Deputy Prime Minister Vũ Đức Đam spoke at the National Conference on Tourism Development in the central province of Quảng Nam on Saturday, stressing State agencies, businesses, travel agencies and residents should promote links and efficient co-operation to help the tourism industry overcome the most difficult time after the pandemic. … [Read more...] about Domestic market to help tourism sector in post-COVID-19-period
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For the claim payment side, we see that those who test positive for the virus can require a very long-term, costly intensive care. Insurance contracts are paying a lot of benefits to cover these costs for customers. We tend to look at the revenue but not at how much benefits have been paid to help customers. After all, paying benefits is the most important job of the insurance contract. … [Read more...] about New mindset needed for insurance industry
The Covid-19 pandemic came as a great shock to most economies, including Vietnam. Still, Vietnam’s resilience proves this is also an opportunity for the country to give the private sector and the domestic market more attention. The public debt-to-GDP ratio is expected to be 46.1% in 2021, on the basis of GDP revaluation, so it is quite possible to improve this ratio, especially in the context of real interest rates around 0% in developed economies, plus a high savings rate at home. However, policies such as increasing public debt and curbing inflation need to be carefully studied with data of Vietnam concerning the following two issues. … [Read more...] about Demand stimulus: where to begin?
In addition, UNDP in collaboration with UNWomen is conducting a rapid assessment of economic impacts of the crisis by surveying about 600 vulnerable households and 500 micro, small and medium enterprises (MSMEs). This will contribute to the COVID-19 Impact Assessment led by the National Centre for Information and Forecast of the Ministry of Planning and Investment. … [Read more...] about Latest Coronavirus News in Vietnam & Southeast Asia on April 13
As the renewable energy sector picks up the pace in the coming decade, the government also needs to focus on developing the human resource capability. In the last few years, EVN has been conducting various training programs for technical experts, mostly for power plants and similar training should be introduced for the renewable energy sub-sectors as well, in order to meet up with new requirements. … [Read more...] about Vietnam’s renewables: Advantages and considerations