PwC Vietnam's general director shared her expert views with the audience at the Vietnam, Business Summit 2018 Growth in ASEAN David Wijeratne Last year marked the 50th anniversary of the Association of Southeast Asian Nations (ASEAN), a unique achievement considering the regional conflicts and poverty which characterised the region in the first half of the 20th century. The ASEAN’s remarkable growth journey to become the world’s sixth-largest economy has been powered by its people, with the establishment of a formidable labour force and the subsequent creation of a wealthier middle class which has driven domestic consumption. Challenges to ASEAN’s growth However, against this backdrop, questions have been raised about the sustainability of the ASEAN growth story. Global economic growth has slowed in recent years and this has impacted all markets across the ASEAN. GDP growth in Singapore (or the developed ASEAN) dropped below the global average to 2.0 per … [Read more...] about Time to act for the future of ASEAN
Building and construction industry security of payment act
Developing the socialist-oriented market economy in Viet Nam: Theoretical awareness, practices and recommendations
Developing the socialist-oriented market economy is a realistic and optimal path for the Vietnamese nation. However, it is still a challenge for our Party, State and people to design concrete measures for that model to operate effectively. Awareness on the socialist-oriented market economy after nearly 30 years of renovation After nearly 30 years of renovation, awareness on the socialist-oriented market economy has become clearer. First, market economy (the high development level of commodity economy, when all products can become commodities) is a product of human civilization which emerged since the end of the primeval communist regime and developed to a high level under capitalism thus by itself is not synonymous to capitalism. It means that the market economy is not an exclusive product of capitalism, but commodity economy, the feeding source and starting point of the market economy, has existed in several social regimes, however, there is no common and unanimous market economy for … [Read more...] about Developing the socialist-oriented market economy in Viet Nam: Theoretical awareness, practices and recommendations
Socio-Economic Overview in November 2008 and first eleven months of 2008
A. SOCIO-ECONOMIC OVERVIEW I. ECONOMY: 1. Manufacturing: 1.1. Industrial manufacture: Estimated value of industrial manufacture in 11/2008 is VND 6,910.7 billion (fixed price in 1994), up 2.5% against last month, the first elevent months reach VND 69,062.1 bil, achieving 88.4% of the plan and increasing 20.9% compared with the same period. a/ Central state owned industrial sectors: Estimated value of industrial manufacture in 11/2008 is VND 788.2 billion, up 8% against last month, the first elevent months reach VND 7,793.1 bil, achieving 87.1% of the plan and increasing 11.3% compared with the same period. … [Read more...] about Socio-Economic Overview in November 2008 and first eleven months of 2008
Socio-economic report for the first quarter of 2009 and some main tasks in the second quarter of 2009
A. SOCIO-ECONOMIC SITUATION IN THE FIRST QUARTER OF 2009: In the first quarter of 2009, the province's socio-economic situation and security and national defense not only gained a lot of advantages but also faced a lot of difficulties and challenges. This has affected production. The impact of the global economic crisis made all businesses reduce production. However, thanks to the efforts of all levels of leadership, sectors, businesses and manufacturers, the province's economy continues growing. … [Read more...] about Socio-economic report for the first quarter of 2009 and some main tasks in the second quarter of 2009
Socio-economic development strategy for 2011-2020 in focus
Prime Minister Nguyen Tan Dung has written an article about major contents of the draft socio-economic development strategy for the 2011-2020 period and the country's key tasks in 2011. I. National situation and international circumstance 1. In continuing to follow the Party's renovation guidelines, we have, during the 2001-2010 period, created new driving force for the national development. By expanding democracy in the economy through stipulating and enacting the Enterprise Law, promoting the development of privately-run economy, stepping up State-owned enterprise equitisation and foreign investment attraction, implementing administrative reforms with the focus on administrative procedures, participating deeply and broadly into regional and international integration process, and joining the World Trade Organisation, we have been able to tap our country's inner strength and potential, make use of external resources and combine national strength with the power of our times. … [Read more...] about Socio-economic development strategy for 2011-2020 in focus