Sub-area 1219 in Krong Bong District, home of ancient fokienia trees, has suffered tree massacres for years. In the latest case, 19 fokienia trees were found chopped into pieces, pulled down to a nearby valley to be brought out of the forest this April. All of the trees belonged to the protection forest. … [Read more...] about Deforestation continues to rage in Vietnam
There are three groups of employees entitled to benefit from the US$2.7 billion package, including employees whose labor contracts were suspended, those taking leave without payment; laid-off employees not eligible for unemployment benefits; and workers who have no labor contracts and have lost jobs. … [Read more...] about Latest Coronavirus News in Vietnam & Southeast Asia May 29
Saebel: Local tourism can certainly offer a certain supply of customers; however, with the massive hotel expansion which we have experienced over the last few years, it is impossible to fill rooms in a profitable way. We certainly see reluctance in F&B sectors, with once crowded restaurants currently sparsely occupied. During times of emergency, people tend to lean toward frugality and the luxury of a hotel stay becomes an unnecessary expense. … [Read more...] about How should Vietnam prepare for post-pandemic tourism recovery?
Fitch Ratings forecasts Vietnam’s GDP growth to hit 3.3 percent this year, while the International Monetary Fund (IMF) has projected 2.7 percent. Both are the lowest growth rates recorded since Vietnam introduced its economic reforms in the 1986. … [Read more...] about Fitch Ratings lowers outlook on five Vietnam banks
The rise in reported abuse cases indicated children and the people were “more aware” of speaking out against abusive behaviors, the NA report noted, adding there was also improvement in the detection and handling of child abuse cases by the authorities. … [Read more...] about Over 8,700 kids in Vietnam abused in 4.5 years: NA report