According to economic expert Dr. Ngo Tri Long, there has yet to be indications of growth in the second quarter of the year in terms of both the global and Vietnamese economies due to the complicated developments of the COVID-19 epidemic. In the current context, keeping a check on the disease and continuing to stabilize production and business activities should be the top priority for the time being. … [Read more...] about Solutions for Vietnam to maintain its current economic growth
Obstacles to economic development
A report released by the GSO indicates that the year’s first quarter saw the economy’s growth slow in three sectors: agriculture-forestry-fishery, service, along with industrial and construction. Lam says that during the reviewed period only a limited number of service industries were able to successfully maintain stable growth rates, including banking and finance, insurance, information communication, health care, and social assistance activities. The growth from these sectors can be considered as positive signs which helped the national economy temporarily escape the risk of stalling. … [Read more...] about Solutions for Vietnam to maintain its economic growth
Technology is filling up empty spaces, Mr. Lee from GS Shop commented, creating more advanced industries and growing them rapidly. People in Vietnam can open their first bank account and take out their first loan via a mobile bank, not a branch. P2P lending and e-wallet services also make financial services available without a bank. … [Read more...] about Vietnam’s IT and finance catching South Korean attention
This is a worry shared by Prof Portes, who points out that: "The London G20 Summit of 2009 agreed a $1tn (£800bn) package of international cooperation, even Germany joined in. But now there is no leadership in the G20, and the USA is absent from the international scene." … [Read more...] about Will coronavirus reverse globalisation?
The total investment is VNĐ7.8 trillion (US$332 million) including VNĐ5.6 trillion (US$238 million) from official development assistance (ODA), VNĐ227 billion ($9.6 million) from the State Secretariat for Economic Affairs (SECO) and VNĐ1.9 trillion ($80.9 million) from reciprocal capital. … [Read more...] about Cần Thơ speeds up work on massive urban project