Institutions have become a major impediment to the nation’s aspiration to reach high income by 2045. Vietnam needs to shift its economic growth model and improve the government’s capacity to implement economic policy reforms and public investments, realizing its aspiration of reaching high-income status by 2045, a World Bank Group report says. Overview of the report launch. The World Bank Group’s Systematic Country Diagnostic Update, themed "How Will Vietnam Blossom? Reforming Institutions for Effective Implementation,” emphasizes that Vietnam's traditional growth model faces major challenges from the Covid-19 pandemic, slowing globalization, and the country’s increasing vulnerability to external shocks, especially climate risks. After identifying a series of policy responses and reform priorities, many of which are not new, the report argues that adapting institutions will be the key to success. “Vietnam’s GDP per capita has increased fivefold over the … [Read more...] about Effective policy implementation crucial for Vietnam to reach high-income status by 2045: WB
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As U.S. COVID-19 cases rise, so does demand for antivirals
Rising COVID-19 cases are driving up the use of therapeutics, with Pfizer Inc's oral antiviral treatment Paxlovid seeing a 315% jump over the past four weeks, U.S. health officials said on Tuesday. The increase in U.S. cases and hospitalizations is starting to affect recommendations on behavior, with New York City, the nation's most populous city, advising stricter mask usage but stopping short of new mandates. Apple has scrapped return to office plans. "Increasingly, we'll see this virus hit people who are substantially older, frail, have underlying illnesses, or are distinctly immunocompromised," said Dr. William Schaffner, infectious disease expert at Vanderbilt University Medical Center in Nashville. "But we now have better treatments and many of those people will leave the hospital vertically rather than horizontally." The United States is averaging nearly 97,000 new cases a day, up from about 73,000 a week ago, according to a Reuters tally. Cases have been gradually … [Read more...] about As U.S. COVID-19 cases rise, so does demand for antivirals
Defense leader meets with U.S. and U.N. officials
The Vietnamese general led a high-ranking Vietnamese military delegation to accompany Prime Minister Pham Minh Chinh who was on his working trip to the U.S. to attend the ASEAN - U.S. Special Summit. On May 16, at the U.N. Headquarters, Sr. Lt. Gen. Pham Hoai Nam worked with General Birame Diop, military adviser and assistant secretary-general. At the meeting, the Vietnamese general thanked the U.N. for choosing and supporting Vietnam in deploying the Level-2 Field Hospital Rotation 4 and the Engineering Company Rotation 1 to the U.N. peacekeeping missions in South Sudan (UNMISS) and Abyei (UNISFA). He hoped that the U.N. will continue backing Vietnam to deploy its military medical and engineering forces to suitable U.N. peacekeeping missions as well as to run for high positions at U.N. missions and headquarters. Gen. Nam suggested the U.N. expands cooperation in other fields with priority given to war legacy settlement, and humanitarian assistance and disaster consequence … [Read more...] about Defense leader meets with U.S. and U.N. officials
IEEFA: Viet Nam’s manufacturing future rests on a credible renewable energy game plan
A wind power project in the northern province of Ninh Thuan. — Photo evn.com.vn The Vietnamese economy’s unparalleled exposure to multinational corporations and the global consumer market calls for a pragmatic alignment between the country’s renewable energy strategy and the decarbonisation commitments of the global brands, according to IEEFA’s latest report on Viet Nam. “Multinational corporations responsible for up to US$150 billion of Viet Nam’s export revenues have made specific pledges on carbon neutrality or decarbonisation of varying scope and timelines,” said Thu Vu, energy finance analyst leading the Vietnamese market coverage for IEEFA. “These brands’ journey toward sustainability progress is one in which Viet Nam can not afford to ignore or miss out on.” Viet Nam is currently the largest exporter of goods in developing Southeast Asia. With nearly 60 per cent of the exports being manufactured goods for the big brands, its growing role in the global supply chain … [Read more...] about IEEFA: Viet Nam’s manufacturing future rests on a credible renewable energy game plan
