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
United states federal debt
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?
Deputy Prime Minister Vũ Đức Đam spoke at the National Conference on Tourism Development in the central province of Quảng Nam on Saturday, stressing State agencies, businesses, travel agencies and residents should promote links and efficient co-operation to help the tourism industry overcome the most difficult time after the pandemic. … [Read more...] about Domestic market to help tourism sector in post-COVID-19-period