Tropical Storm Linfa is the sixth tropical storm to hit Vietnam in 2020 and made landfall on October 11. Subsequently, Tropical Storm Nangka (Tropical Storm #7) made landfall over northeastern Vietnam on October 14. As of October 15, the flooding had adversely affected over 136,000 households - resulting in at least 40 deaths, injuring 15 people, and leaving 29 people missing, according to the Vietnam Disaster Management Authority and American Red Cross. In addition, 150,000 people have been evacuated and significant impacts on transportation networks and agricultural livelihoods have been reported. USAID Bureau for Humanitarian Assistance partner VNRC is on the frontlines of the response and has mobilized rapid disaster response teams established and trained through ongoing USAID disaster risk reduction programs to support evacuation, search and rescue, and emergency response operations. … [Read more...] about The United States Announces Assistance to Vietnam to Respond to Tropical Storm Linfa
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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?
He said the region also included three UNESCO-recognised world heritage sites, including the Huế Monuments Complex, Hội An town, Mỹ Sơn Sanctuary and Chàm Island-Hội An world biosphere reserve in Quảng Nam as well as world intangible heritages. … [Read more...] about Domestic market to help tourism sector in post-COVID-19-period