(VOVworld) - An international conference called Vietnam Forum 2016 was held for the first time in Singapore to review and examine how Doi Moi renewal policy has changed Vietnam over the past 30 years and its national and regional implications. The two-day meeting brought together scholars from around the world, representatives of several embassies, and international correspondents. Tan Chin Tiong, the Director of the Institute of Southeast Asian Studies (ISEAS), said Vietnam has made many important achievements over the past 30 years but is also facing challenges that are how to maintain the results for future growth. Economists discussed the development of private businesses in Vietnam and the changes of state-owned enterprises. They agreed that Vietnam needs to boost the growth of the private sector and the reform of the state sector to turn it into a pivotal factor to the national economy toward sustainable development. … [Read more...] about Vietnam Forum 2016
Vietnam economy 2016
Vietnam among 2016’s best economic performers: Bloomberg survey
Vietnam was forecast to reach an economic growth rate of 6.6 percent in 2016 just behind India with 7.4-percent growth, said economists in the survey on the world's worst-performing economies in 2016 carried out by Bloomberg. With such a growth rate, Vietnam will be the best economic performer in Southeast Asia, followed by the Philippines (6 percent), the Nhan Dan newspaper cited Bloomberg’s forecast. A growth rate of 5.2 percent is predicted for Indonesia, while a 4.5-percent growth rate is forecast for Malaysia; 3.2 percent for Thailand; and 2.3 percent for Singapore. The top ten performers for 2016 also included Bangladesh (6.6 percent), China (6.5 percent), Sri Lanka (6.4 percent), Kenya (6.1 percent), Panama (6.1 percent), the Philippines (6 percent), Uganda (5.6 percent) and Dominica (5.4 percent). In the Bloomberg analysis, 2016 will only bring more disappointment with Venezuela being the worst performers of any of the 93 surveyed countries, followed by Brazil, … [Read more...] about Vietnam among 2016’s best economic performers: Bloomberg survey
Vietnam economy will grow 5.5 pct this year: World Bank
Vietnam's growth is expected to rise modestly to 5.5 percent in 2014 in the absence of visible progress in addressing structural problems, the World Bank said in a recent report. The trade and current accounts are expected to remain in surplus this year, although by a smaller amount than in 2013. Meanwhile, inflation is likely to stay within the government target of 7 percent in 2014 given the modest credit growth and assuming that no major supply-side shocks materialize, the Washington-based lender said in the East Asia Pacific Economic Update released Monday. Vietnam's economy expanded 5.4 percent last year from 5.3 percent in 2012. Inflation slowed to 6.6 percent in 2013 from 9.1 percent in 2012. The bank said Vietnam's economy returned to a relatively stable macroeconomic environment during the last two years compared to the tumultuous period of 2007-11 thanks to measures like reducing inflation, strengthening external accounts, and stabilizing the foreign exchange market. It … [Read more...] about Vietnam economy will grow 5.5 pct this year: World Bank
UK will end aid to Vietnam by 2016
As a result of the Bilateral Aid Review, the UK will continue to support Vietnam during the last five years of the 10-year Development Partnership Arrangement (DPA, 2006-2016), in the context of the high level UK - Vietnam Strategic Partnership signed in September last year. As Vietnam is now a vibrant, emerging economy, a tremendous achievement, we will end our bilateral development programme in Vietnam by 2016, to redirect our aid to poorer countries that will need it more. Until 2016, the UK will continue to support Vietnam to meet the MDG targets in primary education, sanitation, and HIV/AIDS, and to increase our focus on emerging issues like climate change, governance, and trade/investment to ensure the sustainability of our interventions, beyond the UK's aid presence. The announcement of the end of UK aid is being made 5 years before aid will end in recognition of the respect and trust between the two Governments, and we will hold further Ministerial level meetings soon to … [Read more...] about UK will end aid to Vietnam by 2016
Vietnam’s Economy 2016: Competitiveness and Challenges
Vietnam has actively participated in negotiations to sign Free Trade Agreements so Vietnam’s economy will integrate more intensively into the world’s economy in 2016. When Vietnam joined the ASEAN Community, including the ASEAN Economic Community (AEC) on December 31, 2015, it faced three challenges, including the free movement of products, investment and high-skilled labour. This means that qualified professionals can apply for jobs in other ASEAN countries and companies can search for qualified personnel from the community to meet their staffing needs. Without higher competitiveness, Vietnamese people may lose jobs right in "their playing field" and the recent recruitment of Vietnam Airlines’s flight attendants is proof. Previously, the national airline only recruited their staff in country, now it can look for candidates from different countries in ASEAN. Furthermore, in 2016 Vietnam will start implementing the Vietnam - RoK Free Trade Agreement which takes … [Read more...] about Vietnam’s Economy 2016: Competitiveness and Challenges