The year 2016 has drifted to an end and marked with complicated and unpredictable situations in the region and the world, in addition to the unstable global economy and the lowest economic growth in recent years. The populist and nationalist movements have grown. The Brexit and political changes in many other countries occurred unpredictably. The process of globalization and international integration is now facing new challenges. Strategic competition and force gathering among powers have become complicated, having multi-dimensional impacts on small and medium countries. Many hotspots in the Middle East, East Asia, and South Asia continue remain at a standstill, and on the verge of outburst. Territorial, maritime, and natural resources disputes remain fierce while nontraditional security challenges such as climate change, water security, cyber security, migration, terrorism, etc. have emerged harshly, threatening the security and stability of many countries, including Viet Nam. In … [Read more...] about The most important diplomatic task in 2017: Foreign Minister
Which state has the most presidents
Vietnam: the most successful reform of business and investment environment
CPV: In 2004, Vietnam ranked 3rd in the list of the most active performer in the world in the areas concerning the business environment, announced the World Bank. Vietnam is also one of those countries which have come out of a very complicated business environment and is making step by step progress. In recent years, the country has step by step improved the regulatory complexity of Vietnam's business laws and regulations. Vietnam improved its business registration process last year and shortened the time it takes to register a simple enterprise by about 10 days. Speaking in a conference in Hanoi relating to business environment of Vietnam, Dr. Michael Klein, Vice President for Private Sector Development of the World Bank and International Finance Corporation (IFC) and Chief Economist of the IFC expressed his optimism about Vietnam's prospects of development. He said that Vietnam is one of the fastest growing economies in the world. Both foreign and local investors are very interested … [Read more...] about Vietnam: the most successful reform of business and investment environment
Vietnam’s Economy Has Undergone Most Difficult Period
Photo: original Vietnam’s economy has overcome the most difficult period, yet the targeted growth rate will, just barely, not be reached, and interest rates will tend downwards, said a member of the National Financial and Monetary Consultancy Council, and Deputy President of Ho Chi Minh City Economics University, Associate Professor Tran Hang Ngan. Reporter:Do you reckon inflation is under control? What do you think will be the trend of the CIP in coming months?Doctor Ngan: Inflation is going down. The CIP in the first 6 months of the year was 20.34 per cent, or 3.39 per cent per month on average, that in July was only 1.13 per cent and will be between 1.5 and 1.8 per cent in August despite the lowering of petrol prices. Prices of many goods, especially petroleum products and building materials are falling. I believe the CPI in September and later months will be around 1 per cent. According to the inflation statistics of several international organizations, Vietnam’s … [Read more...] about Vietnam’s Economy Has Undergone Most Difficult Period
Nguyen Van Thang: Youngest bank president is new member of Party’s Central Committee
VietNamNet Bridge - He is the youngest president of a large commercial bank and one of the youngest members of the Communist Party Central Committee newly elected for a 12-year term. He was born in 1973. In early 2014, VietinBank’s shareholders were worried as Pham Huy Hung, who was then the chair of the board of directors and considered the ‘soul’ of the bank, was about to retire. They argued about who would take the office as the new president of the bank. The answer was found at the 2014 annual shareholders’ meeting held on April 29, where Nguyen Van Thang was appointed the new president to replace Hung, while Le Duc Tho was appointed as the new CEO to replace Nguyen Van Thang. "In a flat world, young people don’t need to wait to get experience, but they can practice themselves and get expertise from the business environment, communication, books and internet,"Nguyen Van Thang, President of VietinBank The appointment satisfied VietinBank’s … [Read more...] about Nguyen Van Thang: Youngest bank president is new member of Party’s Central Committee
‘State-of-the-art’ subterfuge: how Iran kept flying under sanctions
An Iranian flag flutters in front of the International Atomic Energy Agency (IAEA) headquarters in Vienna, Austria, January 15, 2016. REUTERS/LEONHARD FOEGER In December 2012, aircraft trader James Kim received a letter from a company based in Cyprus offering to buy four jetliners. It was brief and to the point. The hitherto unknown firm was "ready, willing and able" to buy four used Airbus A340 jets for which Kim was trying to broker a sale. "I talked to them and when I got the Letter of Intent with an Iranian name, I informed them that a deal was not possible because of sanctions," Kim, managing director of British-based aircraft trading company AvCon Worldwide, told Reuters. The company that tried to buy them, registered in a Nicosia apartment with two directors with names that sounded Iranian, vanished from the radar, Kim said in a telephone interview. The planes, for which there is little demand, remain with their Asian owner but the suspected approach typifies a shadowy … [Read more...] about ‘State-of-the-art’ subterfuge: how Iran kept flying under sanctions