Vo Thi Phuong Mai, deputy director and head of retail services of CBRE Viet Nam, said the COVID-19 pandemic had negatively impacted direct visitor traffic but creating many opportunities for small and medium-sized models such as convenience stores, pharmacies and especially e-commerce. … [Read more...] about E-commerce a positive for retail sector
Priyanka hotel sector 3 airoli
Frank Bochmann is seen in a photo he provided Tuoi Tre News. Saebel: Vietnam’s tourism sector has been tragically affected by the outbreak of COVID-19. Airlines, hotels, restaurants, laundry facilities, amusement parks, transport companies, tour operators, and homestay owners have all seen their business come to a standstill. The loss of revenue and livelihoods for Vietnamese employees and entrepreneurs alike in all spheres is devastating and the real effects will only be seen as savings and cash funds dry up. … [Read more...] about How should Vietnam prepare for post-pandemic tourism recovery?
According to the NA-assigned targets, Vietnam’s GDP growth rate in 2020 will be 6.8% while inflation will be kept below 4%. However, the unexpected outbreak of COVID-19 in more than 200 countries around the world has made this goal a major challenge which, as assessed by the Government, is difficult to be achieved. Given that fact, the proposal to adjust the growth targets is necessary and consistent with objective reality, looking directly at the socio-economic situation and forecasting the international and domestic situation in the near future. Under the Government’s updated scenario, the country’s GDP will grow by about 4.5% in 2020. The Government has also set a higher growth target of 5.4% in the event of a favourable global situation, with the disease being put under control and the global market recovering. Meanwhile, the consumer price index (CPI) for the whole year will rise by 4% on average; total state budget revenue will see a reduction of VND163 trillion … [Read more...] about BUSINESS NEWS HEADLINES MAY 30
The Hanoi Department of Labor, War Invalids and Social Affairs has requested district People's Committees to screen 1.477 million employees eligible to receive the aids, of them 840,000 are people without labor contracts and have lost their jobs. Currently, the districts keep identifying the beneficiaries in accordance with the process and procedures. … [Read more...] about Latest Coronavirus News in Vietnam & Southeast Asia May 29
Hanoi (VNA) – Indonesia is planning to reopen Bali to tourists while Cambodia and Thailand have moved to increase border control to prevent further COVID-19 transmission. Indonesia’s popular holiday destination Bali is expected to resume tourism activities soon. Minister of Tourism and Creative Economy Wishnutama Kusubandio said on May 28 that Bali is one of the Indonesian provinces that could be allowed to reopen to international visitors. Bali Vice Governor Tjokorda Oka Artha Ardana Sukawati also stated earlier that his province is ready to carry out requirements to become a safe destination for foreign tourists after the pandemic. The Nusa Dua area of Bali is set to be the pilot area for the “new normal” scenario in the tourism sector as proposed by hotel and restaurant groups in the province. Last week, the local administration discussed this issue with tourism businesses and provincial agencies to issue new health protocols to ensure safety for … [Read more...] about Indonesia considers tourism resumption, Cambodia, Thailand tighten border control