2022 in pictures: Vietnam’s post-pandemic year

By VNExpress staff reporters   December 29, 2022 | 06:15 am GMT+7

The first year after the pandemic, Vietnamese people have moved forward, overcome and stayed resilient. But challenges still loom.

2022 in pictures: Vietnam’s post-pandemic year
Tiếp tục đọc “2022 in pictures: Vietnam’s post-pandemic year”

Laos economic crisis intensifies amid massive Chinese debt

DW – 09.08.2022 – Enno Hinz

Laos is facing one of its worst economic crises in decades, with the country experiencing galloping inflation and staring at a debt default.   

Inflation in Laos has hit a 22-year high, causing a scarcity of essential commodities like fuel

Laos’ economy has been on the brink of collapse due to a spiraling debt crisis that is crippling the country’s finances and bringing it perilously close to default.

In June, the Southeast Asian nation’s Statistics Bureau announced that inflation hit a 22-year high of 23.6%, causing staple goods to become scarce and eroding the population’s purchasing power.

Tiếp tục đọc “Laos economic crisis intensifies amid massive Chinese debt”

USD tăng giá và áp lực nợ công: Chớ đợi khát mới đào giếng

NAM MINH 10/08/2022 06:34 GMT+7

TTCT Áp lực nợ công được dự báo sẽ còn tăng mạnh với các nước đang phát triển. Việt Nam cần sẵn sàng cho những kịch bản xấu hơn hiện giờ.

USD tăng giá và áp lực nợ công: Chớ đợi khát mới đào giếng - Ảnh 1.

Ảnh: Reason Magazine

Trong khi nợ công của Việt Nam hiện được đánh giá chưa phải là nỗi lo quá lớn, thì những diễn biến bất ổn ở khu vực châu Á, cũng như tình trạng nợ của khối FDI, doanh nghiệp nhà nước và sự yếu kém của hệ thống ngân hàng nói chung sẽ gây ra những áp lực lên tài chính khu vực công. Sự cẩn trọng và tiên liệu là không bao giờ thừa, nhất là trong hoàn cảnh đầy bất trắc hiện tại.

Phải tung gói hỗ trợ y tế và kích thích kinh tế vì đại dịch, đối phó với khủng hoảng giá năng lượng, lạm phát, cộng thêm đồng USD lên giá, nhiều quốc gia đang phải đối mặt áp lực chi trả nợ công ngày một lớn.

Quỹ Tiền tệ quốc tế (IMF) cảnh báo nhiều nước đang phát triển ở châu Á có thể lún sâu vào nợ nần và đối mặt rủi ro từ các khoản nợ chồng chất. Sri Lanka không còn có khả năng trả nợ nước ngoài và lâm vào khủng hoảng kinh tế. Hay gần đây, các nhà đầu tư bắt đầu lo ngại Pakistan có thể gặp rắc rối khi đồng nội tệ giảm giá mạnh so với đồng USD.

Tiếp tục đọc “USD tăng giá và áp lực nợ công: Chớ đợi khát mới đào giếng”

PODCAST – Asia Stream: Asia’s Inflation Dilemma

Rising prices are hurting wallets across the world. The crisis is particularly bad in Sri Lanka and Turkey, and in Japan, people are facing inflation for the first time in decades.

Nikkei staff writersMay 20, 2022 07:38 JST

NEW YORK — Welcome to Nikkei Asia’s podcast: Asia Stream.

Every episode, Asia Stream tracks and analyzes the Indo-Pacific with a mix of expert interviews and original reporting by our correspondents from across the globe.

New episodes are recorded biweekly and are available on Apple PodcastsSpotify and all other major platforms, and on our YouTube channel.

Tiếp tục đọc “PODCAST – Asia Stream: Asia’s Inflation Dilemma”

Vietnam Sets Ambitious Goals in New National Industrial Policy But Can It Stay Competitive?

vietnam-briefing.com

  • Vietnam’s new industrial policy, Resolution No. 23-NQ/TW outlines big goals and solutions to boost industrialization in Vietnam, notably with the ambition to be among the top ASEAN economies in terms of industrial competitiveness.
  • Looking at the current top-performing industries, Vietnam is well on track to achieve its goals
  • However, more needs to be done if the country wants to remain competitive in the future, especially with the advent of Industry 4.0.

In September 2020, the Vietnamese government issued an action plan implementing Resolution No 23/NQ/TW, which sets out a national industrial policy until 2030 with a vision towards 2045. The resolution was first signed in March 2018.

What are the goals outlined in the policy, and how does Vietnam intend to accomplish these goals? We assess the current status of industrialization in the country, take a closer look at the contents of the national policy and action plan, and identify future opportunities and challenges.

What’s in the new industrial policy?

The action plan to implement the national industrial development policy contains six main goals:

Tiếp tục đọc “Vietnam Sets Ambitious Goals in New National Industrial Policy But Can It Stay Competitive?”

Emerging from the pandemic, Vietnam must position itself for recovery

It’s been two months since the last known case of community transmission of the coronavirus in Vietnam, enabling the country, hailed recently as one of the 11 outperformers among emerging economies, to be among the first to fully reopen its domestic economy.While recurrence remains an ever-present threat, Vietnam’s government is now turning its attention to repairing a damaged economy. Vietnam has fared better economically than many countries, but it has not been completely spared. GDP growth in the first quarter was at its lowest level since 2010, although it was still in positive territory at 3.8 percent. With exports and tourism severely affected, domestic consumption has been (and is expected to continue to be) critical to hold the economy together.

Staying afloat in 2020, largely thanks to spending on essentials

Tiếp tục đọc “Emerging from the pandemic, Vietnam must position itself for recovery”

Vietnam’s debt-to-GDP ratio seen below 57% by 2021: HSBC

thesaigontimes.vn

Tuesday,  Jan 14, 2020,12:11 (GMT+7)
Vehicles travel on Vo Van Kiet Avenue in HCMC. This road was funded by official development assistance loans – PHOTO: VNA

HCMC – If the Vietnamese Government continues its fiscal consolidation, the public debt-to-gross domestic product (GDP) ratio could be further reduced, possibly reaching below 57% by 2021, said an HSBC report.

“Elevated public debt has fallen consistently over the years,” said the “Vietnam at a glance: The Good, the Bad and the Needed” report which the Hongkong and Shanghai Bank Corporation (HSBC) released last week.
Tiếp tục đọc “Vietnam’s debt-to-GDP ratio seen below 57% by 2021: HSBC”

Vietnam needs to choose the path less traveled

vnexpress.net

By Nguyen Dang Anh Thi   January 26, 2020 | 07:27 am GMT+7

In copying other countries’ development mistakes, Vietnam has paid a heavy price for not deploying due foresight. Now, we cannot ignore hindsight wisdom.

Nguyen Dang Anh Thi

Nguyen Dang Anh Thi

When he was 18, my eldest brother faced a tough decision – should he go to university or take up vocational training?

Although he wanted to persist with his academic pursuit, he deferred to the family’s economic needs and decided to join the workforce to support the family.

So, instead of going to university, he decided to go to Tay Loc District in my home province, Thua Thien Hue, and learn tailoring.

One year, with a sudden surge in the need for making windcheaters in HCMC, my brother left home and headed for the southern metropolis in search of better work opportunities. He boarded the crammed bus, not daring to look behind at his sobbing family.

Tiếp tục đọc “Vietnam needs to choose the path less traveled”

Can Vietnam achieve its vision of a ‘green transformation’?

VIETNAM is facing a number of environmental pitfalls and policy hurdles on its path towards a sustainable energy sector, Frauke Urban, Giuseppina Siciliano, Linda Wallbott, Markus Lederer and Dang Nguyen Anh write.

Vietnam has experienced rapid economic growth over the past two decades, making it one of the strongest and fastest growing economies in Southeast Asia.

At the same time, the country has experienced increasing levels of urbanisation, industrialisation and high population growth.

While millions of people have been lifted out of poverty, Vietnam’s recent development trajectory has also resulted in increasing environmental pressures. Tiếp tục đọc “Can Vietnam achieve its vision of a ‘green transformation’?”

Giá trị tài sản tăng nhanh hơn thu nhập, tiền đâu nộp thuế?

Nguyễn Vạn PhúThứ Tư,  25/4/2018, 07:54 

Đất đai ở Việt Nam tăng nhanh và có thời điểm, có khu vực bắt kịp với giá địa ốc ở những nơi được xem là đắt đỏ trên thế giới. Ảnh: HẢI NAM

(TBKTSG) – Dư luận phản ánh trên báo chí về dự án Luật Thuế tài sản những ngày sau khi được Bộ Tài chính giới thiệu nhìn chung là phản đối – với rất nhiều lý lẽ rất xác đáng. Một trong những lập luận khó lòng phản bác là hiện nay theo Hiến pháp, đất đai thuộc sở hữu toàn dân, người dân chỉ có quyền sử dụng đất nên đất không phải là tài sản của họ đúng nghĩa. Một khi đất không thuộc sở hữu thì làm sao bắt người dân đóng thuế dưới tên gọi Luật Thuế tài sản cho được.

Tiếp tục đọc “Giá trị tài sản tăng nhanh hơn thu nhập, tiền đâu nộp thuế?”

Good Morning Vietnam, Energy-wise

energyathass

Vietnam, a leading indicator for the rest of the developing world, has seen tremendous growth in per capita energy consumption.

During a recent family vacation in Vietnam, I learned that the country is a microcosm for several major trends in energy consumption in the developing world: (1) there’s a thriving middle class, (2) hot and humid weather is driving air conditioning demand and (3) rural electrification rates are very high. (We also loved the food, culture and beaches, and we were gripped by the poignant remnants of the American War, as it’s known locally. I highly recommend it as a vacation destination if that’s your thing.)

Let’s start with some basic facts: Vietnam has seen extraordinary growth in per capita energy consumption over the past several decades. Since 1990, the earliest year for which data are available for most countries, total per capita energy consumption in Vietnam has more than doubled. (All the country-level data in this post come from the World Bank Development Indicators.) This puts Vietnam in the top 3% of countries in the world in terms of growth in per capita energy consumption. Of the countries with more than 5 million people, only China and Thailand have had more rapid growth. Tiếp tục đọc “Good Morning Vietnam, Energy-wise”

Historic soccer run brings unequal Vietnam together

Asia.nikkei.com

Under-23 team’s trip to Asian finals fosters sense of national camaraderie

ATSUSHI TOMIYAMA, Nikkei staff writer

Fans in Hanoi react after Vietnam’s loss in the AFC U23 Championship final against Uzbekistan on Jan. 27. © Reuters

HANOI — The Vietnam national team’s first-ever appearance in the finals of the Asian Football Confederation U23 championship, triggered mass celebrations across the country, despite a close defeat in the final game on Saturday. Tiếp tục đọc “Historic soccer run brings unequal Vietnam together”

Vietnam loses $2.4 billion as deep-water port has insufficient infrastructure

VietNamNet Bridge – Vietnam spent big money to build a deep-water port but did not build infrastructure for ships to go in and out of the port.

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, SOE, CMIT, deep water port, Hai Phong Port

Vietnam has spent bit money to build ports

Ho Kim Lan, secretary general of the Vietnam Port Association (VPA), said 80 percent of container imports and exports still have to go through small ports and vessels. Tiếp tục đọc “Vietnam loses $2.4 billion as deep-water port has insufficient infrastructure”

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%”