The Hanoitimes - The sanctions leave direct impact on North Korean economy shown through a sharp decline in exports last year. What are visions for the denuclearization after second no-deal summit? The failure of the second Trump-Kim summit in Hanoi suggests sanctions remain a big issue between the US and North Korea, foreign media quoted international experts as saying. The UN Security Council votes to adopt a resolution imposing sanctions against North Korea. Photo: Getty Images North Korean nuclear negotiator Kim Yong Chol told Secretary of State Mike Pompeo in May 2018 that Pyongyang’s shift away from weapons was “not a result of sanctions that have been imposed from outside.” But in July 2018, Seoul-based Bank of Korea estimated the North Korean economy had seen its biggest decline in two decades, with the country’s real annual gross domestic product (GDP) falling by 3.5% in 2017 while exports declined 37.2% in 2017 alone. … [Read more...] about How much do US-led sanctions hurt North Korea economy?
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Illustration by Trịnh LậpViet Nam News By Hoàng Hồ After an incredible fight, actress Mai Phương, who has been receiving special treatment for aggressive lung cancer, has been discharged from Military Hospital 175 into the loving arms of friends, family, fans and colleagues. Although the battle against cancer is not over, with Phương facing many more hospital visits and follow-up appointments, her journey has been remarkable and inspirational. Since the first days of her treatment, the hospital has welcomed visits from many celebrities to help and encourage Phương. With continuous updates on the media and thousands of messages from fans on Facebook around Việt Nam, everything seemed to be going well, until actor Gia Bảo – a close friend of Phương’s, spoke up and caused some ripples. “If you don’t have a close relationship with the patient, you can just … [Read more...] about How much does sympathy really cost?
Warburg Pincus is finding new investment targets in the consumer, banking and logistics sectors of Vietnam as its economy grows and capital markets develop, said the regional head of the private equity firm which has committed over $1 billion in Vietnam. “It’s a market that we think there’s a lot of opportunity in,” Jeffrey Perlman, Southeast Asia chief for Warburg, told Reuters in an interview on Thursday. “Four, five years ago, even in Vietnam there wasn’t an understanding of what was private equity and what it will do to businesses.” Vietnam’s emergence as a large manufacturing destination next to China helped the Southeast Asian nation’s economy grow at 6.8 percent last year, the strongest since 2010. The growth is rapidly building up a huge middle class that is boosting consumer spending in a country of about 100 million. Its stock index VNI has risen 20 percent this year, the best performance in Southeast Asia, after surging … [Read more...] about Warburg Pincus sees more deals in Vietnam after pumping in $1 billion
“A clear majority of donors have stepped up their support for the GEF, signaling the urgency of the global environmental agenda, and trust in the GEF to help tackle the problem and achieve even greater results,” said Naoko Ishii, GEF CEO and Chairwoman. “We need to forge the partnerships that will help transform the food, urban and energy systems in an integrated way. The GEF-7 is designed to do just that.” She said at a closing ceremony press conference that she was happy that GEF-6 had developed a strategy and policy on how to protect the global environment leading up to the GEF-7. “The GEF-6 was an opportunity for us to think about what we will do in the next four years, and how we can care for nature. GEF-6 ended, but the next cycle has begun,” she said. “We need changes on how to produce food, traffic, energy, power production, urban areas and economic systems.” Ishii also highly appreciated the commitment of the Vietnam government … [Read more...] about 6th GEF Assembly: $4.1 billion committed to global environment
Participants at the 6th Global Environment Facility Assembly join hands to clean the beach in Da Nang city (Source: VNA) Hanoi (VNA) – The sixth Assembly of the Global Environment Facility (GEF) concluded on June 28 in the central city of Da Nang with 29 countries pledging to provide 4.1 billion USD for the next four years for numerous global environment-related programmes. “A clear majority of donors have stepped up their support for the GEF, signaling the urgency of the global environmental agenda, and trust in the GEF to help tackle the problem and achieve even greater results,” said Naoko Ishii, GEF CEO and Chairwoman. “We need to forge the partnerships that will help transform the food, urban and energy systems in an integrated way. The GEF-7 is designed to do just that.” She said at a closing ceremony press conference that she was happy that GEF-6 had developed a strategy and policy on how to protect the global environment leading up to the GEF-7. … [Read more...] about 6th GEF Assembly: 4.1 billion USD committed to global environment