Business News

The Tourism Advisory Board send their warmest compliments to you and your colleagues and congratulate you on the decision to reopen the domestic tourism sector.  This is an essential step for the industry.  However, this will not itself relieve the acute pain being felt, by the sector, without the safe opening to international visitors from those countries that are considered safe and with the confidence that visitors, from those particular countries, do not represent a health risk to  our own citizens. 

Some 70,000-80,000 workers across the country have returned to work since the mass disruption caused by the novel coronavirus in Việt Nam, said Deputy Minister of Labour, Invalids and Social Affairs (MOLISA) Lê Văn Thanh at an online conference held on Wednesday to discuss and share experience in job creation and sustainable business in the new normal [after COVID-19].

Hồ Liên Nam, head of the port’s sales department told Vietnam News Agency that to expand production and business, the port has opened many new transport service routes, including a route from Quy Nhơn port to Northeast Asia, connecting central Việt Nam with South Korea, Japan and China.

The SBV cut its benchmark interest rates by 50 basis points on May 12. Accordingly, the refinancing rate was reduced to 4.5 per cent from 5.0 per cent, discount rate to 3.0 per cent from 3.5 per cent, and the overnight inter-bank lending rate to 5.5 per cent, from 6.0 per cent with effect from May 13.

Although coming three months later than the required by the government, the authorities are still determined to kick off the construction of Long Thanh International Airport in the first quarter of 2021. This information was mentioned in the government’s recent report to the National Assembly.

During the past few months, various industries adopted technologies to tackle the drastic changes brought by the global pandemic. The outbreak of COVID-19 also sparked a wave of innovation to solve daily life challenges.

The monthly statistical data presents current economic and social statistics on a variety of subjects illustrating crucial economic trends and developments, including production of agriculture, forestry and fishery, business registration situation, investment, government revenues and expenditures, trade, prices, transport and tourism and so on.

The National Steering Committee on COVID-19 Prevention and Control agreed Thursday that Viet Nam should continue closing borders to foreign tourists at this time, as external COVID-19 transmission risks still remain.