• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

Gatofuns

World Breaking News

  • Submit
  • Disclaimers
  • About
  • DMCA
  • Privacy Policy
  • Contact
You are here: Home / BUSINESS NEWS HEADLINES MAY 16

BUSINESS NEWS HEADLINES MAY 16

Vietnam takes first ever measures to kick-start ailing economy For the first time Vietnam is launching a series of relief packages worth approximately VND600 trillion (US$25 billion) to get the national economy back on track after being badly affected by the novel coronavirus epidemic (COVID-19). Roughly VND256.6 trillion of the total sum will be sourced from the State budget, with the remainder coming from the central bank, Vietnam Social Insurance, Vietnam Electricity, credit organisations, and telecommunication groups. The money will then be put into offering support to boost production, aid business services, and ease social welfare measures.  This move can be considered as an unprecedented step to cushion the impact of the COVID-19 epidemic by speeding up economic recovery and kickstarting the post-virus period. A serious economic impact According to Minister of Planning and Investment Nguyen Chi Dung, the COVID-19 epidemic has taken a heavy toll on the Vietnamese economy, with the impact being described as serious. The first quarter of the year saw the economy grow by 3.82% annually, representing a record low since 2011. The longer the epidemic goes on for, the more serious the economic impact is expected to be. It is highly unlikely that the 6.8%… Read full this story

  • BUSINESS NEWS HEADLINES DECEMBER 17
  • Government may soon have 'good news' for Airtel, Vodafone and Reliance Jio
  • After Market: Sudden rally in YES Bank, IT bleeds, 16 stocks turn ‘oversold’
  • How Royal drama, foreign diplomacy rows and Extinction Rebellion protests dominated the headlines in 2019 before Boris Johnson's election win finally revealed a light at the end of the Brexit tunnel
  • US sanctions not his toughest crisis, says founder Ren Zhengfei
  • Google India revenues fall
  • Conway: If MSM Were ‘A Real Business,’ Heads Would Roll
  • Oracle to have more Cloud regions than AWS by 2020: Ellison
  • 5 things to know for December 16: Impeachment, Afghanistan, Lebanon, COP25, North Korea
  • The Best And Worst News In Gender Equality Around The World
BUSINESS NEWS HEADLINES MAY 16 have 309 words, post on vietnamnet.vn at May 16, 2020. This is cached page on Gatofuns. If you want remove this page, please contact us.

Primary Sidebar

RSS Recent Stories

  • Woman, 24, arrested for suspected drink driving after crashing yellow Mercedes-Benz into Fairmont Hotel
  • S’porean silat exponent withdraws from finals on doctors’ advice after receiving illegal blow in the face, gets silver
  • Joseph Schooling wins 1st gold at 31st SEA Games, his 5th consecutive win for 100m butterfly since 2013
  • Long queues at Jalan Besar temple on eve of Vesak Day as nearly 1,000 animals received blessings
  • Mother of toddler in Bedok North flat fire still in ICU, condition stabilised

Sponsored Links

  • Pragmatism or populism?
  • Software manpower crisis
  • ‘Factor X’
  • Renowned wine critic James Suckling to open bar in Seoul
  • 2022 U.S. defense bill erases ban on reducing USFK troops
  • More than 1,000 secret JFK assassination files released
Copyright © 2022 Gatofuns. Power by Wordpress.
Home - About Us - Contact Us - Disclaimers - DMCA - Privacy Policy - Submit your story