First-quarter low growth seeks solutions The nation's economic growth in the first half of the year was at a rate lower than that targeted in the wake of the COVID-19 pandemic hurting production and business activities. The government is mulling over new solutions to drive the economy forwards, with some international forecasts still proving upbeat. Based on economic performance in the first five months of this year, the government has just reported to the National Assembly Standing Committee its fresh forecast that the economy’s total GDP in the first six months of this year will be nearly VND4 quadrillion (US$174.4 billion), up about 5.8% year-on-year, or 0.42 percentage points lower than the target of 6.22% as set out in the Resolution No.01/NQ-CP released on January 1 on the key tasks for the implementation of the socioeconomic development plan and state budget estimates for 2021. The 5.8% rise will also be 0.12 percentage points lower than the government’s … [Read more...] about VIETNAM BUSINESS NEWS JUNE 19
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Hoang Duc Hanh, deputy director of the municipal Department of Health, on Saturday said the municipal People's Committee would consider relaxing certain Covid-19 control measures. However, exactly when and which kind of businesses and services get to reopen have yet to be announced. Hanoi's Party unit recently stated the city could reopen certain businesses and activities, as well as outdoor sporting activities with 20 people or less, but that the municipal People's Committee must carefully consider the timing and ensure all necessary coronavirus prevention measures are in place to prevent further outbreaks. Tran Dac Phu, former head of the General Department of Preventive Medicine under the Ministry of Health, said whether coronavirus control measures could be relaxed or not does not depend on if a locality has gone 14 or 21 days without new cases. Each locality can decide on an appropriate time to do so, depending on their own unique situation. "The coronavirus situation has … [Read more...] about Hanoi considers reopening certain businesses, allowing outdoor sports
Airlines get stuck in adversity In the latest draft Vietnamese business report for 2020 and 2021’s first five months released on June 17, the MPI proposed the State Bank of Vietnam to submit the government plans for a 4 per cent supporting interest rate on bank loans taken up by airlines between 2021 and 2023. In addition, the ministry also recommended the Ministry of Transport (MoT) to revise Circular No.19/2020/TT-BGTVT to extend the 50 per cent discount on taking off and landing service fees and also applying the VND0 minimum price for national airline services at the end of 2021. The MoT was also recommended to submit a proposal to the government to amend Resolution No.1148/2020 to reduce the environmental tax to VND1,000 (4.35 US cents) from VND2,100 (9.13 US cents) per litre of kerosene. As airlines are unable to clear bank loans, the MPI also proposed the Ministry of Finance (MoF) to roll out other support measures. The MoF was recommended to propose decreasing … [Read more...] about MPI takes action to save local airlines
At the handover ceremony (Photo: VNA) Vientiane (VNA) - Representatives of the Lao province of Oudomxay on June 18 handed over 260 million LAK (around 27,600 USD) to the Vietnamese Consulate General in Luang Prabang province to support the three Vietnamese provinces of Dien Bien, Son La and Lai Chau in the fight against the COVID-19 pandemic. Laos and Vietnam, expressing the belief that under the leadership of the provincial Party Committees and authorities, the Vietnamese provinces will soon contain the spread of the pandemic, and recover production and business activities, as well as socio-economic development. For his part, Vietnamese Consul General Nguyen Dang Hung expressed his appreciation for the value assistance of the Lao locality to the Government and people of Vietnam, and saying that the donation will be sent to the three localities to serve their pandemic prevention and control work./. VNA … [Read more...] about Lao province helps Vietnamese localities combat COVID-19
Edge computing is an important key to enterprises’ IT infrastructure strategies and the digital economy. A recent survey by TRA found that 51 percent of IT experts in Asia Pacific have begun applying hybrid IT solutions, combining edge computing, public cloud computing and on-premises infrastructure. Edge computing was chosen by more than 1,100 CTOs as the priority task for the next 12 months. The deployment of edge computing has been going strongly in neighboring markets, according to the report. 79 percent of surveyed institutions in Indonesia have applied edge computing, or have understanding about edge computing. Many of them have been applying edge solutions for advanced projects as well. Meanwhile, Thai businesses plan to step up the use of edge computing in the next 24 months for customers’ experience-oriented projects. TRA’s report confirmed the superiority of the positive effects of these solutions. As much as 72 percent surveyed subjects recognized the benfits of … [Read more...] about How can businesses use edge computing effectively?