Chinas economic collapse

The Covid-19 crisis continues to represent an immediate threat to both individual safety and businesses, reflecting why pandemic outbreak has rocketed 15 positions up to #2 in the global rankings at the expense of other risks. Prior to 2021, it had never finished higher than #16 in 10 years of the Allianz Risk Barometer, a clearly underestimated risk. However, in 2021, it's the number one risk in 16 countries and among the three biggest risks across all continents and in 35 out of the 38 countries which qualify for a top 10 risks analysis. Japan, South Korea and Ghana are the only exceptions. China is the only country in Asia Pacific where Pandemic outbreak is not a new risk as it was ranked #7 in 2020. … [Read more...] about Allianz Risk Barometer 2021: Pandemic outbreak overtakes Business Interruption as top business risk in China

Asked what Vietnam should do in the next development period, Cuong from ADB said Vietnam needs to continue the process of shifting to a market economy. It is necessary to encourage the development of the private sector, because only a dynamic private sector will help Vietnam overcome difficulties. … [Read more...] about Vietnam shows its ‘firm stuff’ after five years of difficulties

In another case, Nam Dinh Department of Planning and Investment (DPI), also beset by natural disasters, has also advanced the province’s plan on integrating DRR-CCA into its SDP 2021-2025. Under the plan, the provincial People’s Committee enacted a directive which must be integrated with DRR-CCA. At that point, the DPI promulgates a related guideline. After that, the plan will be discussed with comments from the Ministry of Planning and Investment. Thereafter it will be submitted to the committee before being implemented by districts which will have to make their own plans of the types including DRR-CCA integration. … [Read more...] about Equipping localities in climate fight

The Ministry of Industry and Trade advised local businesses that export agro and seafood products to China to step up monitoring the quality of goods and compliance with China’s regulations on quality standards, quarantine and food safety aimed at facilitating customs clearance procedures. … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 26

The signing ceremony of the Memoranda of Understanding on stock exchange Statistics from the General Department of Vietnam Customs show bilateral trade last year hit 478.33 million USD, a year-on-year increase of 29.48 percent. Of the total, Vietnamese exports to Ukraine brought back USD 284.8 million, up 15.04 percent, while imports from Ukraine rose 58.81 percent to USD 193.5 million. … [Read more...] about Vietnam, Ukraine beef up trade cooperation