In addition, the Government cautiously recommended the NA consider and adopt the guideline on several specific mechanisms and policies to revive the economy in the new situation. Accordingly, the Government asked for the NA’s permission to proactively adjust the 2020 public investment plans among ministries, sectors and localities within the expenditure estimate on development investment; convert the investment mode for important transport projects from that of a public-private partnership to the use of the state budget; exempt and reduce a number of tax obligations concerning the areas and subjects suffering heavy losses due to COVID-19; postpone the increase of basic salary for civil servants, public employees and the armed forces and pensions from July 1, 2020; and consider launching new economic stimulus packages if the pandemic continues to be prolonged on a global scale. … [Read more...] about BUSINESS NEWS HEADLINES MAY 30
Why lte is called long term evolution
- The government promulgated Decree No.41/2020/ND-CP dated April 8, 2020 on extension of deadline for tax and land use fee payments, which would be five months from the deadline. According to the Ministry of Finance, more than 700,000 enterprises would be allowed to delay their payments as a way of shoring up capital at that time. Notably, subjects eligible for the tax extension include credit institutions and foreign banks in Vietnam that roll out relief solutions to alleviate the challenges as well as assist distressed customers. … [Read more...] about Consumers risk higher defaults amid lending sector fluctuation
Children with disabilities perform at a charitable program in HCMC – PHOTO: VGP HCMC - Disabled persons in Vietnam are among the hardest hit by the Covid-19 pandemic and are experiencing several health and socioeconomic challenges during this difficult time, according to an online survey conducted by the United Nations Development Program (UNDP) Vietnam, with support from the Australian Department of Foreign Affairs and Trade, the Embassy of Ireland in Vietnam and the Korea International Cooperation Agency. … [Read more...] about Disabled people face numerous challenges during Covid-19 pandemic: UNDP
“Recently, pepper prices have increased. There are several reasons for this improvement. Firstly, COVID-19 in China is basically over, so demands from Chinese customers are higher,” said Nguyen Nam Hai, President of the Vietnam Pepper Association (VPA). … [Read more...] about Vietnam domestic pepper prices hit one-year high
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?