The workshop, jointly held by the Vietnamese Foreign Ministry, the India’s Ministry of External Affairs, and the Economic Research Institute for ASEAN and East Asia (ERIA), is initiated by Vietnam as part of activities to celebrate the 25th anniversary of establishment of dialogue partnership between ASEAN and India.Speaking at the event, Vietnam’s Deputy Foreign Minister Nguyen Quoc Dung emphasized the importance of blue economy in the growth of the world and the region. Indian Ambassador Parvathaneni Harish suggested ASEAN and India step up sustainable economic collaboration on the basis of international law and each side’s advantages and potential. He recommended conducting studies on blue economy, exploiting aquatic resources sustainably and considering the possibility of cooperation in ocean energy. At the workshop, representatives from participating countries hailed the significance of regional and inter-regional collaboration in blue economy, especially in the … [Read more...] about Khanh Hoa hosts ASEAN-India workshop on blue economy
Economy
Building the platform for Vietnamese businesses to integrate into digital economy
Through two sessions on "Digital resources - opportunities and challenges" and "Digital economy in Vietnam - what's new for Vietnamese enterprises”, businesses are provided with information on the value transfer process of traditional telecommunication and other types of internet access, have chance to meet and discuss with experts on opportunities and challenges of Vietnamese enterprises in e-commerce and value-added services on the internet, new business opportunities such as fintech, blockchain. Accordingly, Vietnamese enterprises are aware of the importance of making changes to take the initiative approach to the digital economy.On the sidelines of the Internet Day event 2017, Mr. Nguyen Van Hoc, Director of P.A Vietnam in the South, one of leading domain providers in Vietnam revealed: "In the context of the traditional economy is approaching saturation, electronic or digital economy become a promising trend. To catch up with this new trend, Vietnamese enterprises are facing … [Read more...] about Building the platform for Vietnamese businesses to integrate into digital economy
GDP grows sharply as economy relies on foreign-invested enterprises
VietNamNet Bridge - While government officials and some economists are optimistic about economic performance this year, other analysts say growth is unsustainable because it relies too much on the foreign-invested economic sector.The General Statistics Office (GSO) has reported that GDP grew by 6.41 percent in the first nine months of the year in comparison with the same period last year.The GDP grew by 5.15 percent in the first quarter, and by 6.28 percent in the second, but soared by 7.46 percent in the third quarter. The high 7.46 percent growth rate was described ‘as miraculous as Saint Giong’, a mythical folk hero of Vietnam who grew in size from a boy to a giant hero.GSO commented that the achievements in Q3 give strong impetus for Vietnam to obtain the targeted 6.7 percent growth rate this year.ADB (Asian Development Bank) has lowered the predicted growth rate to 6.3 percent from the initially predicted 6.5 percent.Truong Thanh Duc from the Vietnam International … [Read more...] about GDP grows sharply as economy relies on foreign-invested enterprises
Internet Day 2017: a platform for Vietnamese businesses to integrate into digital economy
Through the two sessions on "Digital Resources–Opportunities and Challenges" and "Digital Economy in Vietnam–What's New for Vietnamese Enterprises,” businesses were provided with information on the value transfer process of traditional telecommunications and other types of Internet access, have a chance to meet and discuss with experts opportunities and challenges facing Vietnamese enterprises in e-commerce and value-added services on the Internet, as well as new business opportunities like fintech and blockchain.Accordingly, Vietnamese enterprises are aware of the importance of making changes to take the initiative to approach the digital economy."As the traditional economy is approaching saturation, the electronic or digital economy has become a promising trend. To catch up with this new trend, Vietnamese enterprises are facing the need to change and update on modern technology applications in the world. A standard .com domain name is actively supporting Vietnamese … [Read more...] about Internet Day 2017: a platform for Vietnamese businesses to integrate into digital economy
Stabilising the economy as year comes to a close
The State Bank of Vietnam has begun taking measures to stabilise prices and the economy as 2010 comes towards an end. The exchange rate of VND against USD is very high now on the black market State Bank of Vietnam Governor Nguyen Van Giau on Thursday issued a directive, mapping out measures regarding monetary and credit policy in an effort to stabilise prices and the macro-economy. The governor said that the monetary and foreign exchange market is not stable at the moment and the country may not reach its credit growth target of 25 percent this year. Under the directive, the governor asked credit institutions in the country to adopt proper measures to attract more capital deposits, avoid using unfair competition methods, and keep the liquidity coverage ratio at a reasonable rate to ensure the payment capacity. They were urged to … [Read more...] about Stabilising the economy as year comes to a close