Demand stimulus in the current state of the Vietnamese economy in the short term should come with a pro-consumption policy - PHOTO: THANH HOA Private sector consumption is a major growth driver of the Vietnamese economy. It is all the more important as the Covid-19 pandemic has sent global demand plummeting and countries worldwide imposing travel restrictions. In an economy with a large population, low income, and a high rate of savings like Vietnam, which policy shall be adopted to stimulate demand in a sensible way? … [Read more...] about Demand stimulus: where to begin?
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Over the years, tourism has become Hanoi’s spearhead economic sector, with revenue growing by an average of 12.1%. Last year, the city welcomed over 7 million foreign tourists and was included among the top 10 destinations for travelers around the world. … [Read more...] about Hanoi’s economic growth set to reach 3.94% this year
During the conference, donors contributed VNĐ38.2 billion (US$1.7 million) to support flood victims in provinces of Quảng Nam, Quảng Ngãi, Thừa Thiên-Huế, Bình Định and Đà Nẵng.— VNS … [Read more...] about Domestic market to help tourism sector in post-COVID-19-period
The Ministry of Culture, Sports and Tourism in co-ordination with the Quang Nam provincial People's Committee and the Private Economic Development Research Board launched the National Tourism Conference 2020 on November 28 with the theme of "Linking, Action and Development". In attendance at the event were hundreds of travel operators from across the country. Speaking at the conference, Deputy Prime Minister Vu Duc Dam emphasized that the local tourism industry has since established for 60 years and has development associated with several national historical periods. Overall, it has made plenty of positive contributions to boosting economic development, expanding diplomatic relations, and encouraging cultural and people-to-people exchanges between with other countries across the globe. The Deputy PM added that digital transformation in tourism development is vital, not only for the industry, but for all other economic sectors. The digital transformation and application of … [Read more...] about National Tourism Conference seeks solutions to save tourism industry