Potential candidate countries eu

FRANKFURT AM MAIN — The EU's new economy commissioner Paolo Gentiloni said the bloc should consider loosening its strict budget deficit rules to respond to climate risks and weak growth, echoing a similar call by French President Emmanuel Macron. The rules, which aim to enforce budgetary discipline among European Union members, were born out of the financial crisis and needed to be updated, Gentiloni told the Monday edition of the daily Sueddeutsche Zeitung. "We have different challenges now: the fight against climate change and the danger of having low growth and low inflation for an extended period," he said in comments translated into German. The EU's so-called Growth and Stability pact limits budget deficits to three per cent of gross domestic product and overall debt to 60 per cent of GDP in member states. Some countries have achieved compliance through either years of austerity or economic good fortune, while others lag behind with massive debt mountains. Critics have long … [Read more...] about EU budget rules need rethink, says new commissioner

While growth in most regions has slowed down, Vietnam’s economy is recovering strongly with GDP expanding by an average 6.84% during the 2016-2020 period, beating the set target and marking the highest figure in the past three five-year periods. The EVFTA and CPTPP could increase Vietnam’s GDP by 4.3% and 1.3% respectively by 2030. Such an impressive performance will lay a solid foundation for Vietnam to become a upper middle-income country by 2025. Growth projected at 7% Assessing the prospects of the Vietnamese economy for the 2021-2025 period, the National Centre for Socio-economic Information Forecast (NCIF) under the Ministry of Planning and Investment constructed two scenarios. In the first scenario, GDP growth is projected to average 7% per year, with inflation at between 3.5%-4.5%, while the ratio of capital to GDP is estimated at 31%, compared with 33.5% during the 2016-2020 period. Investment efficiency continues to improve, with the incremental … [Read more...] about Vietnam strives to join upper middle-income countries

A meeting of the United Nations Security Council. — THX/VNA PhotoViet Nam News NEW YORK — Việt Nam was selected as the only candidate of the Asia-Pacific region for a non-permanent seat at the United Nations Security Council (UNSC) for 2020-21 tenure at a monthly meeting of the Asia-Pacific Group at the UN on May 25. Under the chair of head of the Samoa Mission to the United Nations Ambassador Ali’ioaiga Feturi Elsaia, who is the group’s chairman in May, the 54-member group agreed to nominate Việt Nam as its only candidate for the position. The voting will be held by the UN General Assembly in June, 2019. At the meeting, Ambassador Nguyễn Phương Nga, head of Việt Nam’s Permanent Mission to the United Nations, thanked the Asian-Pacific countries for approving Việt Nam’s nomination. She affirmed that Việt Nam will do its utmost to deserve the trust from international … [Read more...] about Việt Nam nominated as Asia-Pacific’s only candidate for non-permanent UNSC seat

The conference, held in Vung Tau City on November 29, attracted the participation of many trade representatives and foreign trade promotion organizations in Vietnam. The event was organized by the Department of Trade Promotion (Ministry of Industry and Trade) in collaboration with Department of Industry and Trade of Ba Ria-Vung Tau Province. Attending the conference were Do Thang Hai, Deputy Minister of Industry and Trade, Nguyen Thanh Long, Member of the Provincial Standing Committee, Acting Chairman of the Provincial People's Committee, and more than 100 delegates representing the Embassy and Consulate General offices, foreign trade and diplomatic agencies in Vietnam, departments, branches and enterprises of the southern provinces and enterprises in Ba Ria-Vung Tau. The conference aimed to introduce potentials, mechanisms and preferential policies for attracting investment to Ba Ria-Vung Tau and to promoting trade and investment home and abroad. It was also an important event for the … [Read more...] about Ba Ria-Vung Tau conference promotes regional and international trade potentials

Deputy Prime Minister Vu Duc Dam speaking at the opening ceremony of TechFest TechFest is the biggest annual event for the startup community, organised in accordance with the scheme on supporting the national innovative startup ecosystem to 2025, which was approved by the prime minister in 2016. During the past four years, the annual TechFest events have covered numerous economic sectors, uncovering opportunities and unclogging bottlenecks. Themed “Vietnam: Globalise”, TechFest 2019 aimed to attract resources, manpower, technology, and finance to support Vietnamese startups and to become a platform connecting the Vietnamese startup ecosystem with that of the world. Techfest 2019 has drawn the participation of over 300 businesses and startups, 100 ventures and investors, as well as 200 speakers and experts to attend until November 6, with activities such as a startup exhibition, technology showcase, investor and startup matching, and startup contests. Full of praise for … [Read more...] about TechFest to unlock potential of startups