Vietnam economy

"As expected, the historic meeting between President Trump and North Korean leader Kim Jung Un produced photo ops and statements of goodwill, but is only the first step in a long road of negotiations," said Chris Zaccarelli of Independent Advisor Alliance, a Charlotte-based firm. "The lack of specifics from the meeting — including a lack of timelines — leave little to trade on and so the impact on markets from the summit has been negligible." … [Read more...] about North Korea reportedly wants a ‘Vietnam-like’ debut to the world economy

Since early this year, with the motto “discipline, righteousness, action, creativity, and effectiveness”, ministries, sectors and localities have been working their own growth scenarios. The government has worked harder to harmonize its monetary and fiscal policies, stabilize the macro-economy, and rein in the Consumer Price Index at 4% and achieve a growth rate of 6.7% this year. … [Read more...] about Vietnam’s economy sees signs of steady growth

During his trip to the US, Deputy PM Hue met with CEO of WB Kristalina Georgieva and IMF Director Christine Lagarde. At the meeting, the Deputy Prime Minister affirmed that the two institutions are Vietnam's top partners, while hailing their support for Vietnam socio-economic development, especially in poverty reduction and climate change response.   Vietnamese Deputy Prime Minister Vuong Dinh Hue (R) meets withCEO of World Bank … [Read more...] about WB, IMF willing to support Vietnam`s economy

In fact, the country has been on the 4.0 path for a few years now, particularly in the field of high-technology. However, in low-tech fields such as agriculture, textile clothing or real estate, we are behind many other countries. We must achieve the dual and parallel tasks of carrying out reforms aligning with the 3.0 growth path and initiating 4.0. The implications of disruptive technologies such as Big Data, automation or digitalisation for global development are huge, and as such many locations in the world have been applying smart city models to bring a multitude of benefits to people. Thus, it is essential for us to push up Industry 4.0, which has the capacity to transform the whole economy. … [Read more...] about Industry 4.0 tech essential to build cashless economy

He cited the case of school violence in Hung Yen Province in which a female student was brutally attacked by other students, with another one capturing the scene and uploading the video online. Phuc also mentioned the case of Ba Vang Pagoda in Quang Ninh Province, where tens of thousands of worshippers paid up to thousands of dollars each to have their “bad karma” removed. … [Read more...] about Vietnam recorded positive economic achievements in Q1