Productivity key to escaping mid-income trap

vietnamnews Update: December, 14/2017 – 08:00

Workers produce mechanical accessories and parts at the Hirota Precision Viet Nam Co.,Ltd in Đồng Nai Province. — VNA/VNS Photo Danh Lam
Viet Nam News HÀ NỘI — Việt Nam has to focus on increasing labour productivity and overall productivity growth to avoid the risk of being stuck in the middle income trap, experts said at the Vietnam Development Forum (VDF) 2017 yesterday.

Prime Minister Nguyễn Xuân Phúc said that there were signs of slowdown in productivity growth, a key driver of sustainable development, and this has to be reversed with innovation, creativity and technological applications. Tiếp tục đọc “Productivity key to escaping mid-income trap”

ADB lifts growth prospect of VN to 6.7%

vietnamnews Update: December, 13/2017 – 18:00

Việt Nam’s growth prospect is predicted to be 6.7 per cent in both 2017 and 2018. — Photo bantuyengiao.vn
Viet Nam News  HÀ NỘI — The Asian Development Bank (ADB) revised Việt Nam’s growth prospect upward to 6.7 per cent in both 2017 and 2018 compared with earlier forecasts of 6.3 and 6.5 per cent, respectively.

This is part of ADB’s forecast on economic expansion of developing Asia, which showed the GDP of the first three quarters of 2017 in Việt Nam grew by 6.4 per cent, up from 5.9 per cent in the same period of 2016. Tiếp tục đọc “ADB lifts growth prospect of VN to 6.7%”

Renewable Energy Benefits: Measuring The Economics – Lợi ích kinh tế của năng lượng tái tạo

IRENA report

The need for scaling up renewables is now undisputed, and the full range of benefits they can bring has come to the fore in global discussions. As countries consider options at their disposal, understanding the socio-economic benefits of the transition to a renewable energy future is of vital importance. Renewable Energy Benefits: Measuring the Economics provides the first global quantification of the macroeconomic impacts of renewable energy deployment. It finds that doubling the share of renewables by 2030 would bring a range of positive impacts including an increase in global gross domestic product (GDP) up to 1.1 percent, improvement of global welfare by 3.7 percent and over 24 million people working in the renewable energy sector. This report provides the latest evidence that mitigating climate change through the deployment of renewable energy and achieving other socio-economic objectives are mutually beneficial. Thanks to the growing business case for renewable energy, an investment in one is an investment in both. A full understanding of these benefits can tip the balance towards low-carbon investments and future-proof our energy system.

Download full report http://www.irena.org/DocumentDownloads/Publications/IRENA_Measuring-the-Economics_2016.pdf

Increasing World’s Share of Renewable Energy Would Boost Global GDP up to $1.3 Trillion

Abu Dhabi, U.A.E., 16 January 2016 – Achieving a 36 per cent share of renewable energy in the global energy mix by 2030 would increase global gross domestic product (GDP) by up to 1.1 per cent, roughly USD 1.3 trillion, according to new analysis by the International Renewable Energy Agency (IRENA). Tiếp tục đọc “Increasing World’s Share of Renewable Energy Would Boost Global GDP up to $1.3 Trillion”

ADB: Growth at 6.7% in 2017 & 2018

Last update 18:05 | 13/12/2017

Vietnam’s growth prospects have been revised upwards to 6.7 per cent in both 2017 and 2018 compared to previous forecasts of 6.3 per cent and 6.5 per cent, respectively, in a supplement to the Asia Development Bank’s Asian Development Outlook Update 2017 report, released on December 13.

ADB: Growth at 6.7% in 2017 & 2018, vietnam economy, business news, vn news, vietnamnet bridge, english news, Vietnam news, news Vietnam, vietnamnet news, vn news, Vietnam net news, Vietnam latest news, Vietnam breaking news

The first three quarters of 2017 saw GDP grow by 6.4 per cent, up from 5.9 per cent in the same period of 2016, the report noted. Tiếp tục đọc “ADB: Growth at 6.7% in 2017 & 2018”

Vietnam’s economic growth patterns questioned by experts

Last update 08:00 | 05/12/2017
VietNamNet Bridge – The unexpected jump in the GDP growth rate in the third quarter of the year remains controversial.


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Vietnam’s GDP growth rates

Head of the Vietnam Economics Institute Tran Dinh Thien, citing statistics about GDP growth rates in the last many years, said the ‘strange thing’ of Vietnam economy is ‘the growth rate is low in the first quarters, high in the last quarters, and the yearly plans are fulfilled’. Tiếp tục đọc “Vietnam’s economic growth patterns questioned by experts”

VN’s central bank to keep currency stable: Official

vietnamnews Update: October, 23/2017 – 17:24

Deputy Governor of State Bank of Việt Nam Nguyễn Thị Hồng. – Photo SBV

Viet Nam News HÀ NỘI — Record-high foreign reserves will enable Việt Nam’s central bank to keep the đồng, the local currency, stable for the rest of the year, Bloomberg quoted a central bank official as saying.

With reserve levels at US$45 billion, “we are confident we will be able to maintain the đồng’s value,” in 2017, Nguyễn Thị Hồng, deputy governor of State Bank of Việt Nam (SBV), said on the sidelines of a meeting in Hội An last Saturday. “Such a high level of foreign reserves will allow us to step in to stabilise the money market when needed,” she added.
Tiếp tục đọc “VN’s central bank to keep currency stable: Official”

VN shifts away from agriculture

vietnamnews

Update: October, 10/2017 – 09:00

Proportion of working age laborers in rural areas. – Source: GSO’s national census on rural areas, agriculture and fishery in 2016. – VNS Inforgraphic Khánh Dương
Viet Nam News HÀ NỘI – The economic structure in Việt Nam’s rural areas has been transformed in the past five years, with fewer people working in the agriculture, forestry and fishery sectors and more in construction, industry and services, according to the 2016 national census on rural areas, agriculture and fishery. The report was issued yesterday by the General Statistics Office (GSO). Tiếp tục đọc “VN shifts away from agriculture”

HSBC raises growth forecast to 6.6%

Last update 16:18 | 06/10/2017

HSBC has revised its growth forecast for Vietnam this year up to 6.6 per cent, days after data from the General Statistics Office showed the economy grew 7.46 per cent in the third quarter year-on-year; its strongest third-quarter growth since 2010.

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In a recent statement, the bank said that July-September growth was “surprising”. It had lowered its growth forecast from 6.4 to 6 per cent in July after the economy hit a three-year low of 5.2 per cent growth in the first quarter.

A continued rise in exports and industrial production were some of the primary drivers of growth, as the strong tech cycle in the second quarter persisted throughout the third quarter, the bank noted. Tiếp tục đọc “HSBC raises growth forecast to 6.6%”

Foreign investors shun properties with bank debt

Last update 16:00 | 05/10/2017

VietNamNet Bridge – VAMC (Vietnam Asset Management Company) is now holding VND230 trillion worth of bad debt, including real estate which is used as collateral for bad debts it has purchased from commercial banks.

vietnam economy, business news, vn news, vietnamnet bridge, english news, Vietnam news, news Vietnam, vietnamnet news, vn news, Vietnam net news, Vietnam latest news, Vietnam breaking news, VAMC, bad debt, SSC

It is expected that from now to the end of 2017, VAMC will settle VND23-25 trillion worth of bad debt, or 10 percent of the amounts of bad debt it is holding.

With 70 percent of bad debt secured by real estate, roughly VND161 trillion dong worth of property being held by VAMC will be liquidated in the time to come. Tiếp tục đọc “Foreign investors shun properties with bank debt”

Vietnam trying to wean itself off preferential ODA loans

Last update 12:00 | 27/08/2017

VietNamNet Bridge – Vietnam now has to think of attracting private capital for development projects as preferential ODA loans will now have higher interest rates. 

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From 2018, Vietnam will no longer receive preferential ODA loans from WB, ADB and other financial institutions in developed countries at preferential loans of 2-3 percent. The interest rates will be 5-6 percent, not including the service fee. Tiếp tục đọc “Vietnam trying to wean itself off preferential ODA loans”

Nếu không có 30/4 miền Nam có giàu như Hàn Quốc?

VNY – 19 thg 10, 2016

Nếu không có ngày thống nhất đất nước 30/4/1975, liệu miền Nam ngày nay có phát triển như Hàn Quốc không? Sự thật là nền kinh tế VNCH cho đến 1975 hoàn toàn không có nội lực gì, phụ thuộc hoàn toàn vào viện trợ Mỹ và nguồn tiền mà lính Mỹ chi tiêu. Do đó, nếu không có sự kiện 30/4 và Mỹ cũng không còn viện trợ kinh tế ồ ạt mỗi năm hơn nửa tỷ USD thì nền kinh tế VNCH phải mất nhiều năm tập cai sữa rồi mới có thể tập bò rồi tập đi bằng đôi chân của mình. Vì thế hãy thôi ảo tưởng quá khứ đi, Sài Gòn là hòn ngọc viễn đông nhưng là hòn ngọc do sự có mặt của người Mỹ tạo ra chứ không phải do nền kinh tế VNCH và những người dân bản địa tạo nên.

Những thương vụ ngàn tỷ từ nước ngoài đổ vào ngành dược Việt Nam – 3 bài

  • Bài 1: Sóng đầu tư đổ về các nhà máy thuốc
  • Bài 2: “Đại gia” ngành dược chi mạnh cho mua bán, sáp nhập
  • Bài 3: Phía sau những giao dịch của các “đại gia” ngành dược
Tiêu thụ thuốc
Tiêu thụ thuốc

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Bài 1: Sóng đầu tư đổ về các nhà máy thuốc

DT Theo số liệu của Bloomberg, kể từ đầu năm đến nay các mã cổ phiếu ngành dược niêm yết trên sàn chứng khoán Việt Nam đã tăng trưởng khoảng 40%, tốt nhất trong số 10 ngành của VN – Index. Sự hấp dẫn của ngành dược Việt Nam càng được chứng minh khi hàng loạt cái tên lớn trong ngành như Abbott, Sanofi, Taisho… lần lượt dốc thêm vốn vào Việt Nam. Tiếp tục đọc “Những thương vụ ngàn tỷ từ nước ngoài đổ vào ngành dược Việt Nam – 3 bài”

Việt Nam đặt mục tiêu mỗi người dân uống 52 lít bia, 3 lít rượu vào năm 2035

Việt Nam đặt mục tiêu mỗi người dân uống 52 lít bia, 3 lít rượu vào năm 2035

CF Việt Nam đặt mục tiêu năm 2035 cả nước sản xuất khoảng 5,5 tỷ lít bia; 350 triệu lít rượu. Dự kiến dân số Việt Nam 2035 ở mức 105 triệu người, thì trung bình mỗi người dân sẽ uống 52 lít bia, 3 lít rượu… Tiếp tục đọc “Việt Nam đặt mục tiêu mỗi người dân uống 52 lít bia, 3 lít rượu vào năm 2035”