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Vo Thi Phuong Mai, deputy director and head of retail services of CBRE Viet Nam, said the COVID-19 pandemic had negatively impacted direct visitor traffic but creating many opportunities for small and medium-sized models such as convenience stores, pharmacies and especially e-commerce. … [Read more...] about E-commerce a positive for retail sector

In the first four months this year, the total number of tourists visiting Đà Nẵng reached approximately 1 million, down 58 per cent over the same period in 2019. Of the figure, international visitors were estimated at 575,000, down 50 per cent. Total tourism revenue in the first four months decreased by 51 per cent compared to the same period last year. … [Read more...] about Đà Nẵng kickstarts economy after COVID-19 pandemic

In addition, the Government cautiously recommended the NA consider and adopt the guideline on several specific mechanisms and policies to revive the economy in the new situation. Accordingly, the Government asked for the NA’s permission to proactively adjust the 2020 public investment plans among ministries, sectors and localities within the expenditure estimate on development investment; convert the investment mode for important transport projects from that of a public-private partnership to the use of the state budget; exempt and reduce a number of tax obligations concerning the areas and subjects suffering heavy losses due to COVID-19; postpone the increase of basic salary for civil servants, public employees and the armed forces and pensions from July 1, 2020; and consider launching new economic stimulus packages if the pandemic continues to be prolonged on a global scale. … [Read more...] about BUSINESS NEWS HEADLINES MAY 30