Hanoi (VNA) - The ASEAN Economic Community gets a lot of mention these days, but ASEAN’s journey of economic integration has actually been underway for decades. The economic linkages that bind ASEAN together have taken root through different channels over time. This includes different ASEAN countries sharing complementary roles in manufacturing, the improved ease in moving products across borders, and other mechanisms that facilitate the smoother flow of goods, services and capital, and skilled labour across the region. This contributes to the narrative of ASEAN being one of the most dynamic regions in the world, and a key contributor to world economic growth. Economic integration —and the doors of opportunity it opens— has brought concrete financial and economic benefits to hundreds of millions of people in ASEAN. If it were a single country, ASEAN would be the seventh largest economy in the world and the third largest in Asia. From 2007 to 2014, its combined GDP … [Read more...] about Bản in : The Journey to economic integration
Largest economy in the world 2015
VietNamNet Bridge - It is still too early to say how the ASEAN Economic Community (AEC) has affected Vietnam's economy. In the last eight months, since the AEC took shape, Vietnam has encountered many difficulties. Import/export One of the goals AEC is to boost internal trade, while Vietnam is believed to be one of the biggest beneficiaries. However, the import/export turnover to/from ASEAN market decreased in the last seven months, according to General Statics Office (GSO). Vietnam’s total export turnover to ASEAN in the first seven months of the year was $9.582 billion, decreasing by 12.3 percent compared with the same period one year before. Meanwhile, the total turnover of the imports from ASEAN was $13.215 billion, a 5.1 percent decrease compared with 2015’s first seven months. In the Vietnam-ASEAN trade, Vietnam continued witnessing trade deficit, about $3.6 billion. It is still too early to say how the ASEAN Economic Community (AEC) has affected Vietnam's … [Read more...] about How has the ‘new tiger’ Vietnam fared in the AEC?
Related News Vietnam’s GDP growth to slow next year: ADB June. 17, 2016 Drought and fish deaths rock Vietnam's economy in first half of 2016 By An Hong  June 30, 2016 | 12:26 pm GMT+7 Vietnam's economy slowed in the first half of 2016 after a historic drought took a heavy toll on the country’s agricultural sector, while mass fish deaths along the central coastal provinces added to economic losses. Vietnam’s gross domestic product growth dropped to an estimated 5.52 percent in the first six months while the figure for the same period last year was 6.32 percent, the government's statistics office said. The country’s economy grew a total 6.68 percent in 2015, the fastest pace since 2007, due mainly to strong commodity exports and record foreign investment in the manufacturing sector. "World commodity prices remain low, trade and global investment lack driving forces, capital flows are declining and the unpredictable upheavals in the … [Read more...] about Drought and fish deaths rock Vietnam’s economy in first half of 2016
(CPV) - Never before in the course of human history have animals gone extinct at the rate they do today. We are now in the midst of the planet’s sixth mass extinction event with an extinction rate unparalleled since the disappearance of the dinosaurs 65 million years ago. Unlike the five pre-human extinction events, this one is not caused by natural climatic shifts, asteroids or volcanic eruptions. It is caused by people. We are polluting ecosystems and destroying habitats with new cities and overflowing landfills. We are altering the entire planet's climate as we guzzle fossil fuels and pump carbon dioxide into the atmosphere. We are poaching animals from the wild, killing thousands of individuals to feed human demand for exotic meat, pets, medicinal products and trophies. Wildlife poaching and trafficking have reached historical levels, making wildlife crime one of the main contributors to today’s catastrophic loss of animal and plant species. Here in Vietnam, we have … [Read more...] about Human being in the midst of the planet’s sixth mass extinction event
The Hanoitimes - Along with Singapore, Thailand and Indonesia, the International Monetary Fund (IMF) said that Vietnam will continue to be the national growth impetus for the region. In the report "Economic Prospects in Asia - Pacific" that was recently published, the IMF appreciated Vietnam's growth. Accordingly, the IMF predicts that Vietnam's economic growth will be at 6.3% in 2016 and 6.2% in 2017, much higher than the average level of 5.3% in Asia. According to IMF, the 2nd largest economy in the world - China will remain an important driving force for global growth forecast to 6.5% in 2016 and 6.2% in 2017, down from the 6.9% of 2015, the lowest figure in the last 25 years. The deceleration of economic growth in China will make trade and commodity prices in the Asian nation that affected prices downward. Meanwhile, the Japanese economy has been halved growth to 0.5% -0.1% in 2016 and 2017 due to the increase in consumption tax as well as the issue of aging population and … [Read more...] about IMF: Vietnam is still the leader of Southeast Asian economy