In 2016, Vietnam also experienced 24 cold spells. During the cold spell in January 1, 2016, 40 sites were reported with snow – a phenomenon that had not occurred in hundreds of years in many places. The cold spell on January 21st recorded the lowest temperature for 40 years, causing widespread snowfall and frost in the northern mountainous region.Typhoons, downpours, droughts, and saline intrusion were complex, contrary to all rules, difficult to forecast. In 2016, 22 large downpours across the country devastated many homes and fields. Particularly, from October- December 2016, heavy rains caused severe floods in the central region. Five serious floods, seven flash floods and landslides were reported in the North. The flash floods and landslides caused by typhoons No. 2 and No. 3 caused serious damage in the northern mountainous provinces of Lao Cai and Yen Bai.The 2016 also recorded 16 floods on the rivers in the Central Region and the Central Highlands. Serious, … [Read more...] about How has climate change affected Vietnam?
Term plans affecting the economy
Nhan Dan Online – Adolescent pregnancy is a huge global problem, especially in developing countries, according to the State of World Population 2013 report just released by the United Nations Population Fund (UNFPA). Worldwide, 7.3 million girls under 18 years of age give birth every year, 2 million of whom are 15 or younger. If current trends continue, the number of annual births to girls under 15, who suffer the gravest long-term health and social consequences from premature pregnancy, could rise to 3 million by 2030. Early pregnancy takes a toll on a girl’s health, education and rights. It also prevents her from realising her potential and has adverse impacts on the baby. Adolescent pregnancy also affects the economies of communities and nations, causing a loss of economic productivity when adolescent mothers drop out of school and the workforce. The UNFPA report, entitled ‘Motherhood in Childhood: Facing the Challenge of Adolescent Pregnancy’, places … [Read more...] about UN report: Adolescent pregnancy on the rise
Photo: TLMinistry of Industry and Trade’s Vietnam Competition Authority (VCA) Deputy Director Trinh Anh Tuan said that in 1993, Vietnam had only one mobile telecommunications service provider – Mobifone. At that time, the mobile phone call charge was US$0.15 (more than VND3,000/minute); Vinaphone appeared in 1996, but both Mobifone and Vinaphone were members of the Vietnam Posts and Telecommunications Group (VNPT), so mobile phone call charge didn’t decrease significantly. Since Viettel entered the market in 2003, the domestic telecommunications market has changed dramatically in terms of structure and service charges have decreased to US$0.065 (more than VND1,000 VND/minute). In April 2014, the prime minister approved a plan to restructure VNPT, including making Mobiphone an independent organization. The mobile telecommunications market as an example shows that competition stimulates production and trading activities and economic growth so … [Read more...] about Improving the economy’s competitiveness: Where to start?
Over the past two months, the world oil price chart constantly went down, even sliding to below US$40 / barrel – the ten-year lowest level.As a crude oil exporting nation that also imports refined oil, fluctuated raw material prices have a significant impact on Vietnam’s budget revenue and its economic growth.According to the General Statistics Office, the nation’s crude oil exports grew in the 8 months leading up to September but export turnover reached only more than US$2.7 billion due to crude oil price down nearly 48% from last year’s same period.Additionally, reduced global oil prices have made import duties, special consumption tax and value added tax levied on oil products run up a deficit of thousands of billion of VND.Institute of Finance and Economics Deputy Head Nguyen Duc Do said this year’s estimated budget revenue from crude oil exports would hit VND93,000 billion at US$100/barrel. So when crude oil prices fell by US$1/barrel will result in a … [Read more...] about Falling oil prices adversely affect Vietnam economy
illustration photo Minister of Planning and Investment (MPI) Bui Quang Vinh told the government the MPI calculated that if the price of domestic petrol decreased by an average of 10 per cent, local production cost could be trimmed by 0.57 per cent, the consumer price index by 0.55 per cent and gross domestic product would see a 0.91 per cent increase.“In the long and short term, the decline in the world’s oil price will have a positive impact on the economy. It will help decrease local petrol prices, production costs, and spur production, demand and consumption,” he said.In 2014, the price of petrol was reduced 13 times, with that of diesel oil reducing 14 times, gasoline (down 12 times) and mazut (down 10 times). Two days ago, the price decreased by VND310 per litre.The world’s oil prices have plummeted more than 40 per cent since June 2014 to the current price of $55-58 per barrel. This has contributed to a drop in petrol prices on the local market.Deputy … [Read more...] about Drop in petrol price expected to benefit the economy
THE GOVERNMENT SOCIALIST REPUBLIC OF VIET NAMIndependence - Freedom - Happiness No. 10/NQ-CP Ha Noi, February 04, 2016 RESOLUTIONTHE GOVERNMENT’S REGULAR MEETING - JANUARY 2016 THE GOVERNMENT Pursuant to the Law on Organization of the Government dated June 19, 2015; Pursuant to the Government’s Decree No. 08/2012/ND-CP dated February 16, 2012 promulgating the working regulation of the Government; Based on the discussion of the Cabinet’s members and the conclusion of the Prime Minister at the Government’s regular meeting in January 2016, held on January 29, 2016, RESOLVES: 1. Regarding the socio-economic situation in January 2016 and implementation progress of the Resolution No. 01/NQ-CP dated January 07, 2016 of the Government on major tasks and solutions guiding the realization of the … [Read more...] about The Government’s regular meeting-January 2016
VietNamNet Bridge - In a TPP without the US, powerful member countries will benefit most, according to economist Nguyen Tri Hieu. The other 11 member countries of TPP have decided to move ahead without the US, which once took the leading role in the deal. Vietnam will be able to benefit from TPP, not only in trade. The Vietnamese economy will have to change to conform to TPP’s regulations once the deal is made. However, the negative side of TPP-11, or the TPP without the US, is the modest share of TPP in global trade. A TPP with the US accounted for 40 percent of global trade, of which the US alone accounts for 20 percent. Without the US, the figure would be 20 percent. “However, 20 percent is still a considerable market share though it is smaller than initially planned,” Hieu said. The expert went on to say that Vietnam would lose many advantages because of the absence of the US, Vietnam’s largest export market. Vietnam will not lose the entire market … [Read more...] about What benefits will Vietnam get from TPP without the US?
Every two or three days each week, the 33-year-old owner of the Tokyo Baby store, Ms. Nguyen Thi Thanh Phuong, goes online to introduce new products. Her live streams on Facebook have up to 30,000 views, hundreds of comments, and customers seeking consultancy on products, of which more than a half then decide to buy. Since starting to do business in mother and baby products from home via Facebook in 2012, her shop’s fanpage “likes” have increased daily, reaching 110,000, with 14,000 on her private page. Like many other Vietnamese doing business online nowadays, Ms. Phuong has taken full advantage of Facebook to promote her shop and offer products. Early on she used her private page to sell products, then when the number of followers increased rapidly she set up a fanpage for the store and also began using Facebook’s other advertising features to optimize sales. “More than 80 per cent of Tokyo Baby’s customers have come from social … [Read more...] about In the cross-hairs
VietNamNet Bridge – Last year, prolonged unstable macroeconomic policies made the panorama of the Vietnamese economy quite bleak for foreign businesses. Along with the Vietnamese government’s efforts to tighten fiscal and monetary policy to reduce inflation, to restructure the banking system... whether foreign investors have a brighter view of the economic situation in Vietnam in 2013? The opinions of Mr. Herb Cochran, Executive Director of the American Chamber of Commerce (AmCham) in Ho Chi Minh City, Mr. Yasuzumi Hirotaka, Executive Director of the Japan External Trade Organization (JETRO) in HCM City and Mr. Paul John Jewell, Executive Director of the European Chamber of Commerce in Vietnam (EuroCham) will partly answer this question. Prospects for Vietnam's economy in 2013 Last year, the Vietnamese Government made great strides in economic reform but did not made tangible results. According to foreign investors, whether the Vietnamese economy will recover in … [Read more...] about Vietnam’s 2013 economy in the eyes of foreign entrepreneurs
VietNamNet would like to introduce the last part of the talks with well-known experts about measures to develop Vietnam’s marine economy: Mr. Ngo Luc Tai, Vice Chair of HCM City Marine Science and Technology Association; Dr. Nguyen Chu Hoi, lecturer of the Vietnam National University, and former Deputy General Director of the Vietnam Sea and Islands Agency; and architect Tran Ngoc Chinh, former Deputy Minister of Construction, and Chair of the Vietnam Urban Planning and Development Association. Vietnam's marine strategyVietnam and the “smart approach” in the East SeaJournalist Hoang Huong and Mr. Nguyen Chu HoiQ: Located on the major maritime and aviation route between the Pacific and the Indian Ocean, the East Sea is very important. Vietnam has a very significant geopolitical position in the East Sea. Is there any future for Vietnam to develop a marine economy in the area?Nguyen Chu Hoi: Vietnam has grounds to strive to become a strong nation from sea. But we … [Read more...] about How can Vietnam develop a marine economy with coracles?