According to the NA-assigned targets, Vietnam’s GDP growth rate in 2020 will be 6.8% while inflation will be kept below 4%. However, the unexpected outbreak of COVID-19 in more than 200 countries around the world has made this goal a major challenge which, as assessed by the Government, is difficult to be achieved. Given that fact, the proposal to adjust the growth targets is necessary and consistent with objective reality, looking directly at the socio-economic situation and forecasting the international and domestic situation in the near future. Under the Government’s updated scenario, the country’s GDP will grow by about 4.5% in 2020. The Government has also set a higher growth target of 5.4% in the event of a favourable global situation, with the disease being put under control and the global market recovering. Meanwhile, the consumer price index (CPI) for the whole year will rise by 4% on average; total state budget revenue will see a reduction of VND163 trillion … [Read more...] about BUSINESS NEWS HEADLINES MAY 30
Tourism value chain
On her part, Dr. Itunu Akinware, Managing Director Medbury Medical Services, advocated for effective collaborations within the health sector drawing from the saying, “You shouldn’t let a good crisis go to waste,” she emphasized that ‘now that a lot of light has been shone on the health sector and we can see the gaps in infrastructure, processes, and systems, this is the time for all of us to work together and ensure that we can improve healthcare in Nigeria”. … [Read more...] about Nigeria’s Health Sector has Massive Wealth Potential, says Abiru
Before 1996, the tax code gave makers of drugs and medical devices favorable treatment for manufacturing products in U.S. territories, such as Puerto Rico. At that time, Puerto Rico was the American engine of pharmaceutical and medical device manufacturing. Many, if not most, domestic companies had a presence there. In an effort to curb "corporate welfare," however, the Republican Congress passed and President Clinton signed the Small Business Job Protection Act of 1996, which phased out the tax exemption. The results were predictable. … [Read more...] about The island that can save America
Hanoi, (VNA) – Prime Minister Nguyen Xuan Phuc on May 29 discussed on the phone with his Singaporean counterpart Lee Hsien Loong bilateral and regional cooperation in the context of the COVID-19 pandemic. PM Phuc appreciated the efforts and comprehensive measures undertaken by the Singaporean Government to contain the spread of the COVID-19 outbreak and mitigate its socio-economic impacts, noting his belief that Singapore will soon be able to put the epidemic under control. He shared Vietnam’s experience in the transition to a new “normal” when the country promotes economic development while continuing with epidemic prevention and control measures. The Vietnamese Government leader underlined the importance of regional and international cooperation in the current context, and spoke highly of Vietnam and Singapore’s mutual support in medical supplies as well as coordination in repatriating their citizens. He thanked Singapore and PM Lee Hsien Loong … [Read more...] about PM Nguyen Xuan Phuc holds phone talk with Singaporean counterpart
By Nirmal Jain Have you seen the glee in the eyes of politicians when they announce loan waiver schemes for farmers? No prizes for guessing whether their eyes are filled with mercy for farmers or avarice for votes. A few weeks ago, the chairperson of the largest state-owned bank sensibly voiced her concern that the loan waiver could upset credit discipline. Some of the legislators had the audacity to demand her apology for this. For them, we are reminded of Jesus’ last words 'Father, forgive them for they do not know what they are doing'. But there are many people in the government and bureaucracy who know what they are doing. The smaller issue is that they are making bad banks, worse. The larger issue is if the Indian farmer is destined to live in destitution and die in debt? Let us take the smaller issue first. In theory, the burden of loan waiver is borne by the state governments. Its immediate impact may be a slight fall in NPAs but it does spoil credit culture and makes … [Read more...] about View: Is Indian farmer destined to live in destitution and die in debt?