China’s economy is showing signs that a 4 trillion yuan (US$585 billion) stimulus package is taking effect. People walk along a shopping street in Beijing, China Friday … [Read more...] about China economy shows signs of stirring on stimulus
Global green economy index
VN-Index breaks the 550 mark
Investors returned to the country's major stock exchange in a buying mood Wednesday, after a four-day break for Vietnam's National Day. The VN-Index of 156 leading companies and four closed-end funds reached 555.14 points, a gain of 16.04 points, or 2.97 percent, from Friday's close. The trading boards were mostly green Wednesday, with 142 stocks rising - 132 hitting the daily maximum limit of 5 percent. Only seven stocks fell. Buying orders outstripped selling orders as investors bet the market would make further rallies in the near future. … [Read more...] about VN-Index breaks the 550 mark
HCMC shares track global bounce-back
Ho Chi Minh City stocks Wednesday extended their gains into a sixth straight day as sentiments continued to be buoyed by the central bank's cut in the main interest rate and global stock rally. The VN-Index moved up 16.39 points, or 4.53 percent, to close at 377.83 points. The trading board was a splash of green soon after the opening bell thanks to heavy buying. But many investors, anticipating further rises, were reluctant to sell and the volume fell to 16.3 million shares from Tuesday's 19.5 million. Tran Thi Quy, a broker at Viet Dragon Securities Corporation, told Thanh Nien Daily that good news from international stock markets boosted investors' confidence. "Foreign investors have started to buy shares again after days of heavy selling," she said. Quy also said the central bank's rate cut, effective from Wednesday, contributed to the market's rebound. The newly-listed PetroVietnam Finance Co., 10 percent owned by Morgan Stanley, advanced for the first day after two … [Read more...] about HCMC shares track global bounce-back
Vietnam initiates green economic centre at Rio 20
Vietnam’s Deputy Prime Minister Nguyen Thien Nhan proposed setting up a string of regional centres for green economy, while delivering his speech to the Conference on Sustainable Development (Rio+20) in Rio de Janeiro, Brazil, on June 21. According to him, the centres should monitor the key indicators of green economy of all countries in the region, provide consulting services for policy formulation and best practices for countries, organise workshops on green economy and help the UN to prepare and publish bi-annual World Reports on Green Economy. “For Southeast Asia, Vietnam is ready to work with ASEAN countries and the UN to set up the Regional Centre for Green Economy in Vietnam and to share fifty percent of the operational costs of this Centre,” he said. Deputy PM Nhan also affirmed the country’s viewpoint that sustainable sustainable development is the consistent goal in the current and future national development and thus has pursued Agenda 21 as well … [Read more...] about Vietnam initiates green economic centre at Rio 20
A green pathway to change
Global efforts to combat anthropogenic climate change are already leading to significant changes both in aid/financial assistance and investments flows as well in the nature of these flows. The Ministry of Planning and Investment (MPI) has been working on mainstreaming sustainable development and developed relevant socio-economic development plan (SEDP) indicators. Climate financing could enable Vietnam to improve the growth quality and meet sustainable development indicators, write Nguyen Tuan Anh, Johan Kiet and Nguyen Dieu Trinh. Green growth will enable the implementation of current commitments and addressing challenges of future development. The related additional finance enhances progress on improving environmental management and generates new employment and growth while contributing to global climate change mitigation efforts as outlined in the Cancun accords. Domestically, Vietnam has recently reaffirmed commitment to improved quality of growth. The MPI is leading … [Read more...] about A green pathway to change