Role agriculture in economic development

The 2019 Human Development Report, published by the United Nations Development Program (UNDP), used data from 189 countries and territories to rank them based on the three HDI components of longevity, education and per capita income. Vietnam's 2018 HDI was 0.693, placing it 118th in the ranking and in the upper end of the Medium Human Development group, the report says. It notes that from 1990 to 2018, Vietnam had an average annual HDI growth of 1.36 percent, the 20th best rate of all countries and territories. Vietnam's growth was also the fourth fastest in Southeast Asia, behind Laos (1.49 percent), Cambodia (1.49 percent) and Myanmar (1.85 percent). In the covered period, life expectancy in Vietnam increased by 4.8 years, its mean years of schooling by 4.3 years, its expected years of schooling by 4.9 years and its Gross National Income per capita by 354.5 percent. Meanwhile, Vietnam's loss of HDI value and income due to inequality in 2018 was 16.3 and 18.1 percent, respectively, … [Read more...] about Vietnam strides forward in human development index growth

National Assembly Chairwoman Nguyen Thi Kim Ngan on December 11 (local time) met with leader of the Communist Party of the Russian Federation (KPRF) Gennady Zyuganov. (Photo: VNA) Moscow (VNA) – National Assembly Chairwoman Nguyen Thi Kim Ngan on December 11 (local time) met with leader of the Communist Party of the Russian Federation (KPRF) Gennady Zyuganov as part of her official visit to Russia. Ngan informed the KPRF leader about Vietnam’s socio-economic development over the past time, saying Vietnam has maintained its marked growth in the Association of Southeast Asian Nations (ASEAN). To spur the national economic development, the Communist Party of Vietnam (CPV) has set forth three strategies on improving institutions, personnel and infrastructure, she said. Zyuganov congratulated Vietnam on outstanding socio-economic achievements the country has recorded, and lauded the CPV’s leadership. Vietnam is one of the priorities in Russia’s foreign … [Read more...] about Top legislator meets leader of Communist Party of Russian Federation

The global trade dispute has facilitated more manufacturing into Vietnam, but that trend originated much earlier Each industrial location has its own strengths. Generally, you will find the best industrial park developers in provinces with superior master planning and more successful foreign direct investment attraction policies. Identifying suitable locations for industrial property is dependent on the client’s requirements, business model, the types of property available or needed, and the location itself. Paul Tonkes, director of Industrial & Logistics Services at Cushman & Wakefield Vietnam Vietnam has three key economic zones with high levels of manufacturing, with the following two contributing close to 80 per cent of Vietnam’s GDP: ● Southern economic region: Ho Chi Minh City, Binh Duong, Dong Nai, Long An, Binh Phuoc, Tay Ninh, Ba Ria-Vung Tau, and Tien Giang. ● Northern economic region: Haiphong, Hanoi, Quang Ninh, Hai Duong, Hung … [Read more...] about Identifying apt locations for industrial property

Tran Thap Kieu Quan, CFA Head of Fixed Income, Eastspring Vietnam Eastspring has since built an unparalleled on-the-ground presence in 11 Asian markets as well as distribution offices in North America and Europe. Eastspring Vietnam, formerly known as Prudential Vietnam Fund Management Company, was established in 2005 and re-branded in 2011. Eastspring Vietnam applies a long-term value-oriented investment philosophy to its investment funds and portfolios for both institutional and retail clients who are domiciled both offshore and onshore in Vietnam, with total assets under management currently exceeding around VND100 trillion ($4.34 billion). Promising corporate debt market Vietnam’s domestic bond market has grown substantially since 2012. By 2018, its size had more than doubled, equalling 39 per cent of the country’s GDP. The corporate bond market has also expanded almost five-fold in this time, hitting $6.2 billion by 2018. This expansion has not only been driven by … [Read more...] about Invested in the future of corporate bond market

At the opening ceremony, Mr. Nguyen Thanh Phong, chairman of HCMC People’s Committee, said that industrial processing and manufacturing industry is considered as key economic industry of the city. The city has implemented several solutions to support and create favorable conditions for enterprises in this field to develop. Of which, investment stimulation program is for supporting industry sector only, hereby helping enterprises to invest in upgrading machinery and equipment and improving competitiveness. However, he also said that, in order to participate deeply and sustainably into global supply chain, domestic enterprises need to improve productivity, upgrade technology towards environmental protection. The city will increase activities to promote and connect supporting industry enterprises in the city with end-to-end and foreign direct investment enterprises to create conditions and opportunities for the city’s supporting industry to develop. So far, the city has … [Read more...] about HCMC supporting industry seeks market, cooperation