Domestic tourism is slowly picking up, as authorities ease social distancing regulations on planes, trains, and buses. As a result of decisive actions on timely travel bans, cluster testing, and prolonged quarantines, Vietnam has only seen a tiny number of confirmed infections. In early April, the Vietnamese government also announced a $2.6 billion relief package aimed at 20 million people, which included cash transfers to those considered poor and vulnerable. … [Read more...] about From containment to recovery: rescuing the ASEAN from crisis
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Bochmann: Ideally, now is the time to work with and train associates. Contemporary tourists are looking for a personalized experience – something they can talk about when they get back to their families, friends, and colleagues. Now is the time to ask what we can sell tourists, MICE organizers, and destination wedding specialists that they can only experience in Vietnam. It is experiences and interaction with the Vietnamese people, authentic Vietnamese food, and Vietnamese culture, as well as beautiful weather and scenery that we need to concentrate on. … [Read more...] about How should Vietnam prepare for post-pandemic tourism recovery?
A worker wearing protective clothing digs a grave for a coronavirus victim at the Caju cemetery in Rio de Janeiro, Brazil on May 28, 2020. (Photo: AFP/Carl de Souza) The epicenter of the South American coronavirus outbreak, Brazil saw 1,124 deaths in 24 hours, the Ministry of Health said. … [Read more...] about Brazil COVID-19 death toll hits 27,878, surpassing hard-hit Spain
On account of the registration fee cut, however, many dealers say that the Honda CR-V will lose many of its advantages and even have to join a price war with domestically assembled vehicles. CR-V vehicles are now priced between VND983 million ($42,700) and VND1.1 billion ($47,500), and customers in Hanoi have to pay VND118-131 million ($5,100-5,700) registration fee, while customers only need to pay about VND60 million ($2,600) for a locally built rival Mazda CX-5 or a Hyundai, as registration fees have been cut by 50 per cent for domestically-produced cars. This shows that the future of Honda CR-V in Vietnam is uncertain as price is still a determining factor in sales in the market. … [Read more...] about BUSINESS NEWS HEADLINES MAY 30
Hanoi (VNA) - The Philippine government is eyeing a stimulus package worth 846 billion pesos (16.7 billion USD) to enable a full economic recovery from the COVID-19 pandemic, according to Finance Secretary Carlos Dominguez. The stimulus package, which is waiting for Congress' approval, would include a cut in corporate income tax and modernisation of the country's fiscal incentive systems, Dominguez said. Local businesses have urged lawmakers to pass these reforms early so that small, medium and large companies can resume their operation and recover from the public health crisis. The Philippine tax authority said the country's total tax revenue in the first four months of 2020 dropped sharply to 527.41 billion pesos (22.6 million USD), or 25.4 percent below last year's collection over the same period. Despite the decreased revenue, Dominguez said the Philippines remains "financially able" to meet the unexpected challenges of the pandemic. The country also has practiced fiscal … [Read more...] about Philippines considers 16.7-billion-USD stimulus package