We are Active in over 60 Countries: The Friedrich Naumann Foundation for Freedom is committed to working with all its strength for a liberal world. Our core concern is the realization of freedom and responsibility. We promote the development of democratic, market-based and constitutional structures so that more and more people can live in a liberal, democratic society.
Through the connection of EU experts, civil society, and decision makers we seek to foster open dialogue and discuss liberal policy solutions to European challenges. Together with our liberal partners, we develop formats and campaigns to promote rule of law, free markets and human rights. Moreover, we coordinate EU co-funded projects in the field of democracy support, development cooperation and human rights protection.
Through our seven offices in the MENA Region, we actively promote the political debate to support innovative liberal approaches and solutions. Our projects are liberal platforms on which the Foundation's partners from the Gulf to the Levant and the entire southern side of the Mediterranean can provide creative impulses and discuss geopolitical issues.
From our seven offices in Sub-Saharan Africa, we focus on promoting political networking. We are committed to strengthening liberalism and promoting human rights, the rule of law and the social market economy.
In North America, our focus is on the transatlantic partnership, which we see as a supporting pillar for the security and stability of Western democracies. We encourage the political debate and develop innovative liberal approaches. In Latin America we work to promote strong democratic institutions, respect for human rights and rule of law as well as promoting liberal dialogue throughout the region.
With its offices in Asia, the foundation supports programs to strengthen democratic processes, particularly free and fair elections, and transparent and accountable governance. The Foundation in the region also showcases innovation as a tool to encourage civic participation that further promotes freedom.
It has been almost two months since Vietnam implemented a VAT reduction from 10% to 8% with Decree No. 15/2022/ND-CP - together with the CIT-Deductions for Companies. The VAT move is a temporary reduction to be applied from 1/2 to 31/12/2022. The objective is to drive the recovery of the economy in the post-Covid19 time.
Although blockchain technology has been known in Vietnam for a number of years, CBDC is still a new concept for the state bank and the responsible authorities. There has to be a long-term vision for the country, state FNF country director Andreas Stoffers and Doan Thanh Huyen in Hanoi.
Vietnam's public debt has decreased to about 55.0% of GDP by the end of 2020. This sound fiscal policy - together with prudent monetary policy - makes Vietnam fit for the post-Covid 19 crisis era. This paves the way for the country's powerful repositioning.
The world is currently teetering on the brink of the global health crisis. After the longest economic boom of modern times after 2008, many seemed to have forgotten that economic crises have always been and still are quite normal. It will depend on how countries will deal with the crisis and what economic policy measures will be taken. Vietnam is presenting an interesting package of measures. Can it serve as a model?