Dr. Tran Dinh Thien, Associate Professor, Director of Vietnam Institute of Economics, made the statement at the opening ceremony of the Autumn Economic Forum held yesterday in the southern city of Vung Tau. Dr Thien also pointed out some paradoxes in the Vietnamese economy such as local banks having large amounts of money, while many enterprises complain about accessing capital. “Many outstanding problems relating to land disputes, lax management at state-owned enterprises or risks to the banking system, etc. are bringing more difficulties to the economy and people’s lives,” he said, while proposing solutions including setting out a long range development plan, removing quotas for provincial GDP growth, and providing more assistance to enterprises. National Assembly Deputy Tran Du Lich from HCM City also agreed with Dr Thien, saying that it was necessary to lower corporate income tax and help firms access credit. Dr Nguyen Dinh Cung, Deputy Director of the … [Read more...] about Forum discusses the problems facing Vietnam’s economy
Post budget discussion
Frank Bochmann is seen in a photo he provided Tuoi Tre News. Saebel: Vietnam’s tourism sector has been tragically affected by the outbreak of COVID-19. Airlines, hotels, restaurants, laundry facilities, amusement parks, transport companies, tour operators, and homestay owners have all seen their business come to a standstill. The loss of revenue and livelihoods for Vietnamese employees and entrepreneurs alike in all spheres is devastating and the real effects will only be seen as savings and cash funds dry up. … [Read more...] about How should Vietnam prepare for post-pandemic tourism recovery?
Hanoi (VNA) – Business and investment opportunities in Vietnam after the COVID-19 pandemic were discussed at a video talk held on May 29 by the Foreign Ministry, the Vietnamese Embassy in the UK and Asia House - a UK centre of expertise on trade, investment and public policy in Asia. The event saw the presence of Deputy Foreign Minister Bui Thanh Son, Asia House Chief Executive Michael Lawrence, and business executives from around 40 UK groups and major enterprises such as HSBC, De La Rue, KPMG, Prudential, and Standard Chartered. The talk is a valuable chance to connect UK businesses and Vietnamese Government agencies, said Son, adding that it helps popularise information about policies and increase cooperation opportunities in the context of the two countries taking drastic measures to control the COVID-19 and recover their economies. He told participants that Vietnam is working on a “dual target” of disease prevention and economic recovery and development, with … [Read more...] about Post-pandemic business, investment opportunities shared with UK firms
Tran Huu Hiep, vice president of the Mekong Delta Tourism Association, said that the program is aimed at attracting local tourists from other localities to visit the delta, eventually paving the way for further measures to be undertaken to restore the international segment. … [Read more...] about Mekong Delta provinces discuss post-Covid-19 tourism strategy
At the request of cities around the world, the SMG opened the English online platform CAC (Cities Against COVID-19) (http://english.seoul.go.kr/covid) on April 9 to share Seoul’s policies and know-how on quarantine measures (“S-quarantine”). … [Read more...] about Seoul to host conference on post-Coronavirus era