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US recovery ripple effect for Vietnam

US recovery ripple effect for Vietnam
08:46 | 20/05/2021
Along with many nations, the US economy is recovering, leading to a rise in the demand for goods imported from Vietnam amid the two economies witnessing their heyday in bilateral trade and investment ties on the back of various motives, including a huge recently-enacted fiscal scheme initiated by the US government.
Recent growth in Vietnamese exports is partly being helped by economic recovery in the US. Photo: Le Toan
The rapid pace of vaccinations and massive scale of fiscal stimulus spending will push the global economy, including the American economy, to recover strongly, the Organisation for Economic Co-operation and Development (OECD) said in its Economic Outlook Interim Report on strengthening the recovery released a few weeks ago. ....

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Data Wonk: Will Biden Relief Plan Work?

Data Wonk: Will Biden Relief Plan Work?
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Fiscal relief and accounting considerations on the road to recovery

(First of two parts)
According to the Organisation for Economic Co-operation and Development (OECD) Economic Outlook Interim Report issued in September, global economic output collapsed in the first half of 2020, but recovered swiftly following the easing of measures to contain the COVID-19 pandemic and the initial re-opening of businesses.
The report also noted that what prevented greater economic decline were economies that introduced prompt and effective policy support to cushion the blow to incomes and jobs. Moving forward, continued fiscal, monetary and structural policy support will be crucial to preserving business confidence and limiting uncertainty.
In the Philippines, the government likewise acted swiftly and provided regulatory relief in aid of national healing and recovery. In the first part of this article, we will discuss the regulatory relief efforts the government provided to ease the impact of the pandemic on businesses, as well as concessions for bank ....

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