Therefore, in the short term, consumption demand stimulus will be effective with interventions in the price of goods and services. A subsidy policy will be able to do so directly or indirectly, but its focus of attention should be placed on food and foodstuff, since the need for safe, quality food is considerable among the three income groups mentioned above. Another thing to do is to boost the accessibility of commodity groups related to housing and home appliances. For example, help may come in the form of value added tax adjustments, or direct support for businesses. In case it is necessary to offset the VAT revenue deficit, the personal income tax rate bracket can be modified, reducing the number of taxable groups and putting up the tax rate for high-income earners. … [Read more...] about Demand stimulus: where to begin?
Smog choked meaning
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
Hanoi (VNA) - The week-long first-instance trial of suspects charged with “murder” or “resisting on-duty officers” over a deadly incident in Dong Tam commune in Hanoi’s My Duc district has concluded, with the majority of defendants accepting the sentences they were given. Their deeds were brutal and inhumane, using petrol to burn to death three policemen who were simply performing their duties. Correct indictment The indictment states that six defendants - Le Dinh Cong, Bui Viet Hieu, Nguyen Van Tuyen, Le Dinh Doanh, Le Dinh Chuc, and Nguyen Quoc Tien - were involved in actively preparing means and equipment for the crime, assigned tasks to other defendants, and directly conducted the attacks. Of the six, Cong was the leader and often incited others to kill police officers by posting video clips and livestreaming on social networks. He also threatened to bomb power stations and kill 300-500 police officers, assigned tasks to other defendants, and … [Read more...] about Dong Tam case: Justice observed, consciences awakened
Hanoi (VNA) – A 2019 study has showed “bright spots” on the issue related violence against women in Vietnam, especially young women who are now raising a stronger voice against violence compared to a decade ago. The national study on violence against women, jointly conducted by the Ministry of Labour, Invalids and Social Affairs, the General Statistics Office under the Ministry of Planning and Investment, the UN Population Fund (UNFPA) and the Australian Embassy in Vietnam, was released on July 14 in Hanoi, providing updated data on violence against women in Vietnam. At present, Vietnam is the only country worldwide to have successfully conducted a second study on violence against women, using the World Health Organisation (WHO)’s multinational study methods on women’s health and domestic violence. The country and its partners pledge to maintain the effective settlement of and put an end to violence against women based on progress achieved in recent … [Read more...] about Vietnam advised to invest in youths to eliminate violence against women
“I always push myself to run better and better and to do everything that others do. I haven’t had any success at the SEA Games yet but if I keep working hard I’m sure I can change the colour of the medal next year.” … [Read more...] about Quach siblings eyeing SEA Games gold