“Tourism service quality in Việt Nam had improved in recent years, but it has not yet attained its potential. A series of barriers remain, including traffic, food safety and slow digital transformation, while joint actions among agencies, local authorities, the private sector and State-owned industries in boosting tourism are yet to see rapid change,” Đam said. … [Read more...] about Domestic market to help tourism sector in post-COVID-19-period
30 october 2018
The good news is that the power industry can attract private investments which lift concerns about electricity. However, the bad news is that there is a high number of projects expected to become operational which may cause overloading of the transmission line. … [Read more...] about Solar, wind power projects to exceed transmission capacity
Since 2000, USAID, through the Bureau for Humanitarian Assistance, has provided more than $26 million in disaster response, preparedness, and risk reduction assistance in Vietnam. Through the Department of Defense, the U.S. Government has also provided more than $28 million since 1998 to train military and civilian emergency responders and develop and equip disaster management centers, maritime response centers, and disaster shelters at the community level. USAID continues to support Vietnam’s disaster relief efforts and plans are underway to provide additional assistance. … [Read more...] about The United States Announces Assistance to Vietnam to Respond to Tropical Storm Linfa
Therefore, in the short term, consumption demand stimulus will be effective with interventions in the price of goods and services. A subsidy policy will be able to do so directly or indirectly, but its focus of attention should be placed on food and foodstuff, since the need for safe, quality food is considerable among the three income groups mentioned above. Another thing to do is to boost the accessibility of commodity groups related to housing and home appliances. For example, help may come in the form of value added tax adjustments, or direct support for businesses. In case it is necessary to offset the VAT revenue deficit, the personal income tax rate bracket can be modified, reducing the number of taxable groups and putting up the tax rate for high-income earners. … [Read more...] about Demand stimulus: where to begin?
For the first 11 months of this year, exports likely rose 5.3% from a year earlier to $254.59 billion, while imports were up 1.5% to $234.50 billion, resulting in a trade surplus of $20.09 billion. … [Read more...] about Vietnam Nov trade surplus plunges to $600 mln, industrial output rises 9.2%