Vice President of the Asia Society Policy Institute (ASPI) Wendy Cutler (Photo: Asia Society) New York (VNA) – Vietnam is a silver lining in the Asian economy in 2019, according to Vice President of the Asia Society Policy Institute (ASPI) Wendy Cutler. Speaking at a recent workshop on the future of Asia held by the ASPI in New York, the official said Vietnam has emerged as a silver lining in the regional economy with an economic growth of over 6 percent over the past two years. She also highlighted opportunities the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) will bring to the Southeast Asian country, adding that as one of the first six countries to sign the deal, Vietnam could optimise benefits from the CPTPP. In mid-November, the Conference Board economic consultancy organisation predicted Vietnam will be a bright spot in the global economy and have plenty of room to boost economic growth in 2019. According to the organisation, the … [Read more...] about Vietnam a silver lining in Asian economy: Asia Society
Economy and society
Reconciling Interest of Businesses and Society When the bar is not set for doing business, not only consumers but the society and economy at large suffers. Thus, it is necessary to establish a standard for business dealing in an ethical manner. The current situation is the result of a lack of a common standard. Banks and the story of selfishness In 2011, many businesses were facing difficulties because there was neither new contract and nor capital. There are even businesses with new contracts but no capital to perform the contracts' obligation. While the economy was lackluster, banks posted astronomical profits. During the first eight months of 2012, though they always complained about the difficulty of capital disbursement, and while the credit growth rate was a mere 1.4 percent given the annual target of 15-17 percent per year, banks still posted healthy profit. There are banks such as Eximbank, ACB and OCB whose profits surged to the tune of thousands of billions of VND. … [Read more...] about Reconciling Interest of Businesses and Society
Green Economy and Challenges on Way to Sustainable Growth The recent United Nations Conference on Sustainable Development, commonly known as Rio +20, took place in Rio de Janeiro, Brazil with the participation of more than 90 heads of state and delegates from 191 out of 193 UN member states. This is considered a golden opportunity for the world to achieve consensus on new measures to stimulate growth, eradicate hunger, protect the environment and attain sustainable development. Deputy Prime Minister Nguyen Thien Nhan led the Vietnam delegation. Challenging road Sustainable development is a certain tendency in the process of social development, a strategic choice that all countries must care about. Indeed, the world is now confronting enormous challenges like financial and economic crisis, energy and food price volatility, food shortage, climate change, and loss of biodiversity. Besides, elements of unsustainable development have also intensified pressures on limited natural … [Read more...] about Green Economy and Challenges on Way to Sustainable Growth
Green Economy and Sustainable Development: Which Option for Vietnam? In response to World Environment Day (June 5), Quang Ninh province, the Ministry of Natural Resources and Vietnam General Confederation of Labour recently held a seminar entitled “Green Economy and Sustainable Development”. The program showed clearly the basic advantages and challenges for Vietnam, and gave specific measures to build a green economy and enterprises in the future. Many approaching points of view Green economy is the important content of sustainable development and poverty reduction. This concept was first discussed at the UN conference on sustainable development (Rio+20). This can be regarded as a specific economic system, a natural environment which is eco-friendly and safe for the society. Modernising the green economy includes four key issues: agricultural economy, industrial economy, service economy and knowledge economy. According to the research, the total economic damage of … [Read more...] about Green Economy and Sustainable Development: Which Option for Vietnam?
PANO - The 3rd festival of Phu Tho province's Xoan singing and folk songs takes place from April 14th to 19th as part of the activities to honour the Hung Kings worship ritual as an Intangible Cultural Heritage of Humanity. At the event, 13 cultural camps, representing 13 provincial districts and towns, highlight the special features in architecture, culture and achievements on economy and society of Phu Tho province, including the traditional stilt house and special designs on bronze drums. In addition, 28 Xoan singing and folk song teams also participate in the festival, giving performances for local people and tourists. The festival aims to review the preservation and promotion of Xoan singing after UNESCO's recognition of it as an Intangible Cultural Heritage of Humanity. Translated by Nguyen Thao … [Read more...] about Festival of Phu Tho Province’s Xoan singing and folk songs opens