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
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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’
Vietnam’s commitments at the COP26 showcase its strong political will in the fight against climate change and transitioning to a green economy. Vietnam’s National Assembly (NA) would step up its legislative role to ensure the country’s successful realization of commitments at COP26, including their legalization into the legal framework, and allocate funds for green growth. NA Chairman Vuong Dinh Hue and UK Cabinet Minister and President-Designate of COP26 Alok Sharma. Source: quochoi.vn “The NA would continue supervising the Government in implementing national plans and potential adjustment toward green growth.” NA Chairman Vuong Dinh Hue gave the remarks during a meeting with the UK Cabinet Minister and President-Designate of COP26 Alok Sharma on June 30. At the meeting, the UK minister said the climate change issue has now become an urgent matter, and expressed his impression of Vietnam’s determination in transitioning to renewables. Sharma also … [Read more...] about Vietnam’s National Assembly to legalize commitments at COP26
A small student is choosing a textbook In its document to schools, the Department asked teachers and school managers to strictly implement the regulations on the use of textbooks and reference books in general educational institutions. Accordingly, the Department required teachers and managers not to abuse their positions to force or mobilize students and their parents to buy reference publications. In addition, educational institutions are not allowed to list and pack a set of textbooks with exercise books, reference books, outlines, and other documents besides the list of textbooks approved by the Ministry of Education and Training with the aim to introduce students and parents. Educational institutions need to arrange reasonable funding sources to buy textbooks for their school libraries. Furthermore, schools should mobilize students to donate and support old textbooks in school libraries which will lend to younger students. Previously, parents complained about social … [Read more...] about Education authority asks schools not to force parents to buy reference books
Dao Minh Chanh, Deputy Director of the municipal Department of Planning and Investment, said E.U. countries are investing in 2,724 projects in HCM City, mostly in the fields of manufacturing and processing, retail and wholesale, motor and automobile repair and maintenance, and information and communications. Worth a total of 7.69 billion USD, they account for 10.27% of FDI in the city, he said. HCM City has constantly improved its business climate and adopted various incentives to encourage more FDI, he said, adding that most notably among the incentives include reductions in corporate income tax, import-export duties and land lease. Vo Van Hoan, Vice Chairman of the municipal People’s Committee, highlighted the importance of the E.U.-Vietnam Free Trade Agreement (EVFTA) which has entered into force, saying it has brought great and balanced benefits to both sides and there is a huge opportunity for Vietnam and the E.U. to step up bilateral economic cooperation. With the E.U.’s … [Read more...] about HCM City calls for E.U. investment in nearly 200 projects
At a meeting in London on June 30 with Kenneth Atkinson, head of the British Business Group in Vietnam (Britcham), and representatives of British groups and investment funds operating in Vietnam, Hue affirmed that the relationship between Vietnam and the U.K. is at an all-time high. He believed the U.K. will continue to elevate its role and position in terms of economy, trade and investment in Asia-Pacific, including the Association of Southeast Asian Nations (ASEAN) and Vietnam. The N.A. Chairman said two-way trade has reached 6-7 billion USD per year, but there remains huge room for the countries to boost trade. Hue expressed his hope that Britcham will further affirm its role in attracting and guiding British businesses in Vietnam, while intensifying its consultation and policy support for these firms. The Vietnamese legislature, government, ministries, agencies and localities are willing to work to improve the investment and business environment for both domestic and … [Read more...] about Vietnam seeks stronger trade, education ties with U.K.