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Definition developing economy

Vietnam needs a master plan for development of shrimp farming on sandy land

December 22, 2018 vietnamnet Leave a Comment

VietNamNet Bridge – Shrimp farming on sandy land has brought profits to the coastal central provinces over the years. But the unplanned and spontaneous expansion of this model is accompanied by the potential of severe negative impacts on economy and environment. Shrimp aquaculture in Phu An Commune, Phu Vang District, Hue City. Shrimp farming has brought profits to the coastal central provinces over the years. — VNA/VNS Photo Ho Cau Shrimp aquaculture on sandy land started in 2000 in some localities at a small scale. Thanks to favourable conditions of land and sea water, aquaculture in coastal provinces has increased sharply in recent years both in terms of area and output. According to the statistics by the Directorate of Fisheries, the area of shrimp farming on sandy land has reached more than 3,000ha across 14 central provinces, generating some 41,700 tonnes per crop. The productivity also increased up to six times with an average of 13-15 tonnes per ha … [Read more...] about Vietnam needs a master plan for development of shrimp farming on sandy land

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Việt Nam needs a master plan for development of shrimp farming on sandy land

December 19, 2018 vietnamnews Leave a Comment

Viet Nam News HÀ NỘI — Shrimp farming on sandy land has brought profits to the coastal central provinces over the years. But the unplanned and spontaneous expansion of this model is accompanied by the potential of severe negative impacts on economy and environment. Shrimp aquaculture on sandy land started in 2000 in some localities at a small scale. Thanks to favourable conditions of land and sea water, aquaculture in coastal provinces has increased sharply in recent years both in terms of area and output. According to the statistics by the Directorate of Fisheries, the area of shrimp farming on sandy land has reached more than 3,000ha across 14 central provinces, generating some 41,700 tonnes per crop. The productivity also increased up to six times with an average of 13-15 tonnes per ha compared to 2-3 tonnes per ha in 2000-02. The yield even is higher in high-tech intensive farming areas with 70-100 tonnes per ha. The successful application of advanced … [Read more...] about Việt Nam needs a master plan for development of shrimp farming on sandy land

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Administrative reform yet to develop private sector as expected

November 3, 2018 sggpnews Leave a Comment

Data from Enterprises Development Department show that last year the private sector contributed up to 43.22 percent gross domestic product and 39 percent investment capital of the economy. However limited production and trading efficiency has resulted in low profit margin of businesses in this sector. Its revenue growth dropped from 34 percent in 2007-2011 to 10 percent in 2012-2015. HCMC’s economic surveys last year also pointed out that although the number of businesses has quickly developed, most of them are small and medium sized. Of these, super small firms account for 82.76 percent. Only 64,607 are profitable out of the total of 171,655 businesses operating in HCMC now, making up 37.81 percent; 96,936 are loss making accounting for 56.49 percent. The remaining ones break even. Dr. Nguyen Dinh Cung, head of Central Institute for Economic Management (CIEM), said that the private sector has not had strong large firms because of a shortage of safety in business operation or … [Read more...] about Administrative reform yet to develop private sector as expected

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FDI – a successful part in Vietnam’s economic development: WB economist

September 5, 2018 vietnamplus Leave a Comment

Lead Economist for World Bank in Vietnam Sebastian Eckardt (Photo: VNA)   Hanoi (VNA) – Since the Law on Foreign Investment was passed in 1987, Vietnam has been successful in attracting FDI, and the investment inflows have contributed greatly to Vietnam’s economic development, according to the Lead Economist for World Bank in Vietnam Sebastian Eckardt.  Question: Please kindly assess the general impacts of FDI inflows towards Vietnamese economy in the last 30 years. Answer: So Vietnam has been quite successful in attracting FDI ever since the country opened up to foreign investment and if we look at the impact, we can say that FDI has really contributed in various ways, including industrialization, where a lot of investment went into manufacturing sector, building capacity across a range of sectors including electronics but also more traditional industries such as garment and shoe factory, and so on, really fueling Vietnam strong export performance and … [Read more...] about FDI – a successful part in Vietnam’s economic development: WB economist

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A cashless economy on the horizon

April 29, 2018 vir Leave a Comment

As Vietnam is going cashless, new payment services are popping up across the market to capture users Photo: Duc Thanh The era of digital payments Some 57 per cent of Vietnamese respondents in a survey carried out by Visa Inc. last year were confident to go cashless for three consecutive days. This percentage was the highest among regional nations, with only 42 per cent of Singaporeans and 37 per cent of Thais stating they were ready to go cashless for the same duration of time. Indeed, there is no need to carry cash around, since the digital payments industry in Vietnam has grown stronger than ever, evidenced by the arrival of foreign mobile payments services like Samsung Pay last September or Apple Pay and other mobile payment platforms that are about to debut here in the upcoming months. According to EY’s ASEAN Fintech Census 2018, in the Asia-Pacific region, social media platforms, e-commerce players, and on-demand service providers–like ride-hailing Grab with … [Read more...] about A cashless economy on the horizon

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