Third, in concrete terms, strengthening e-commerce or diversifying customer groups could be two viable solutions. Fourth, state-owned enterprises should not be the beneficiaries of any subsidies whatsoever. SMEs need the money much more urgently. Fifth, state price controls are counterproductive and distort competition. They should be avoided in order to prevent side-effects such as black markets and the waste of resources (minimum prices) or queues and low investment (maximum prices). Sixth, social measures such as unemployment benefits are definitely appropriate to support citizens in need. Lastly, in view of the warning example of the EU, a zero-interest rate policy should never be introduced to Vietnam. … [Read more...] about Coping with the outbreak in the Vietnamese way – a role model?
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With the Prime Minister's Directive No. 16 on social distancing measures coming into force from April 6, Quang Ninh has requested that relevant forces move to strengthen supervision over the actions of local residents in public places. Moreover, steps should also be taken to strictly punish people who refuse to wear masks in public, gather in groups of two people or more, or go out onto the streets for non-essential reasons. … [Read more...] about Quang Ninh gets tough on social distancing violations
Its operation time begins from 5:00 AM to 9:00 AM and from 4:00 PM to 8:00 PM to limit vehicles travelling through the ferry amid current epidemiological situation, especially the personal ones. Accordingly, the Cat Lai ferry does not serve fixed-route buses, cars, taxi, trucks with a tonnage of over 8 tons. Apart from the two time slots, vehicles transporting foods, essentials goods and stuffs, materials for production, official vehicles, ambulance and vehicles serving for the pandemic protection are allowed through the ferry. … [Read more...] about Operation time of Cat Lai ferry adjusted until April 15
During a teleconference on April 7, the officials also consented to propose the Viettel Military Industry and Telecoms Group (Viettel) to support a connection line for Laos, especially between hospitals of the two countries so that they can share experience and methods in treating COVID-19 infections. Apart from a relief package given to Laos in early April, the Vietnamese Ministry of Health has also pledged to provide its Lao counterpart with additional medical equipment such as diagnostic tools, face masks, and protective clothing, Long said. … [Read more...] about Vietnam, Laos discuss ways to fight COVID-19
A deferral of tax and land rent was the most popular provision, with a suspension of social insurance contributions coming a close second. The chamber also asked European business leaders what other measures would be most helpful for their enterprises, and around three-quarters said a deferral of other taxes such as corporate income tax (CIT), personal income tax (PIT), value added tax (VAT), and special consumption tax (SCT) would be the most welcome support for their companies. … [Read more...] about European enterprises welcome Vietnam’s COVID-19 action despite blow to business