The Covid-19 pandemic came as a great shock to most economies, including Vietnam. Still, Vietnam’s resilience proves this is also an opportunity for the country to give the private sector and the domestic market more attention. The public debt-to-GDP ratio is expected to be 46.1% in 2021, on the basis of GDP revaluation, so it is quite possible to improve this ratio, especially in the context of real interest rates around 0% in developed economies, plus a high savings rate at home. However, policies such as increasing public debt and curbing inflation need to be carefully studied with data of Vietnam concerning the following two issues. … [Read more...] about Demand stimulus: where to begin?
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Together with nearly 23 million students nationwide, 2.1 million Hanoi’s students celebrated the official start of the 2020-2021 school-year on September 5 morning (Photo: Minh Son/ Vietnamplus) Due to the complicated developments of the COVID-19 pandemic, most schools in Hanoi held a solemn but short ceremony with the direct attendance of only a limited number of students in line with epidemic prevention measures. Other students followed the ceremony in their classrooms. (Photo: Minh Son/ Vietnamplus) The new schoolyear ceremony at Marie Curie school in Hanoi (Photo: Minh Son/ Vietnamplus) Under the theme of ‘a school year of epidemic prevention and combat, protecting health of community’, Marie Curie school combines both livestream and offline new school year ceremony in only 30 minutes (Photo: Minh Son/ Vietnamplus) Hanoi has nearly 2,800 schools and more than 2.1 million pupils. Due to COVID-19, many schools in the city choose … [Read more...] about Hanoi’s pupils attend special new school year ceremony
As part of the exhibition, there will be several seminars on procedures and regulations relating to import-export of medical products and equipment, waste management, environmental protection by health establishments, and on new medical technologies as well as latest health equipment. … [Read more...] about Over 350 businesses join 11th Vietnam int’l medical exhibition
The US remained the largest importer of Vietnamese goods in the ten months, with turnover of 62.3 billion USD, up 24 percent year-on-year. It was followed by China, with 37.6 billion USD, up 14 percent; the EU 28.9 billion USD, down 3 percent; ASEAN 18.9 billion USD, down 11.6 percent; the Republic of Korea (RoK) 16.3 billion USD, down 2.6 percent; and Japan 15.6 billion USD, down 7 percent. … [Read more...] about Trade surplus in ten months rises to record high
Hanoi (VNA) - Vietnam maintained its upwards trend in exports at a time when COVID-19 has ravaged international trade, with year-on-year growth of 4.2 percent posted in the first nine months of 2020, according to the General Statistics Office (GSO). At a press conference in Hanoi on September 29, GSO General Director Nguyen Thi Huong said total trade revenue reached 388.73 billion USD between January and September, up 1.8 percent year-on-year. Exports were estimated at 202.86 billion USD, up 4.2 percent. The domestic sector remained a driver of export growth, as it earned 71.8 billion USD from shipments, up 20.2 percent and accounting for 35.4 percent of total exports. Meanwhile, the foreign-invested sector raked in 131 billion USD, including crude oil sales, down 2.9 percent and making up 64.6 percent of the total. Thirty commodities posted export revenue of more than 1 billion USD, accounting for 91.3 percent of total exports. Five saw over 10 billion USD in turnover each, … [Read more...] about Exports still up in first nine months despite pandemic: GSO