Tags: economic losses

Visa suspension to cause economic losses

Visa suspension to cause economic losses

VOV.VN - The temporary suspension of visas for foreign arrivals to the country is anticipated to have a significant impact on the Vietnamese economy in general, with the aviation industry being particularly damaged, according to economic insiders.

PM emphasises prevention in coping with natural disasters

PM emphasises prevention in coping with natural disasters

Prime Minister Nguyen Xuan Phuc has emphasised the Government’s consistent view of building a society safe from natural disasters mainly based on risk control and prevention at a conference on June 20 reviewing natural disaster control and search and rescue work in 2018.

Ex-leader of VNCB sentenced to 20 years in prison

Ex-leader of VNCB sentenced to 20 years in prison

Pham Cong Danh, ex-Chairman of the Board of Directors of the Vietnam Construction Bank (VNCB), has been given a 20-year prison term for “deliberately violating State regulations on economic management, causing severe consequences” at the bank.

ADB helps Vietnam fight drought, saline intrusion

ADB helps Vietnam fight drought, saline intrusion

Deputy Prime Minister Pham Binh Minh has directed relevant agencies in receiving and using the Asian Development Bank’s emergency aid to help the country deal with impacts of drought and saline intrusion in the South Central, the Central Highlands and the Mekong Delta regions.

Lower USD interest rate does not harm businesses

Lower USD interest rate does not harm businesses

The US dollar interest rate cut last month will not cause economic losses for organisations or individuals, said the State Bank of Vietnam (SBV) on October 12, adding that it is more beneficial to shift to VND as the difference between the interest rates on USD and VND deposits is now above 5%.

Natural disasters cause huge economic damage

Natural disasters cause huge economic damage

(VOV) -Economic losses caused by natural disasters in Vietnam during 2008-2012 accounted for 1.5% of the country’s GDP, up 0.5% compared to the figure reported in the 2003-2007 period.