Economists say that Vietnam spends less money than other countries because of its limited resources. There should be support packages strong enough to help businesses, which are on the verge of bankruptcy, to maintain their production, thus helping minimize labor layoff. As for the monetary and credit packages (debt payment extension, debt freezing, interest rate cut), only 50 percent has been implemented. … [Read more...] about Daring proposal: pumping US$2.5-5 billion to save Vietnamese businesses
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Vietnam faces lowest growth in 35 years
Hanoi (VNS/VNA) - Economists have predicted the resurgence of the COVID-19 pandemic could leave Vietnam facing its lowest level of economic growth in 35 years. After 99 days without any new cases of community transmission, a local infection was confirmed in Da Nang on July 25 and the virus has since spread around the country and caused 15 fatalities, greatly impacting economic activities. According to many experts, the return of the virus will immediately eclipse the glimmer of hope for an early recovery for the tourism industry. Dinh Trong Thinh, a lecturer of the Academy of Finance, said: “If the pandemic is not well controlled this time, the economic impact will be very large due to the bigger scale.” Thinh added the local economy was under great pressure from weak demand for goods, products and services and it was facing the risk of interrupted production and service supply capacity. “The cost of fighting against the new wave of the … [Read more...] about Vietnam faces lowest growth in 35 years
Thái Bình seeks Singaporean investment
Ahmad Magad, General Secretary of the Singapore Manufacturing Federation (SMF), praised the province’s substantial potential to attract investors, saying that many Singaporean businesses have considered investing in the locality which is offering tax incentives at local industrial parks. … [Read more...] about Thái Bình seeks Singaporean investment
Viettel named most influential company in Asia
Hanoi (VNA) - Vietnamese telecom giant Viettel has been the only company in Vietnam to be recognised as Asia's 'Most Influential Company' at Asia Corporate Excellence & Sustainability Awards (ACES). ACES is the award for sustainable and pioneering businesses in Asia that influence people and international relationships. Businesses are selected based on growth, manpower, creativity and brand influence in Asia and commitment to sustainability goals. Viettel has implemented many digital transformation projects in many countries, including five countries in Asia. In all these countries, Viettel focuses on developing e-government, smart city, digital transformation for health, education and transportation. It has brought five Asian countries including Vietnam, Cambodia, Laos, East Timor and Myanmar to the list of countries with great progress and pioneering in telecommunications and IT in the world. In the second quarter of 2020, Viettel's data revenue in overseas markets … [Read more...] about Viettel named most influential company in Asia
Vietnam’s IT employees expect to work on solutions to crises similar to Covid-19
“High EQ is now the gold standard for leaders through this potentially stressful period. We recommend investing time in deep listening combined with the ability to minimize quick judgment and refraining from providing only advice. Promote a culture of compassion and caring will help keep your people motivated, engaged and productive,” he said. Hanoitimes … [Read more...] about Vietnam’s IT employees expect to work on solutions to crises similar to Covid-19
