2016 was a successful year for Vietnam, with it continuing its emergence as both a leading ASEAN economy and a global player. Falling commodity and energy prices and severe water shortages early in the year resulted in failure to reach its goal of 6.7 per cent GDP growth, but with 6.2 per cent the country still managed to outpace most of its neighbors. This growth will be fueled in large part by increased trade. While the Trump presidency resulted in a setback due to the US’s withdrawal from the TPP, Vietnam continues to diversify its economic partners, such as through increased ASEAN integration, the proposed Regional Comprehensive Economic Partnership (RCEP), covering 3.4 billion people and which may emerge as an alternative to the TPP), and the EVFTA. The country is becoming increasingly more attractive for foreign investments, as it keeps giving new reasons to invest. Here we analyze Vietnam’s trade in 2016 and identify trends and opportunities for foreign … [Read more...] about Center of attraction
Water shortage definition
A: I have a letter from Robert Gauvin who wrote to us on a snowy night in Ottawa, Canada. He said “winter this year came late to most of Canada. The last few weeks winter has made up for its late arrival. Snow is still falling in early March and the temperature falls below -10DC during the day.” B: From Indonesia, Pak Ning Tjang said the temperature in Binjai is 33 DC. It’s very hot. And Japan is becoming very warm and it’s spring soon, Toshiya Nishimura told us. Robert wrote “I know it doesn’t snow in Vietnam, but how cold can it get? Is the coast colder than in the mainland? How hot does Vietnam also get?” A: Generally Vietnam doesn’t have snow. But earlier this year Vietnam’s northern part recorded the most historic freezing winter in about 40 years with the lowest temperature in some mountain regions dropping to -4DC. Northern provinces such as Lang Son, Lao Cai, Son La, and Ha Giang provinces were blanketed with snow for … [Read more...] about Wednesday April 6, 2016
Vu Trong Hong, chairman of the Vietnam Irrigation Association has warned about the dangers Vietnam could face when Laos build a new hydropower plant on the Mekong River. Laos announced that they were starting the 4,775 GWh per year Pak Beng hydropower project early next year. This will be their third power plant on the Mekong River despite warnings from the Mekong River Commission. "In the future, the Mekong River will die," Vu Trong Hong, chairman of Vietnam Irrigation Association, said. He went on to say that the river would die if other countries continue to build power plants, saying that they are still poor countries and have nothing else to depend on. Vietnam is definitely at a disadvantage as it is located at the mouth of the river. Other countries already dam the water while Vietnam needs suffers from water shortages. He said, that hydropower plants were already a threat to the river’s ecosystem because fish and sediment can't move downstream and there aren’t … [Read more...] about Fears over Mekong River’s future
Where to find ice cream with a twist in Hanoi? By Phieu Linh  June 26, 2016 | 05:27 pm GMT+7 You want an ice cream for baking days? Let's go with us and we will ensure that you not only get your ice cream but you will also "scream" for the strange and delicious ones which have presented themselves in Hanoi's Old Quarter. 1. "Fish" ice cream Don't worry, it tastes nothing like fish. The name just comes from its appearance. The ice cream is held in a fish-shaped waffle cake, so Hanoiains call it fish ice cream. It not only arrouses people's interest with its curious appearance, but also grabs them with the strange combination of yogurt and chocolate. It comes covered with peanuts or almonds. To make it more special, a skewer of fruit is plugged into the ice cream. If yogurt is not to your taste, you can choose to replace it with other flavors, such as green tea. Cost about VND60,000 (nearly $3) Tip: You can find the ice cream at Aboong Cafe, Dao Duy Tu, Hanoi 2. … [Read more...] about Where to find ice cream with a twist in Hanoi?
Vietnam concerned by ageing population International and national population experts agreed with the claims at a workshop to exchange international experience responding to ageing held recently in Ha Noi. The Viet Nam Ageing Survey in 2011 showed that more than 70 per cent of older people were still working with support from their descendants and families, and only nearly 30 per cent of them had pensions and social allowances. Agricultural land is gradually being cut back, and natural disasters are also taking their toll on elderly people's incomes. More than 17 per cent of the elderly live under the poverty line. "Up to 10 per cent of old people live alone, and that puts them at a disadvantage because their families should be there to support them," said Nguyen Van Tan, deputy director of the General Office for Population and Family Planning. The survey also showed that healthcare service for the elderly was also lacking. Only 13 per cent of elderly people in rural areas had … [Read more...] about Vietnam concerned by ageing population