Climbing mount everest

Illustrative image (Source: VNA) Hanoi (VNA) - Though Vietnam is said to have certain advantages, to maintain sustained success, the country should be a diligent student of not only the upsides, but also the lessons learnt of other countries, said Moritz Kraemer, former Global Chief Ratings Officer of Sovereign Ratings Group at S&P Global and currently the Chief Economist, Head of Research of Landesbank Baden Wuerttemberg (LBBW). Speaking to Vietnam News Agency, the expert held that the world is in turmoil, and the old model of globalisation is severely tested as erstwhile reliable supply chains are ruptured and seem to refuse to heal. Moreover, inflation appears to be getting out of hand in much of the advanced economies as commodity prices soar and labor becomes increasingly scarce. Moritz Kraemer, former Global Chief Ratings Officer of Sovereign Ratings Group at S&P Global (Photo: VNA) He predicted that international companies will progressively search … [Read more...] about Vietnam remains a place of seemingly limitless promise: experts

Dr Moritz Kraemer Dr Moritz Kraemer, the former Global Chief Ratings Officer of Sovereign Ratings Group at S&P Global and currently the Chief Economist, Head of Research of the Landesbank Baden Wuerttemberg (“LBBW”) bank, shared his view of the country and the current global situation with Vietnam News Agency. The pandemic remains unpredictable, and the world is experiencing strong and unusual economic and political changes, could you share your views on the situation? Yes, the world is in turmoil. A terrifying war in Europe could escalate to the unspeakable any day. The pandemic is still a lingering threat that keeps the world economy, and especially some countries in Asia, at bay. The old model of globalisation is severely tested as erstwhile reliable supply chains are ruptured and seem to refuse to heal. Moreover, as if that was not enough, inflation appears to be getting out of hand in much of the advanced economies as commodity prices soar and labour becomes … [Read more...] about Viet Nam shows ‘seemingly limitless promise’