ways out of the crisis by themselves, which would ultimately make them strong. Vietnam should resist the temptations of long-standing Keynesian policies. This always leads to an upward spiral of state interventionism. There have been economic crises and there always will be. It would be alchemy to believe that Keynesian instruments can eliminate or dampen them. Measures may be necessary in this case, but they should be taken with a sense of proportion and be limited in time. … [Read more...] about BUSINESS NEWS HEADLINES APRIL 9