Đi tìm mô hình kinh tế mới: Hết thời xem lợi nhuận là tối thượng?

NGUYỄN VẠN PHÚ 21/12/2020 9:09 GMT+7

TTCTCách đây đúng 50 năm, vào ngày 13-9-1970, nhà kinh tế học nổi tiếng Milton Friedman tung ra bài viết với tựa đề như một tuyên ngôn cho giới kinh doanh: “Trách nhiệm xã hội của doanh nghiệp là tăng lợi nhuận”. Bài viết này đã đặt nền tảng cho những ý tưởng về một nền kinh tế thị trường tự do mà sau đó đã ảnh hưởng sâu đậm đến nhiều thế hệ doanh nhân, nhà quản lý và các chính khách. Tổng thống Mỹ Ronald Reagan và Thủ tướng Anh Margaret Thatcher được cho là đã xây dựng những chính sách kinh tế vĩ mô dựa trên ý tưởng này.

Tuy nhiên lối suy nghĩ này cũng gây ra những hệ lụy khốc liệt cho xã hội và đến nay người ta lại loay hoay tìm một nhãn quan khác.

Một tuyên ngôn của kinh tế thị trường

Năm 1970, tư tưởng “lợi nhuận là mục đích tối hậu” của Milton Friedman đã gây sốc cho nhiều người: nó trắng trợn quá, nó tham lam quá. 

Tham lam là tốt. Khát vọng chung của các cổ đông chỉ là ngày càng giàu lên, và thế là tốt – Quan điểm của Milton Friedman gây sốc cho nhiều người. (Ảnh: PBS)

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Expansion of Hoa Binh hydropower plant begins in northern Vietnam

Monday, January 11, 2021, 14:36 GMT+7 tuoitre

Expansion of Hoa Binh hydropower plant begins in northern Vietnam
Prime Minister Nguyen Xuan Phuc speaks at the ground-breaking ceremony of the expansion project of Hoa Binh Hydropower Plant, Hoa Binh Province, January 10, 2021 in this supplied photo.

Vietnam’s Prime Minister Nguyen Xuan Phuc attended the ground-breaking ceremony of the expansion project of Hoa Binh Hydropower Plant in northern Hoa Binh Province on Sunday morning.

Tiếp tục đọc “Expansion of Hoa Binh hydropower plant begins in northern Vietnam”

Southeast Asia’s longest road tunnel opens

By Nguyen Dong   January 11, 2021 | 01:27 pm GMT+7 vnexpressSoutheast Asia's longest road tunnel opensA staff stands inside the Hai Van Tunnel 2, January 10, 2021. Photo by VnExpress/Nguyen Dong.

Hai Van Tunnel 2 in central Vietnam has opened to traffic Monday after four years of construction.

Connecting Thua Thien-Hue Province with central hub Da Nang, the tunnel of 6.2 kilometers (3.85 miles) is the longest road tunnel in Southeast Asia and helps reduce traffic pressure on Hai Van Road Tunnel 1.

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Digital trade in the Asia-Pacific

HF-logo-RGB-hz - top cropped
Welcome to our final newsletter of 2020. We would like to take this opportunity to thank you for your support and interest in our work over the year. We will return in early January and in the meantime wish you an enjoyable festive break and every success in 2021. 
New white paper: Digital trade in the Asia-Pacific
Deborah ElmsDeborah Elms
22 December 2020
Digital trade in Asia-Pacific
As we move into 2021, what are the key issues facing digital trade in Asia? The Covid-19 pandemic has disrupted global trade and upended many longstanding business models. Firms are rapidly shifting to develop or expand digital capabilities to manage highly altered supply and demand pressures. Despite the growing importance of digital trade, the ability of governments to tackle a range of issues of relevance to managing the online environment still lags behind the speed of innovation for firms. Effective and efficient regulatory policies can support continuing economic growth in the digital economy. Given the overwhelming importance of small firms to every country in Asia, failure to create supportive policies will impede the region’s attempt to advance sustainable and inclusive development. This new paper from the Hinrich Foundation – the first in a series of six reports on digital trade in the Asia-Pacific authored by Dr Deborah Elms, Executive Director at the Asian Trade Centre – identifies eight issues that governments and firms across the region will need to tackle to reap the full benefits of the digital opportunity.
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Share this paper on TwitterFacebook and LinkedIn.
HEAR FROM THE AUTHOR
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In this short podcast our Director of Research, Dr Andrew Staples, invites Dr Deborah Elms to provide an overview of paper and to highlight the importance of the RCEP agreement for digital trade in Asia.
LISTEN TO PODCAST
Share this podcast on TwitterFacebook and LinkedIn.
INTERVIEW WITH RESEARCH FELLOW Hinrich Foundation Research Fellow, Alex Capri, discusses his latest paper with Dr Staples. Released last week, Techno-nationalism and corporate governance examines how the US-China tech cold war has politicized the business environment for multinationals and the implications for corporate governance. Techno-nationalism, he observes, now requires firms to evaluate or restructure their cross-border operations to reduce risks.
Techno-nationalism and corporate governance
IN CASE YOU MISSED IT While 2020 proved to be challenging for all of us, it was also a productive year for our research fellows. Please find below a selection of our most read articles and papers on the key issues impacting global trade in 2020 including the coronavirus pandemic, geopolitical tensions and the US-China trade war, the emergence of “techno-nationalism,” the US presidential election and the signing of the Regional Comprehensive Economic Partnership (RCEP). 
STEPHEN OLSON-b&w
Stephen OlsonKeep RCEP in perspectiveThree trade issues to watch under a Biden Presidency
Alex capri b&w photo-circle-1
Alex CapriTechno-nationalism and corporate governanceTechno-nationalism and diplomacyTechno-nationalism and the US-China tech innovation raceStrategic US-China decoupling in the tech sector
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Alan Dupont New Cold War: De-risking US-China conflict
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Stewart Paterson Four trade trends post COVID-19 and how they will affect growth
The Hinrich Foundation is committed to advancing sustainable global trade. We welcome your support to share our commentaries and analyses. 

Please encourage others to subscribe to our newsletter and follow Hinrich Foundation on TwitterLinkedIn and Facebook. Contact us for any inquiries. Visit hinrichfoundation.com for more articles, reports and analysis.

Tự do hóa thị trường điện Châu Âu: nửa ly nước đầy

English: Liberalisation of the European electricity markets: a glass half full

 Năm 2016, chỉ thị đầu tiên về tự do hóa thị trường điện châu Âu (năm 2006) kỷ niệm 20 năm ngày ban hành. Chúng ta có thể rút ra kết luận gì từ hai thập kỷ tự do hóa thị trường điện? Một số nhà quan sát, thậm chí những người có tiếng, [1] cũng đang tranh luận rằng thử nghiệm này là một thất bại.Theo định kỳ, các hội nghị được tổ chức tại Brussels hoặc các thủ đô khác để thảo luận về những cải cách mới được cho là cần thiết để cứu ngành điện châu Âu. Ủy ban Châu Âu đề xuất những thay đổi sau khi tham khảo ý kiến ​​của các bên liên quan trên thị trường. [2]

Bài báo đưa ra một quan điểm lạc quan hơn đó là: tự do hóa ngành điện của châu Âu đã hoàn thành hầu hết các mục tiêu ban đầu của chỉ thị. Phải thừa nhận rằng có thể và sẽ cần phải cải tiến, nhưng chúng ta đã đi được một chặng đường dài. Vì vậy, ly nước đã đầy một nửa. Trong thời điểm nghi ngờ về sự thành công của hội nhập châu Âu, ngành điện cho chúng ta nhiều cơ sở để hài lòng.

1. Các mục tiêu ban đầu của quá trình tự do hóa ngành điện Châu Âu Tiếp tục đọc “Tự do hóa thị trường điện Châu Âu: nửa ly nước đầy”

Chiếu Cà Mau – Nam Sơn Trần Văn Chi

mekog-cuulong

Năm nào trúng mùa, mẹ tôi đặt một đôi chiếu Bông và đôi chiếu Cỗ theo kích thước và màu sắc riêng do bà chọn. Bà nói: Để “ăn Tết” với người ta! Hồi đó sống dưới quê, nhà chỉ dám xài chiếu trắng. Sáng nào ngủ dậy, mẹ cũng dặn phải cuốn chiếu lại đem cất trong buồng (phòng ngủ). Thỉnh thoảng thấy mẹ đem chiếu ra sông giặt rồi đem phơi nắng. Còn chiếu Bông bà để dành, chỉ trải khi nhà có khách hoặc có lễ lộc.

Tiếp tục đọc “Chiếu Cà Mau – Nam Sơn Trần Văn Chi”

Vietnam Currency Investigation: Strategy and Policy Implications

November 2, 2020 CSIS

The Office of the United States Trade Representative (USTR) on October 2 launched two investigations of Vietnam under Section 301 of the Trade Act of 1974, including one into alleged currency undervaluation. The president has repeatedly complained about Vietnam’s large trade surplus with the United States, and the USTR action is one of several launched by the administration targeting Vietnam’s currency practices. But the administration has also touted the growing security partnership with Vietnam, which shares U.S. anxieties about China, and the trade actions could run counter to the broader strategic alignment between Hanoi and Washington.

Q1: What is Section 301 and why is Vietnam being investigated?

Tiếp tục đọc “Vietnam Currency Investigation: Strategy and Policy Implications”

What does the ‘rescue’ of Vietnam Airlines reveal?

22/11/2020    15:07 GMT+7 vietnamnet

The national airline of Vietnam finally saw “the light at the end of the tunnel” when the National Assembly agreed with the Government’s proposal for solutions to help Vietnam Airlines overcome difficulties caused by the Covid-19 pandemic.

In the resolution of the 10th session, the 14th National Assembly approved two options. Firstly, the State Bank of Vietnam refinances and extends no more than two times for credit institutions (excluding those under special control) to allow Vietnam Airlines to borrow additional capital to serve production and business activities.

Thấy gì qua cuộc ‘giải cứu’ Vietnam Airlines
A Vietnam Airlines flight from Alaska brought Vietnamese citizens back to their home country in May. Photo: Ted Stevens Anchorage Airport, Alaska

At the same time, Vietnam Airlines is allowed to offer additional shares to existing shareholders to increase its charter capital. The Government will assign the State Capital Investment Corporation (SCIC) to buy shares in Vietnam Airlines on behalf of the Government under the right to buy shares of state shareholders in the mode of transfer of rights to buy. This investment is rated in Group A projects.

Tiếp tục đọc “What does the ‘rescue’ of Vietnam Airlines reveal?”

IMF ranked Vietnam’s GDP growth among highest worldwide

Jasmine LeJasmine Le vietnamtimes.org

lehang1997hanu@gmail.com

 November 19, 2020 | 16:22 

The International Monetary Fund has revised upward its forecast for Vietnam’s 2020 GDP growth by 0.8 percentage points to 2.4 percent.

Natural disasters possibly slash 1.5% off Vietnam’s annual GDP
Singaporean outlet: Vietnam’s economy recovers faster than other countries’ in region
Vietnam emerges as FDI hub in Asia: the Eurasian Times
Workers make fillets of catfish at a factory in the southern city of Can Tho. (Photo: Kham)
Workers make fillets of catfish at a factory in the southern city of Can Tho. (Photo: Kham)

Thanks to the successful COVID-19 containment, Vietnam’s growth would be among the highest in the world”, Era Dabla Norris, mission chief to Vietnam and division chief in the IMF’s Asia and Pacific department, was quoted as saying at the end of the team’s virtual mission to Vietnam from October 15 to November 13.

Tiếp tục đọc “IMF ranked Vietnam’s GDP growth among highest worldwide”

Vietnam emerges as sole economic winner in Southeast Asia, said Nikkei Asia

Valerie MaiValerie Mai vietnamtimes.org

mnghonganh@gmail.com

 November 20, 2020 | 15:55 

Vietnam is shaping up as Southeast Asia’s single economic success story in the coronavirus era, maintaining steady positive growth as other economies struggle to recover, said Nikkei Asia in a recent journal.

AFP praised 24-year-old Vietnamese who quited his stable job to save abandoned cats
French newspaper praises Vietnam’s efforts in COVID-19 fight
International researchers praise success story of Vietnam in fighting COVID-19
5659 capture
With more goods going out of Vietnam, big container ships have begun stopping there directly, cutting transport costs and time for exporters. (Photo: Reuters)

“Sole economic winner in Southeast Asia”

Tiếp tục đọc “Vietnam emerges as sole economic winner in Southeast Asia, said Nikkei Asia”

Chinese firms dominate industrial land investment: report

By Dat Nguyen   November 18, 2020 | 08:37 am GMT+7 vnexpressChinese firms dominate industrial land investment: reportAn aerial view of the Vietnam-Singapore Industrial Parks in southern Binh Duong Province. Photo courtesy of Becamex IDC Corp.Chinese manufacturing companies accounted for 88 percent of $1.57 billion poured into Vietnam’s industrial parks in the first nine months, showing an increasing shifting trend to Vietnam.

Among 20 key investments in the north and south regions, 15 were made by companies from mainland China, Taiwan or Hong Kong, according to a recent report by real estate consultancy Savills.

Companies from Hong Kong participated in eight deals with a total investment of nearly $700 million, while those from mainland China were involved in four deals worth over $300 million.

Companies from Taiwan invested in three deals worth $380 million in the north.

The biggest investments include the $333 million of Taiwanese electronics producer Wistron Corporation and its subsidiary. Wistron is a major laptop producer that has secured land in the northern province of Ha Nam.

The other Chinese companies were in the sectors of electronics, textile and garment, plastic, rubber, and paper.

Among the remaining five non-Chinese investments, two were from Singapore and the rest from Thailand, Japan and South Korea.

Vietnam is seeing rising demand for industrial land amid the establishment and expansion of multinationals as they seek to diversify their supply chains.

The country’s 280 industrial parks posted an occupancy of 70.1 percent in the first 10 months, and another 89 parks are being constructed, according to the Ministry of Planning and Investment.

Data from Savills shows that industrial parks in the northern Bac Ninh Province, the southern Dong Nai and Binh Duong Province are recording high occupancy rate of 94-99 percent, showing a need for an increase in supply.Related News:

Vietnam prosperity ranking jumps 12 places

By Nguyen Quy   November 17, 2020 | 07:58 am GMT+7 vnexpressVietnam prosperity ranking jumps 12 placesWomen practice aerobics to beats coming off a smartphone at a Covid-19 quarantine camp in Lao Cai Province, northern Vietnam, February 17, 2020. Photo by VnExpress/Giang Huy.

Vietnam has moved up 12 places to 73rd out of 167 economies in a global prosperity ranking, ahead of several Asian peers.

With an overall score of 58.3 points, Vietnam ranked 13th out of 29 economies in the Asia-Pacific region, according to the Prosperity Index 2020 published Monday by London-based think tank Legatum Institute.

Tiếp tục đọc “Vietnam prosperity ranking jumps 12 places”

Lowering taxes to attract FDI is a ‘race to the bottom’: experts

TĐH: There are many intangible benefits from foreign direct investments (FDI) – employment and jobs for the local population, increased education, increased professional skills, better law enforcement and legal process, better working and living conditions in general for the locality… Not just taxes. Tax is a small part of the benefit package. If we need to lower/exempt taxes to compete, then let’s do that to compete. If the entire gang of Asia or Southeast Asia countries agree not to use taxes to compete, then that is “an agreement not to compete,” in a national scene that would constitute a violation of antitrust (anti-competition) law, harmful to consumers and to the economy. The economic principle should not be different in the international scene. (But of course, we need to compete both in business environment and in financial benefits such as taxation and land lease).

By Dat Nguyen, Quynh Trang   November 16, 2020 | 08:07 am GMT+7 vietnamnetLowering taxes to attract FDI is a ‘race to the bottom’: expertsWorkers seen in a foreign-invested air conditioner manufacturing plant in the northern province of Hung Yen in December 2019. Photo by VnExpress/Vien Thong.

Competing for foreign investment with tax incentives will end up hitting governments’ revenues and be a lose-lose situation for all ASEAN members, experts warn.

The average corporate income tax rate in Southeast Asia has fallen from 25.1 percent in 2010 to 21.7 percent this year, showing that countries are competing with one another in a “race to the bottom” by offering aggressive tax incentives to foreign multinationals, a recent report by Oxfam, a global organization working on poverty alleviation, and its partners said.

Tiếp tục đọc “Lowering taxes to attract FDI is a ‘race to the bottom’: experts”

Triple amendments strike sparks in M&A

17/11/2020    06:15 GMT+7 vietnamnet

Mergers and acquisitions in Vietnam are forecast to change from the beginning of next year, when three amended laws will come into effect at the same time.

 Deputy Director of the Central Institute of Economic Management Phan Duc Hieu, spoke with VIR’s Khanh An about impact of the laws on enterprises, investment, and securities on the M&A market.

Deputy Director of the Central Institute of Economic Management Phan Duc Hieu.

How do you estimate the impact of the amended laws on enterprises, investment, and securities on capital contributions and share purchases activities? 

Tiếp tục đọc “Triple amendments strike sparks in M&A”