Dr. Tran Dinh Thien, Associate Professor, Director of Vietnam Institute of Economics, made the statement at the opening ceremony of the Autumn Economic Forum held yesterday in the southern city of Vung Tau. Dr Thien also pointed out some paradoxes in the Vietnamese economy such as local banks having large amounts of money, while many enterprises complain about accessing capital. “Many outstanding problems relating to land disputes, lax management at state-owned enterprises or risks to the banking system, etc. are bringing more difficulties to the economy and people’s lives,” he said, while proposing solutions including setting out a long range development plan, removing quotas for provincial GDP growth, and providing more assistance to enterprises. National Assembly Deputy Tran Du Lich from HCM City also agreed with Dr Thien, saying that it was necessary to lower corporate income tax and help firms access credit. Dr Nguyen Dinh Cung, Deputy Director of the … [Read more...] about Forum discusses the problems facing Vietnam’s economy
Vietnam academy of social sciences
There are three groups of employees entitled to benefit from the US$2.7 billion package, including employees whose labor contracts were suspended, those taking leave without payment; laid-off employees not eligible for unemployment benefits; and workers who have no labor contracts and have lost jobs. … [Read more...] about Latest Coronavirus News in Vietnam & Southeast Asia May 29
According to a representative of the U.S.-ASEAN Business Council in Vietnam, many enterprises in Ho Chi Minh City have been confused by the city’s guidelines for granting entry to international experts, which were rolled out in what they described as a tardy manner. … [Read more...] about Firms face maze of regulations getting key foreign experts into Vietnam
The diplomat also expressed his belief that the extensive strategic partnership between the two countries will continue to develop strongly in the coming time, promising that he will always do his best to contribute to promoting the Vietnam-Japans friendship and cooperation./. … [Read more...] about Latest Coronavirus News in Vietnam & Southeast Asia May 30
Bochmann: COVID-19 has completely halted tourism activities, not only in Vietnam but pretty much the whole world. I don’t think that people outside the tourism industry completely understand how big the disruption is and how many people this affects. It’s not just hospitality workers in hotels and travel/tour operators (which number in the thousands), but also the families that rely on them to fill their rice bowls at home. For every hotel worker, travel/tour operator, there are also about four merchants, suppliers, farmers, shop owners, and drivers that rely on tourists to come to Vietnam and holiday or conduct business meetings, conferences, and exhibitions. … [Read more...] about How should Vietnam prepare for post-pandemic tourism recovery?