Dang Hoang Hai Anh, senior economist of the World Bank in the United States, concurred that the domestic purchasing power is a crucial factor. He stressed that before the coronavirus outbreak, an economic growth model based on the domestic purchasing power had been tabled for discussion globally. For Asian nations such as Vietnam where saving rates are high among the local people, efficiently exploiting such sources of capital could help restore the purchasing power. While focusing on the domestic purchasing power, the Government and enterprises would need to include more measures to boost consumption. … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 16
Allegion quarterly report
Revising 62 trillion VND aid package: Infeasible regulations removed
According to the minister, there remain difficulties in seeking beneficiaries because disputes and complaints will follow up. Resolution No.42/ND-CP rules that support must be provided for those with falling income, having jobs lost and failing to meet minimum living standards. Therefore, the MoLISA proposed maintaining support to those with unsuspended contracts for more than a month./. … [Read more...] about Revising 62 trillion VND aid package: Infeasible regulations removed
HCMC to start work on green traffic project late this year
An artist’s impression of a bus stop on HCMC’s BRT line. Work on the project will start in the last quarter of this year - PHOTO: TL HCMC – HCMC will begin work on some packages of a green traffic or a first Bus Rapid Transit (BRT) line project in the last quarter of this year, according to the HCMC Transportation Works Construction Investment Project Management Authority. … [Read more...] about HCMC to start work on green traffic project late this year
VN-Index sees biggest foreign net sell in eight months
State-owned banks recorded mixed results. Of Vietnam’s three biggest lenders by assets, CTG of VietinBank added 0.9 percent, BID of BIDV kept its opening price and VCB of Vietcombank shed 0.7 percent. MBB of mid-sized Military Bank climbed 1.3 percent. … [Read more...] about VN-Index sees biggest foreign net sell in eight months
VIETNAM NEWS JANUARY 16
In order to carry out the flood prevention project, about 280 households must be relocated and the river bank must be repaired. The authorities must also dredge the river. Quy Nhon City People's Committee will be responsible for organising the resettlement areas and compensation fund. The Binh Dinh People's Committee will be responsible for the funding of the construction and any renovation. … [Read more...] about VIETNAM NEWS JANUARY 16
