Tien stated that recent months has seen ASEAN countries take their own measures to control the COVID-19 pandemic, as well as respond in different ways to the negative economic impacts of the pandemic. However, the COVID-19 pandemic is not merely a medical crisis, but also a crisis for growth due to the disruption caused to international trade and supply chains. … [Read more...] about AIPA-41 underlines role of parliaments in post-pandemic economic recovery
How much economic growth differs around the world
ICAEW: Vietnam is expected to be the only South-East Asian economy to record positive growth this year
The strength of the rebound in economic activity over the coming quarters in South-East Asia remains uncertain, particularly in the fourth quarter of 2020, after the expected initial strong bounce in global trade and domestic activity post-lockdowns has faded. Additionally, varying success rates in containing the Covid-19 outbreak, and differing lockdown exit strategies will widen the disparities in economic growth in the region. Economies which have convincingly contained the outbreak such as Thailand and Vietnam will see a stronger recovery than Indonesia and the Philippines, which are battling new waves of Covid-19 outbreak after restrictions were prematurely relaxed. … [Read more...] about ICAEW: Vietnam is expected to be the only South-East Asian economy to record positive growth this year
ASEAN 2020: sub-regional development on table on AMM-53 first working day
They suggested ASEAN nations focus on different aspects of each sub-region such as boosting regional linkage, human resources development, public-private partnership (PPP), reshaping regional supply chain, and taking advantages of science and technology and digital economic development. … [Read more...] about ASEAN 2020: sub-regional development on table on AMM-53 first working day
Carbon pricing instrument should be driven by national conditions
According to the representative, the private sector has the highest contribution to economic growth, accounting for about 40 per cent of GDP, attracting over 80 per cent of the national labour force. During 2010-2015, private investment into energy efficiency projects and solutions was from $100-230 million per industry, in which the four industries of steel, cement, paper, and sugar cane invested $627.8 million. However, he also affirmed that the private sector has a limited budget while the financial regime is still strict and sometimes difficult for this sector. Therefore, carbon pricing requires a transparent legal framework which encourages private investment. Besides, public financial lever for private investment should be strengthened. … [Read more...] about Carbon pricing instrument should be driven by national conditions
There are many talented Vietnamese, but they have not become the country’s resources
In the book "My Vision: Challenges in the Race for Excellence", the author (Mohammed bin Rashid Al Maktoum - Vice President and Prime Minister of the United Arab Emirates, and ruler of the Emirate of Dubai) wrote one thing that I have great sympathy for: “With each new day in Africa, a gazelle wakes up knowing he must outrun the fastest lion or perish. At the same time, a lion stirs and stretches, knowing he must outrun the fastest gazelle or starve. It is no different for the human race. Whether you consider yourself a gazelle or a lion, you simply have to run faster than others to survive.” That shows the mindset of being always at the forefront, always the number one. … [Read more...] about There are many talented Vietnamese, but they have not become the country’s resources
