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
Dry spell puts daklak farmers under pressure
If local stakeholders, whether they be governmental or non-governmental, adopt these methods or press for near-real time reporting from Eyes on Earth or another research institution, then these findings could become commonly held knowledge and used for the betterment of the Mekong at large. … [Read more...] about Chinese dams withhold water, worsen 2019 drought in Mekong Delta: researchers
Bochmann: COVID-19 has completely halted tourism activities, not only in Vietnam but pretty much the whole world. I don’t think that people outside the tourism industry completely understand how big the disruption is and how many people this affects. It’s not just hospitality workers in hotels and travel/tour operators (which number in the thousands), but also the families that rely on them to fill their rice bowls at home. For every hotel worker, travel/tour operator, there are also about four merchants, suppliers, farmers, shop owners, and drivers that rely on tourists to come to Vietnam and holiday or conduct business meetings, conferences, and exhibitions. … [Read more...] about How should Vietnam prepare for post-pandemic tourism recovery?
After having enjoyed mild weather for several days, the capital city of Hanoi will see temperatures rise to 35-37 degrees Celsius as from May 30. Temperatures in several places in the capital will even hit a high of 38 degrees Celsius, while humidity is to fall to 40-45%. … [Read more...] about Another heat wave strikes VN, temperatures rise to 40 again
The couple did not only review foods that have already made a name for themselves such as pho bo, banh mi (Vietnamese sandwich), ca phe sua da (Vietnamese iced coffee with condensed milk) but also tried out dishes which may be new to tourists like bot chien (pan fried rice flour cake), bo la lot (grilled beef wrapped in wild betel leaf), bun rieu (crab noodle soup), che chuoi (banana sweet soup), banh trang cham bo (rice paper dipped in butter sauce), and more. … [Read more...] about Pig brain in crab soup: Kiwi couple recalls ‘spectacular’ food memory in Vietnam