VietNamNet Bridge - Fulbright University estimates that Vietnam’s informal economic sector makes up 25-30 percent of total GDP and has 57 percent of total number of workers, but the General Statistics Office (GSO) believes that the informal sector is not that large. How big is Vietnam's informal economic sector?Nguyen Bich Lam, Director General GSO at a conference to review the activities of the Ministry of Planning and Investment (MPI) on January 15 said MPI will submit a scheme on informal economic statistics to the Prime Minister for approval this year. The operation of the informal business sector contributed to the economy, but it was not yet accounted for in calculating GDP.According to Thien Anh Tuan from Fulbright Economics Teaching Program (FETP), there are underground, informal and illegal sectors. The state still cannot classify, record, monitor and the sectors and underground doesn’t always mean ‘illegal’.Complicated and unclear regulations … [Read more...] about How big is Vietnam’s informal economic sector?
How long is hadrians wall
MELBOURNE — Age-defying Roger Federer says after winning his third Grand Slam title in a year he has no idea how long he will continue playing. The 36-year-old Swiss marvel continues to defy the years and attrition rate, reaching his 30th Grand Slam decider and claiming his sixth Australian crown and 20th Grand Slam title. The world No 2 won back-to-back Australian Opens by beating Marin Cilic 6-2, 6-7 (5/7), 6-3, 3-6, 6-1 on Sunday, dropping his only sets of a stress-free tournament. Federer, who downed great rival Rafael Nadal in a classic five-set Australian final last year, eased through this year’s event with five of his seven matches finishing on or under two hours and he spent just a total of 13hr 53min on court. Asked after his Melbourne triumph how much longer he can continue at the summit of men’s tennis, he replied: "No idea. Honest, I don’t know. I have no idea. "I’ve won three slams now in 12 months. I can’t believe it myself. I just got … [Read more...] about Federer ’no idea’ how long he will go on
How long Resolution 11 will be kept in place is the question Professor David Dapice - Photo: Kinh Luan The Government’s Resolution 11 was issued on February 24 this year to tame inflation and stabilize the macro economy. The Saigon Times Daily had an email talk with Professor David Dapice, a professor of economics at Tufts University and an economist with the Vietnam Program at Harvard University’s John F. Kennedy School of Government, over the Government move. The Saigon Times Daily: Do you think the new package of measures under Resolution 11 will eventually bear fruit? - Professor David Dapice: The problem is not if the February measures (Resolution 11) will work, but how long it will be kept in place. Recent growth has been driven by SOE (State-owned enterprise) and real estate investment, both of which rely on rapid credit growth. If a real slowdown emerges, it is likely that there will be fierce pressures to reignite credit growth again and if that happened, then … [Read more...] about How long Resolution 11 will be kept in place is the question
VietNamNet Bridge - The Vietnamese business community thinks the value of tea and energy-drink manufacturer Tan Hiep Phat has decreased to $500 million due to the infamous fly-in-the-bottle scandal. In late April 2016, a rumor spread that Tan Hiep Phat was taken over by a company in the same business field at a low price. Meanwhile, according to the Wall Street Journal (WSJ), Tan Hiep Phat wants foreign investors to invest in the company valued at $2 billion. In the past, when Tan Hiep Phat was in its golden days, it was valued by Coca Cola at $2.1 billion. Tan Hiep Phat is one of very few Vietnamese owned companies in the drink sector which has outstanding capability with revenue of approximately VND10 trillion and 10,000 workers. It is believed to hold the second largest market share, after the Suntory PepsiCo. The Vietnamese business community thinks the value of tea and energy-drink manufacturer Tan Hiep Phat has decreased to $500 million due to the infamous fly-in-the-bottle … [Read more...] about How much is Tan Hiep Phat worth?
A rally in U.S. crude oil prices recently has put the market on its firmest footing since the rout started in 2014, with the spread between prices for near-term delivery and future delivery narrowing, suggesting the worst of the supply glut may be over. Oil prices in global markets have been lifted in the past week by news of falling U.S. production and output disruptions in Canada and Nigeria. The production cuts are seen helping to rebalance a market awash with excess crude oil, pushing up prices for NYMEX June futures delivery CLc1 up as much as 11 percent in the last four days. It settled on Monday at $47.72 a barrel. Traders are watching the relationship between futures contracts expiring later this year and similar contracts expiring in late 2018. The spread, or contango, has narrowed to its smallest margin since November 2014. The narrowing contango suggests excess supply is finally being reduced after years of overproduction, but if U.S. shale producers ramp up drilling … [Read more...] about Oil rally suggests supply worries wane, but for how long?