To cope with Covid-19, many governments around the world have had to accept economic sacrifices, with a rise in the public debt-to-GDP ratio and budget deficits. The budgets of quite a few governments have fallen into a situation of more spending and less revenue: spending on the health system, cash and credit supports for workers and the business community, plus reductions and deferment of payments of various taxes. In some states with a decent social security system like in Europe, the ratio of public debt to GDP is up to 80-110%, while budget deficits reach 8-9% of GDP. … [Read more...] about Demand stimulus: where to begin?
Hk price list
For the first 11 months of this year, exports likely rose 5.3% from a year earlier to $254.59 billion, while imports were up 1.5% to $234.50 billion, resulting in a trade surplus of $20.09 billion. … [Read more...] about Vietnam Nov trade surplus plunges to $600 mln, industrial output rises 9.2%
The developers of power projects are running against time to put their plants into operation prior to November 2021 to be able to enjoy the FIT (feed in tariff) mechanism stipulated in the Decision 39 dated September 10, 2018. It takes only six months to build a solar power plant, but it takes two or three years to build a transmission line. … [Read more...] about Solar, wind power projects to exceed transmission capacity
Over the years, tourism has become Hanoi’s spearhead economic sector, with revenue growing by an average of 12.1%. Last year, the city welcomed over 7 million foreign tourists and was included among the top 10 destinations for travelers around the world. … [Read more...] about Hanoi’s economic growth set to reach 3.94% this year
The Vietnam National Brand Programme from 2020 to 2030 was approved by Prime Minister Nguyen Xuân Phuc in 2019. The overall goal is to build an image of Vietnam as a prestigious country in terms of high-quality goods and services, increase the pride and attractiveness of the country and people of Vietnam, contribute to promoting foreign trade development and improving national competitiveness. … [Read more...] about Da Lat tourism honoured as the national brand in 2020