PwC Vietnam's general director shared her expert views with the audience at the Vietnam, Business Summit 2018 Growth in ASEAN David Wijeratne Last year marked the 50th anniversary of the Association of Southeast Asian Nations (ASEAN), a unique achievement considering the regional conflicts and poverty which characterised the region in the first half of the 20th century. The ASEAN’s remarkable growth journey to become the world’s sixth-largest economy has been powered by its people, with the establishment of a formidable labour force and the subsequent creation of a wealthier middle class which has driven domestic consumption. Challenges to ASEAN’s growth However, against this backdrop, questions have been raised about the sustainability of the ASEAN growth story. Global economic growth has slowed in recent years and this has impacted all markets across the ASEAN. GDP growth in Singapore (or the developed ASEAN) dropped below the global average to 2.0 per … [Read more...] about Time to act for the future of ASEAN
The wealth management association
In Briefs (25-03-2008) Seminar teaches skills to spread the wealth HCM CITY — The US Government, partnering with Vietnamese and American organisations, sponsored a series of workshops to promote an open and ongoing dialogue between Vietnamese and American business people in Ha Noi, Da Nang and HCM City last week. The workshops focused on good governance and strategies for encouraging entrepreneurial thinking and business leadership skills in an effort to help spread the benefits of economic growth more broadly throughout Viet Nam. Speaking at the opening ceremony on March 17, US deputy chief of mission Jonathan Aloisi applauded the efforts of the US-Viet Nam Trade Council and its partners, including participants from the state of Oklahoma and Ha Noi’s Young Business Association, on the workshops and US exchange visits. Software to allow online securities trading HCM CITY — HP Viet Nam, Cisco System, and Calgie Viet Nam have launched an IT solution for securities … [Read more...] about Seminar teaches skills to spread the wealth
VietNamNet Bridge - "The National Assembly headquarters building is friendly with the Thang Long Imperial Citadel," Do Thieu Quang, deputy director of the management unit for the NA’s House and new Ba Dinh Hall construction project, has said in response to complaints about possible damage to the citadel, a World Heritage Site. The road running between the legislative house and the Thang Long royal citadel. Scientists said that the road belongs to the National Assembly House but Quang said it is part of the relic site. Earlier, the Chairman of the Vietnam Archaeology Association, Chairman of the Vietnam Cultural Heritage and Chairman of the Vietnam Historical Sciences sent a petition to the Government asking for urgent protection of the center of Thang Long Royal Citadel - a world heritage – reasoning that the construction of the NA House has violated the Law on Cultural Heritage and harmed the relic. In an interview with Tuoi Tre Newspaper, Quang explained that two … [Read more...] about The legislative building is friendly with Thang Long Imperial Citadel?
After years of delay, authorities in Hanoi and Ho Chi Minh City are determined that they will have their first metro systems commissioned by 2018 in a bid to clear streets increasingly clogged with cars and motorbikes. However, they face a much tougher task in convincing millions of motorbike and car owners to switch to the trains because old habits die hard, and, some experts say, entrenched attitudes die even harder. "Successful public transit projects need to combine a policy framework with good facilities that encourages people not to use cars and encourages them to use public transport," Jonathan Pincus, a HCMC-based economist with the Fulbright Economics Teaching Program, told Vietweek. But Vietnam has not been able to do this so far, and such failure could cast a dark shadow over the metro systems, experts say. They say that the country looks set to experience a strong car culture as a large number of nouveau riches choose to flaunt their wealth with luxury cars like … [Read more...] about Vietnam metro systems get set, but will the public go?
The irony hit its crescendo at the very place where the Vietnam War drew to its end 40 years ago. Last week, a banner announcing the shareholders’ meeting of the Saigon Securities Incorporation flapped on the gates of the Independence Palace -- the same place a pair North Vietnamese tanks made their dramatic entrance on April 30, 1975. These days Ho Chi Minh City is awash with signs of capitalism and consumerism. Major luxury brand boutiques -- Marc Jacobs, Cartier, Gucci, Louis Vuitton, or Hermes – scream behind scenes of thin construction workers and street vendors dining on the sidewalk. Luxury rides creep through third world traffic -- Bugatti, Ferrari, Lamborghini, Maybach, Rolls-Royce and Bentley. McDonald's has followed its American rivals Burger King, KFC and Starbucks in pursuit of a rising middle-income clientele. New arrivals cannot help but note the irony of all this set against red banners; but it is not as though Vietnam just suddenly decided to want these … [Read more...] about How the US continues to impact Vietnam 40 years on