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 Coping with the outbreak in the Vietnamese way – a role model?
Shaked my hand
According to Tech In Asia, even if Shopee reports profit, its gross margin will be tiny compared to Garena's. In other words, Shopee is burning money earned by Garena. Specifically, the e-commerce platform splurged $765 million out on sales and marketing to get $942 million in revenue and lose $1 billion last year. Garena's sales and marketing expenses were $109 million but the turnover and the pre-tax profits were $1.8 billion and $1 billion, respectively. … [Read more...] about Should SEA Group stop pouring capital in Shopee?
Crowded lake falls silent three days into social distancing policy No local residents could be spotted participating in their morning exercise around Hoan Kiem lake, also known as Sword lake, in Hanoi capital on the morning of April 4, three days after the order on social distancing came into force. … [Read more...] about Quang Ninh gets tough on social distancing violations
For instance, the Russian market would need one million sets of single-use protective gear, more than five million medical face masks, one million anti-bacterial masks, two million fabric-made masks, 100,000 protective glasses, one million medical blouses, and more for shipping to Saint-Petersburg. … [Read more...] about Vietnam promotes medical supply exports to support international fight against COVID-19
For businesses whose experts and workers from or passing through Hanoi, Ho Chi Minh City and other provinces arriving at Bac Ninh to work, they should be asked to restrict contact with others and keep a minimum distance of 2m when in contact. A private working area should be arranged for them and their health should be monitored regularly. … [Read more...] about Latest Coronavirus News in Vietnam & Southeast Asia (updated hourly)