– Hanoi will earmark 650 billion VND (28.2 million USD) to help the poor and other social beneficiaries via the local branch of Vietnam Bank for Social Policies (VBSP), amid the COVID-19 pandemic.Hanoi Labour, Invalids and Social Affairs Department said, in accordance with the draft Government Resolution to support people facing difficulties due to the COVID-19 pandemic, the capital city has between 2-3 million people who fall under this category.COVID-19, Nguyen Mạnh Quyen, director of the city’s Planning and Investment Department, said the COVID-19 pandemic had impacted all aspects of life in the city. … [Read more...] about Hanoi earmarks 28.2 million USD for the poor amid COVID-19 pandemic
Some exports such as electronics, automobiles and chemical products are likely to suffer hits from supply chain disruptions in mainland China, while other exports, notably metal products, machinery and equipment, could gain from trade diversion, though probably not enough to offset the impact from supply chain disruption. … [Read more...] about BUSINESS NEWS HEADLINES APRIL 8
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?
Crowded lake falls silent three days into social distancing policy No local residents could be spotted participating in their morning exercise around Hoan Kiem lake, also known as Sword lake, in Hanoi capital on the morning of April 4, three days after the order on social distancing came into force. … [Read more...] about Quang Ninh gets tough on social distancing violations
It is required that universities complete their own program standards no later than the fourth quarter of 2024. However, scientific and technological advances, along with swift changes of labor markets and employers, demand the work force to upgrade their levels day after day. Therefore, it is worrying that when the program standards are approved, they cannot last long before having to be upgraded. … [Read more...] about Higher educational programs in Vietnam to be standardized