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?
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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
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