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They should set aside their exchange-rate policies in favour of industrial policy, subsidising promising new industries directly.
Industries directly linked to airline travel -- hotels, rental cars, aircraft manufacturing, theme parks, airport restaurants -- also suffered.
To compare the two nations' industries directly would be unfair, when Vietnam's tourist industry is so young in comparison.
"Frivolous" fashion is the nation's second biggest employer, and the largest employer of all the creative industries, directly responsible for 816,000 jobs.
It is believed to be the first time in the country that any government body would charge industries directly for emissions that contribute to climate change.
"In 2011, cultural industries directly employed 531,000 people, and indirectly generated a further 3.7m jobs," critic and writer Alison Croggon recently observed.
Similar(46)
The outdoor recreational industry directly supports three times more jobs than the oil and gas sector.
The securities industry directly generates 15percentt of the city's revenue from major business and personal taxes.
The American wind power industry directly employs about 85,000 people today, a 70percentt increase from a year ago, the group reported.
For now, the sugar industry directly provides 60,000 jobs and the palm industry 17,000, although the plantations are not labor-intensive.
The coalition has pledged not to subsidise the nuclear industry "directly" but by including it with renewable forms of generation, it can get round this stipulation.
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