Many residential areas in central province of Thua Thien-Hue have been submerged due to heavy rains and floods “The U.S. Mission in Vietnam expresses our deepest condolences to the people of Vietnam for the loss of life, destruction of property, and displacement of people due to the flooding in central Vietnam. We stand together with the Government and the people of Vietnam as they mourn their loved ones, address the damage caused by this terrible flood, and move forward, as the people of Vietnam have always done. We pledge to assist you in your work to rebuild,” said Ambassador Kritenbrink. “I would also like to express my concern for persons with disabilities in the provinces affected by the typhoon as they are amongst the most vulnerable populations in this disaster. They are often home-bound, have less access to information and cannot take full advantage of preparedness activities and evacuation protocols,” he added. … [Read more...] about The United States Announces Assistance to Vietnam to Respond to Tropical Storm Linfa
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Hanoi (VNA) – More than eight months after a serious incident causing public disorder in Dong Tam commune in Hanoi’s outskirt district of My Duc, the situation in the commune has returned to normal and local residents are joining in efforts to build new-style rural area, looking towards a bright future. New-style rural area building casts new look to Dong Tam Developing new-style rural area has brought about a facelift to the commune, with paved roads running across villages and hamlets, and public works such as schools, medical facilities and markets upgraded, thus improving the local living conditions and opening up more opportunities for economic development. The improvement was the result of the communal People’s Committee’s timely direction and enhanced management in all sectors. In the coming time, the local authority will boost economic restructuring towards increasing share of industry-service in the economy, encourage the application of advanced … [Read more...] about Residents in Dong Tam commune join hands to build new-style rural area
The 259th case, 41 years old, is the wife of Patient 254. From April 3-6, she traveled to a number of other localities to sell flowers and buy necessities. After her husband’s sample on April 9 tested positive for the SARS-CoV-2 that causes the disease, she was quarantined a day later. Her sample also tested positive for the virus on April 11. … [Read more...] about Latest Coronavirus News in Vietnam & Southeast Asia on April 13
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?
Globally, people have stopped spending on things like alcohol, cigarettes, travelling, or fancy restaurants and spend more on essential needs such as healthcare and insurance. The downward trend, obviously, is due to lower income because of financial hardships. The global insurance industry has witnessed digital transformation which has also helped to address customers’ problems to soften the impact of COVID-19, with tailor-made solutions. Insurance benefits are also paid in a fast and professional manner. … [Read more...] about New mindset needed for insurance industry