Through the ratification of the CPTPP, Vietnam will be able to attract even more foreign investment to key technology sectors, Photo: Le Toan Tran Hoang Ngan has spent days studying the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). He is not a negotiator of the deal, but a National Assembly (NA) member from Ho Chi Minh City recently provided with documents related to the agreement, before it was officially discussed at the NA last week. Initially, the deal was formed in 2005 as the Trans-Pacific Partnership (TPP) by Brunei, Chile, New Zealand and Singapore. The US joined the TPP in 2008, and Vietnam quickly followed suit. In January 2017 the US withdrew from the deal, which was then inked in March 2018 under the new name of the CPTPP. “Why was Vietnam invited to join the TPP, though its per capita income is only $2,380, while the average of other member states is $30,000?” asked Ngan, who is also a senior economist. “I think member … [Read more...] about Vietnam gets to grips with CPTPP
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AIA reveals Vietnam facing critical illness ‘financing gap’
AIA Group (AIA) has found that people in Vietnam face a considerable “financing gap” where savings, current levels of insurance, and government health provisions may not be enough to pay for the treatment of critical illnesses such as cancer, heart disease or diabetes. The key findings in the AIA Healthy Living Index 2018 The findings are part of the latest AIA Healthy Living Index Survey (The Survey), the fourth since 2011, which highlights the prevailing health trends, motivations, and concerns for individuals and communities across the Asia-Pacific. In Vietnam, 57 per cent of people are concerned about the potential costs of critical illness. When asked to estimate the cost of treatment for cancer they expect they would have to bear, over half (58 per cent) estimate an amount that would have serious financial implications for them. 58 per cent of people think that the potential costs of critical illness would have serious financial implications for them … [Read more...] about AIA reveals Vietnam facing critical illness ‘financing gap’
Shaping future of Vietnam’s labour
The Vietnamese youth is optimistic about the changes Industry 4.0 will bring, Photo: Le Toan Source: World Economic Forum and Sea, one of Southeast Asia’s leading internet companies Last weeks’ visit to Vietnam by Klaus Schwab, founder and executive chairman of the World Economic Forum (WEF), was quite special. He came to the country with a big gift, a great deal of novel ideas for Vietnam to go forwards sustainably within the unfolding Fourth Industrial Revolution. The gift was the Vietnamese-language version of his world-famous book titled “Shaping the Fourth Industrial Revolution,” which has already been translated into 29 languages. “Shaping the Fourth Industrial Revolution” draws on contributions by more than 200 of the world’s leading technological, economic, and sociological experts to present a practical guide for citizens, business leaders, social influencers, and policy-makers. It outlines the most important dynamics of … [Read more...] about Shaping future of Vietnam’s labour
Vietnam’s steel exports rake in 2.53 billion USD in 7 months
Vietnam’s steel exports rose 40.4 percent year on year to 3.41 million tonnes in the first seven months of the year. (Photo: vneconomy.vn) Hanoi (VNA) – Vietnam’s steel exports rose 40.4 percent year on year to 3.41 million tonnes in the first seven months of the year, raking in 2.53 billion USD, up 56.3 percent. According to the Ministry of Industry and Trade, Cambodia was the largest importer of Vietnamese steel during the January-July period, accounting for 37 percent of the total steel export volume. The country’s steel exports to Cambodia increased by 49 percent in volume and 77.9 per cent in value over the same period last year, reaching 717,572 tonnes, equivalent to 462.73 million USD. Some 532,779 million tonnes were shipped to the US for 452.81 million USD, increasing by 71.6 percent in volume and 81.7 percent in turnover. Shipments to Malaysia escalated 88.5 per cent in volume and 108.6 per cent in value to reach 391,607 tonnes, or 266.98 million … [Read more...] about Vietnam’s steel exports rake in 2.53 billion USD in 7 months
Vietnam face Indonesia in AFF women’s champs
Vietnam national women’s football team are ready to compete at the AFF Women’s Championship 2018. (Photo: bongda.com.vn) Hanoi (VNA) – Vietnam national women’s football team is due to face Indonesia in their first match of Group B of the AFF Women’s Championship 2018 held at Jaka Baring Stadium, Indonesia, on July 3. The team has trained for nearly a week in Palembang, Indonesia to prepare for the event. At present, the team is very comfortable and confident for the upcoming match, said Vietnamese coach Mai Duc Chung. In the match against Indonesia, they will attack with the aim of earning three points, he added. Earlier, host Indonesia were held to a scoreless draw by Singapore, while Myanmar thrashed the Philippines 4-0 in an earlier match of Group B. The AFF event is taking place in Indonesia from June 30 to July 13. Vietnam are in Group B alongside Myanmar, the Philippines, Singapore and the hosts Indonesia. Group A features Thailand, Australia, … [Read more...] about Vietnam face Indonesia in AFF women’s champs