At the event, German Consul General to Ho Chi Minh City Mr. Andreas Siegel highlighted the potential for renewable energy including wind energy of Vietnam. The consul general affirmed the German enterprises would be willing to cooperate and support Vietnam in developing the industry. Almost speakers at the seminar said that environmental pollution was caused by impact of severe climate change and exhaust emissions from greenhouse effect which has been threatening to lives of people around the globe. Therefore, the development of renewable energy, a source of clean energy is extremely important, contributing to sustainable economic and social development. According to Mr. Berthold Breid, founder and director of Renewables Academy AG (Renac), after Fukushima Daiichi nuclear disaster occurred in Japan in 2011, the German government released policy about removing nuclear power including developing of renewable energy. Currently, Germany's renewable energy accounts for 36 … [Read more...] about Germany to cooperate & support VN in development of wind energy
Obstacles to economic development in developing countries
Party leader stresses Vietnam-Russia economic ties in Kaluga Oblast tour
Russian Deputy Prime Minister Alexey Gordeyev (R) welcomes Party General Secretary Nguyen Phu Trong in Kaluga Oblast on September 7 (Photo: VNA) Kaluga (VNA) – General Secretary of the Communist Party of Vietnam’s Central Committee Nguyen Phu Trong continued his official visit to Russia on September 7 with a tour of Kaluga Oblast, one of the most economically developed localities in the country. At a working session with the Vietnamese leader, Russian Deputy Prime Minister Alexey Gordeyev affirmed that Vietnam is a friend and long-term partner of Kaluga. The two sides have enjoyed win-win cooperation in economy, trade, investment, social sciences, and humanities. He noted that the most positive improvement of the two countries’ relations is seen in economy and trade, with the trend continuing this year and proving that the establishment of a free trade area between the Eurasian Economic Union, of which Russia is a member, and Vietnam is a good step … [Read more...] about Party leader stresses Vietnam-Russia economic ties in Kaluga Oblast tour
ADB: Vietnam’s GDP growth will rise to 7.1% in 2018
“Aided by able macroeconomic management, economic growth will spurt in 2018, with Viet Nam becoming one of the strongest performers in the region”, said Mr. Eric Sidgwick, ADB Country Director for Viet Nam. “Viet Nam’s robust economic growth will be driven by vigorous manufacturing and export expansion, rising domestic consumption, strong investment fueled by FDI and domestic enterprises, and an improving agriculture sector,” he added.The Asian Development Outlook (ADO) 2018 forecasts inflation to reach 3.7% on average this year, up from 3.5% in 2017, before edging up to 4.0% in 2019, as domestic demand and global commodity prices rise.Photo: Khac KienMr. Sidgwick noted: “A broad based increase in the government revenue effort in 2017, helped curtail the budget deficit and reduce total public debt to 61.3% of GDP by the end of 2017, from 63.6% a year earlier. This fiscal consolidation combined with moderate inflation should provide for continued … [Read more...] about ADB: Vietnam’s GDP growth will rise to 7.1% in 2018
Women in developed countries more educated than men, but still earn less: OECD
Women in developed countries are now more educated than men, yet they still earn less, are poorly represented in politics, and less likely to join the top ranks in business or become an entrepreneur, a global think-tank said on Wednesday. From Canada, Japan, Norway to Australia, young women on average earn almost 15 percent less than men, even though they are more educated, said the Paris-based Organization for Economic Co-operation and Development (OECD). The gender pay gap has remained stubbornly consistent over the past decade despite better policies for working parents, transparency in workplace pay gaps, and quota systems to boost the number of women on boards and senior roles, OECD said. "Every country faces its own obstacles to reaching gender equality, and to make a real difference we must change public policies in tandem with stereotypes, attitudes and behaviors," Angel Gurría, Secretary-General of the OECD said in a statement. Having to stall careers after childbirth due … [Read more...] about Women in developed countries more educated than men, but still earn less: OECD
Better institutions needed to fight corruption in judiciary activities
The workshop was co-organised by the Party Central Committee’s Commission for Internal Affairs and the United Nations Development Programme (UNDP). Vo Van Dung, deputy head of the commission, said as the country is sparing no efforts to speed up international economic integration, create a healthy business environment and improve national competitiveness, preventing and fighting corruption and negative phenomena in judiciary activities of courts have become more important and is a key task in juridical reform. Negative phenomena might pose obstacles, result in costs and deprive enterprises of business opportunities, Dung noted. According to the official, civil, economic and labour disputes among enterprises and between enterprises and organisations and individuals, especially disputes with foreign entities, will increase amidst international economic integration, requiring effective anti-corruption measures in judiciary activities. UNDP Vietnam Assistant Country Director Dennis … [Read more...] about Better institutions needed to fight corruption in judiciary activities