In the first four months this year, the total number of tourists visiting Đà Nẵng reached approximately 1 million, down 58 per cent over the same period in 2019. Of the figure, international visitors were estimated at 575,000, down 50 per cent. Total tourism revenue in the first four months decreased by 51 per cent compared to the same period last year. … [Read more...] about Đà Nẵng kickstarts economy after COVID-19 pandemic
Social services funding
Saebel: Local tourism can certainly offer a certain supply of customers; however, with the massive hotel expansion which we have experienced over the last few years, it is impossible to fill rooms in a profitable way. We certainly see reluctance in F&B sectors, with once crowded restaurants currently sparsely occupied. During times of emergency, people tend to lean toward frugality and the luxury of a hotel stay becomes an unnecessary expense. … [Read more...] about How should Vietnam prepare for post-pandemic tourism recovery?
The government has also proposed that the National Assembly allow a 30 percent cut in environmental tax on jet fuel until the end of the year and another 30 percent cut in corporate income tax for micro businesses. … [Read more...] about Government cuts taxes, fees to support automakers, airlines
Agility and resiliency are fine, indeed necessary, attributes. But they must be tempered with humanity if we are truly to fulfil our brand promise of being "Here for good". One of our colleagues exemplified this perfectly by asking early in the crisis whether we could offer financing, at cost, to help companies working on the frontline of the fight against the virus: manufacturers and distributors of ventilators, sanitisers, and PPE. … [Read more...] about Resilience, agility and humanity: some lessons from the pandemic