Trade wars

Viewed from the supply side, the foreign direct investment (FDI) sector has over the years contributed around 20% of Vietnam’s GDP and has generated a growth rate much higher than the national growth rate. There has existed also a response lag between registered FDI capital and the actual growth of this sector in the years that follow. During 2018 and 2019, the growth of registered FDI capital in Vietnam—excluding transactions in share purchases or capital contribution to operational company—tended to decline. Therefore, the FDI sector’s growth may decelerate in the few years to come. … [Read more...] about Not too many macro fluctuations expected for 2020

Vietnam, as a result, became a highlight, which drew attention from the international community and investors in the rather bleak context of the global economy overshadowed by the Sino-U.S. trade war. This soon led to developments that were favorable for the balance of foreign currency supply and demand from the basic activities in the economy, such as a trade surplus amounting to US$9.9 billion, remittances estimated at US$16.7 billion, and foreign investment disbursement set at US$20 billion and indirect investment at over US$4 billion. … [Read more...] about Peacetime in sight for the dong

Hanoi, (VNA) – The northern border defence war in 1979 has demonstrated Vietnam’s strength and intelligence in critical situations. The art of command during that war is analysed in an article by Associate Professor and Doctor Ho Khang, former deputy director of the Vietnam Military History Institute. In early 1979, when the Vietnam People’s Army toppled the reactionary Pol Pot regime in Cambodia and helped the Cambodian people escape from genocide, the Chinese Government joined some Western countries in launching propaganda campaigns distorting the presence of the Vietnamese voluntary troops in Cambodia, with the aim of sabotaging Vietnam’s revolution and imposing its interest on the Indochina peninsula. As both political and diplomatic pressure failed to produce the desired goal, Chinese leaders mobilized around 600,000 troops along with hundreds of tanks and armoured vehicles to open a direct attack on February 17, 1979 on Vietnam along the full length of … [Read more...] about Art of command in 1979 northern border defence war

Moscow (VNA) – Lieut. Gen Porfiry Ivashko, one of the first experts and advisors of the former Soviet Union (now Russia) sent to Vietnam right after the northern border defence war began in the country 40 years ago (February 17, 1979), has asserted the just struggle of Vietnamese people.   In an interview with the Vietnam News Agency (VNA) on the occasion of the 40th anniversary of Vietnam’s war to defend its northern border, Porfiry Ivashko said before being dispatched to Vietnam in February 1979, he spent time learning about the history, land and people of the Southeast Asian nation.  He highlighted the time-honoured friendship between Vietnam and the Soviet Union, and Soviet Union people’s material and spiritual support to Vietnam during resistance wars against invasion as well as their comprehensive assistance to the country in the northern border defence war. Vietnam soldiers were very smart and could apply new military knowledge and … [Read more...] about Russian Lieut Gen affirms just war of Vietnamese people to defence northern border

Moscow (VNA) – The war to defend the northern border of Vietnamese people 40 years ago (February 17, 1949) was spotlighted in a recent seminar held at the Ho Chi Minh Institute under Saint Petersburg State University of Russia. In his remarks, Professor Vladimir Kolotov, head of the institute, recalled the struggle and cited memoirs of Gennady Obaturov, chief military advisor to the Vietnamese Ministry of National Defence during the war, helping participating students understand more about the whole-hearted support of experts of the Soviet Union (now Russia) to Vietnam at that time. The brief but fierce war is still in the mind of those who lived during the period, the Professor said. Russian students from Saint Petersburg State University enthusiastically participated in the discussion. Doussia Kalganova, a third-year student, expressed her love for Vietnamese land and people, saying the seminar has helped Russian youths learn more about Vietnam, and brought young people … [Read more...] about Seminar sheds light on northern border defence war