Participants pose for a group photo at the conference (Photo: VNA) Hanoi (VNA) – The eighth international economic and financial conference of Vietnam and the Republic of Korea (RoK) took place in Hanoi on March 22. The event was jointly held by the Vietnam Chamber of Commerce and Industry (VCCI) in coordination with Vietnam's Ministry of Finance, the RoK’s Financial Services Commission, and EDaily magazine. Deputy Minister of Finance Tran Xuan Ha said the cooperation between Vietnam and the RoK has deepened in various fields after over 25 years of establishing diplomatic ties, particularly in economics and finance. He noted that in 2018, two-way trade reached 65.7 billion USD. The RoK is now the biggest foreign investor in Vietnam. In the past five years, the RoK’s annual registered foreign direct investment (FDI) has always been at around 7-9 billion USD. The RoK is also one of Vietnam’s biggest bilateral donors with many loans through the Korea … [Read more...] about Vietnam, RoK boost financial, economic partnership
Economics vs finance major
Market confidence to drive Vietnam economic growth in 2019
VietNamNet Bridge – Vu Viet Ngoan, head of the Prime Minister’s Economic Advisory Team, talks to Thời báo kinh tế Việt Nam (Việt Nam Economic Times) about how the country can maintain its strong growth in 2019 and the next few years with internal strengths. Loading cargoes at the Hoang Dieu Port in the northeastern city of Hai Phong. — VNA/VNS Photo Thong Nhat The Government’s report said 2018 saw “comprehensive and positive achievements across all socio-economic aspects”. In your opinion, what was the highlight? In 2018, the Vietnamese economy witnessed growth in all three sectors – agriculture, industry and service. Not only have we attained high GDP growth, we have also consolidated macroeconomic fundamentals and increased the quality of growth, with the increase in productivity and higher ratio of manufacturing industries in the GDP compared to 2017. For me, there are two points that outshine … [Read more...] about Market confidence to drive Vietnam economic growth in 2019
Market confidence to drive Việt Nam economic growth in 2019
Loading cargoes at the Hoàng Diệu port in the northeastern city of Hải Phòng. — VNA/VNS Photo Thống NhấtViet Nam News Vũ Viết Ngoạn, head of the Prime Minister’s Economic Advisory Team, talks to Thời báo kinh tế Việt Nam (Việt Nam Economic Times) about how the country can maintain its strong growth in 2019 and the next few years with internal strengths. The Government’s report said 2018 saw “comprehensive and positive achievements across all socio-economic aspects”. In your opinion, what was the highlight? In 2018, the Vietnamese economy witnessed growth in all three sectors – agriculture, industry and service. Not only have we attained high GDP growth, we have also consolidated macroeconomic fundamentals and increased the quality of growth, with the increase in productivity and higher ratio of manufacturing industries in the GDP compared to 2017. For me, there are … [Read more...] about Market confidence to drive Việt Nam economic growth in 2019
Macro-economic stabilization measures crucial to high economic growth
Prime Minister Nguyen Xuan Phuc chairs a regular meeting of the National Financial and Monetary Policy Advisory Council. Prime Minister Nguyen Xuan Phuc was speaking at a regular meeting of the National Financial and Monetary Policy Advisory Council in Hanoi on July 18. Council members highly appreciated the effectiveness of macro-economic stabilization measures implemented by the Government, ministries and localities in recent years, helping to maintain high economic growth and strict inflation control, stabilize State budget collection, and ensure high balance of payments surplus as a result of stable trade surplus, overseas remittances and foreign investment. They said that the world economy this year has showed positive signs of recovery and the domestic economy continues to grow exponentially. However, there should be a closer combination between monetary and fiscal policies so as to keep inflation in check at around 4% while closely monitoring the US Federal Reserve System … [Read more...] about Macro-economic stabilization measures crucial to high economic growth
Rouhani reshuffles economic team, says U.S. isolated against Iran
Rouhani reshuffles economic team, says U.S. isolated against Iran The Saigon Times Daily Iran's President Hassan Rouhani speaks at a news conference on the sidelines of the 73rd session of the United Nations General Assembly at U.N. headquarters in New York, U.S., September 26, 2018 – PHOTO: REUTERS DUBAI (REUTERS) - Iran’s parliament approved a government economic reshuffle on Saturday, days before new U.S. sanctions on Tehran’s oil exports take effect, after President Hassan Rouhani said Washington was isolated among its allies in its confrontation with Iran. “It does not happen often that the U.S. makes a decision and its traditional allies abandon it,” Rouhani told parliament before the vote to approve the new appointments. Academic Farhad Dejpasand, widely seen as a technocrat, received a vote of confidence by a wide margin as the new minister of economics and finance. The reshuffle, approved in a parliamentary session carried live on state … [Read more...] about Rouhani reshuffles economic team, says U.S. isolated against Iran