Bangkok (VNA) - A panel under Thailand’s Centre for COVID-19 Situation Administration (CCSA) on August 7 approved proposals for a return to normalcy in the country by allowing schools, sports stadiums, public transport and meals on flights. The proposals include the opening of schools with normal-sized classes. For sports events, people would be permitted to attend them, while public transport vehicles would no longer have to allocate empty spaces for social distancing. However, the extension of entertainment venues’ operating hours until 2am was not discussed at the August 7 meeting. The proposals, approved by a panel led by National Security Council (NSC) Secretary-General Gen Somsak Roongsita, will be submitted to Thai Prime Minister Prayut Chan-o-cha on August 21. The Thai cabinet recently approved the Finance Ministry's proposal to borrow 1.5 billion USD from the Asian Development Bank (ADB) to stimulate and rehabilitate the economy. … [Read more...] about Thailand expected to return to normalcy
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While the demand for credit for production activities is limited, the possibility of a surge in real estate roadshows is not high when the government suggests limited crowded events. In this context, the stock market, despite strong fluctuations in recent months, continues to be a potential investment channel. According to Bloomberg statistics, 139 out of 386 stocks have gained year-to-date, in which the stock prices of 83 ticker increased by more than 11% year-to-date. … [Read more...] about Vietnam stock market predicted to be resilient amid Covid-19 resurgence
Thirdly, Viet Nam should not compete with other countries to court more foreign capital by only offering investment incentives, as this can distort resource allocation and will not have a meaningful impact in the long run. The country will be more attractive to foreign investors if it can correct its weaknesses and shortcomings, such as improving the capacity of capital absorbency, perfecting logistics infrastructure, upgrading workers’ skills and ability, and reforming institutions. … [Read more...] about Can Vietnam could take advantage of new foreign investment strategies?