Vietnam
Capital: Hanoi; GDP growth (annual %) 2016 : 6.2%;-
Vietnam to pull the US back to Asia?
Vietnamese Prime Minister Nguyen Xuan Phuc’s White Home visit on 31 May has set an ambitious schedule for Vietnam–US relations. The conference was in the spotlight due to the uncertainty surrounding the Trump government’s policy toward the Asia Pacific and the political chaos in Washington. Thirteen commercial contracts worth US$8 billion were announced, bringing in ‘jobs for the United States and great, great equipment for Vietnam’. But the majority significant document released was a joint statement that has mapped out the schedule for US–Vietnam relations and the Trump government’s policy in the region.
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Startups in Vietnam
2016 was called ‘the year of the startup’ in Vietnam. At no time before has the Vietnamese government shown so much support for startups. Entrepreneurship has been emphasised as a key driver for Vietnam’s economy by the national media and in almost all official speeches made by Vietnam’s new Prime Minister Nguyen Xuan Phuc.People work at the office of food-finder app Lozi in Hanoi, Vietnam, 7 April 2016.
There have been 39,580 new startups with a total registered investment of 369.6 trillion dong (US$17 billion) in the initial four months of 2017 alone, which is a 14 % increase in the number of startups and a 54 % increase in registered investment compared to the initial quarter of 2016. According to Vietnam’s Ministry of Planning and Investment , of the 110,000 businesses registered in 2016, additional than 90 % paid taxes, showing signs of stable operation.
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The next chapter for the Trans-Pacific Partnership
The next of trade and cross border commerce in Asia and the Pacific and the US role in Asia’s economy were put in doubt by Donald Trump’s withdrawal of the United States from the Trans-Pacific Partnership (TPP) economic agreement.
The TPP was the economic arm of President Obama’s pivot to Asia. It was as well supposed to set the rules and standards of trade in Asia and for the world. It is no amaze again, that some of the remaining 11 members of the TPP are trying to save the agreement even without US participation. A lot of political capital was expended in negotiating the TPP and nations are looking for ways to maintain the momentum of economic integration.
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- Key Facts
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Full name: Socialist Republic of Vietnam
Population: 89 million (UN, 2010)
Largest city: Ho Chi Minh City
Area: 329,247 sq km (127,123 sq miles)
Major language: Vietnamese
Major religion: Buddhism
Life expectancy: 73 years (men), 77 years (women) (UN)
Monetary unit: 1 dong = 100 xu
Main exports: Petroleum, rice, coffee, clothing, fish
GNI per capita: US $2,760 (World Bank, 2010)
Internet domain: .vn
International dialling code: +84
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Climate change laws around the world
2017/05/14There has been a 20-fold increase in the number of global climate change laws since 1997, according to the most comprehensive database of relevant policy and legislation.
The database, produced by the Grantham Research Institute on Climate Change and the Environment and the Sabin Center on Climate Change Law, includes more than 1,200 relevant policies across 164 countries, which account for 95% of global greenhouse gas emissions.
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Vietnam Year in Review 2016
2017/04/17Strong domestic request and record high foreign investment inflows underpinned the continued rapid increase of the Vietnamese economy in 2016.
According to data issued by the Government Statistics Office (GSO), GDP expanded by 6.2% in 2016, just shy of the government’s projection of 6.3% and slightly above the IMF’s estimate of 6.1%.
While this was the initial time in four years that increase had slowed – from 6.7% in 2015 – per capita GDP rose 5% to a new high of $2215.
Farming underperforming
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Asia Economic Roundup: July 2016
2016/07/18Without a doubt Britain’s decision to abandon the European project will be remembered globally as a wake-up call for political elites around the world. It seems the people chose to go against immediate economic interest and accept an extra financial turmoil in order to address deeply seated social and identity issues.
Although Asia’s exposure to the UK is relatively limited and this is not exactly a “Lehman Moment”, nonetheless we can expect a lively debate as policymakers in Asia look for an appropriate response to address the needs of vulnerable households.
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Lagarde: Vietnam Gearing Up For Next Transformation
2016/03/20Good morning—Chào các bạn
I would like to thank Prof. Dr. Tran Tho Dat and the National Economic University for inviting me—and thank you, the students, for this wonderful welcome.
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Towards A Transboundary Haze-Free ASEAN By 2020: Prevention And Collaboration
2015/11/16To sustain the efforts of a transboundary haze-free ASEAN, it is significant to remain vigilant and be prepared early enough to prevent any occurrence of fires. This calls for better early warning systems and swift deployment of fire-fighting resources even before the fires starts.
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Vietnam Update
2015/02/20In the completed year, according to the World Bank, Vietnam has seen improvements to its macroeconomic performance despite such increase being tempered by structural problems in the banking and national-owned enterprise (SOE) sectors. Further, the World Bank predicts that over the medium-term, increase will remain moderate if there are no major changes to the country’s financial and SOE sectors, said the Asia Briefing.
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Will Vietnam’s FDI-led economy get stuck in a middle income trap?
2014/10/17The Vietnamese economy has experienced a downturn in increase since 2008. In the completed five years, the increase averaged about 5.5 % a year and is not expected to be much higher in the coming years.
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Country Report Vietnam
2013/10/11-
IMF Executive Board Concludes 2013 Article IV Consultation with Vietnam
2013/08/10Vietnam regained macroeconomic stability over the past year, but the economy is progressing at two speeds. The export sector is performing well—especially foreign-invested enterprises—but the domestic sector, though improving, has yet to find a solid footing because of several factors, including low productivity, structure of resource allocation, impaired bank balance sheets and inefficiency in several state-owned enterprises (SOEs).
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- Vietnam News
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- BUSINESS / TRADE: Vietnam to pull the US back to Asia?
- COMPANY: Startups in Vietnam
- BUSINESS / TRADE: The next chapter for the Trans-Pacific Partnership
- SOCIAL / CSR: Vietnam’s Left-Behind Urban Migrants
- AGRICULTURE: Vietnam's imports of pesticide rise 7.5 pct in Q1, mostly from China
- EDUCATION: Higher earning Why a university degree is worth more in some countries than others
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