Vietnams gdp

Traditional metrics like GDP and unemployment, however, may overlook and even contribute to inequalities. If the overall picture is strong, then governments may elect to forego additional support even though certain groups may be lost in the statistical shuffle. In response, some economists have proposed more targeted metrics to measure recovery. For example, there are calls for the Federal Reserve in the US to consider the unemployment rate of black Americans as opposed to the general unemployment rate when setting monetary policy. Basing economic monetary and fiscal policy on the most economically vulnerable has the potential to address systematic inequalities, but how could the concept be imported to a middle-income country like Vietnam? … [Read more...] about Is Vietnam’s economy recovering from COVID-19? Ask female entrepreneurs

The Central Economic Committee, when reviewing economic development in the last five years, said the economy continued growing rapidly, 6 percent per annum. The economy has a scale of $340 billion, which has increased by 1.4 times, ranking fourth in ASEAN.  … [Read more...] about Researchers warn of risks for Vietnam in 2021

Pretoria (VNA) – The success of ASEAN has brought about valuable experience lessons for the promotion of integration in South Asia, Vietnamese Ambassador to South Africa Hoang Van Loi told a webinar held by The Diplomatic Society newspaper on January 18. Addressing the discussion themed “Partners in Economic Integration and the Asia-Pacific Interdependence,” Loi said that ASEAN has made contributions to leading Southeast Asia to progress and prosperity and creating relations for peace and cooperation with partners in the region and the world. The bloc has become an important element which plays a central role in cooperation mechanisms and regional structure in the Asia-Pacific region. The role, position and prestige of the bloc have been increased in the eyes of international friends and partners. ASEAN is currently one of the most dynamic economies in the world, with an annual average growth rate of 5.2 percent during 2016-2020. Loi cited analysts’ … [Read more...] about ASEAN brings about valuable experience for South Asia’s integration process

Experts calculate that the average interest rate of corporate bonds issued primarily range from 10.1-11.2 per cent per year for a period of 1-5 years. Thus, compared with the most competitive deposit rates, corporate bond yields are currently 0.8-1.7 per cent per year higher. Depending on the terms, corporate bond yields are also 1.8-4 per cent higher than the deposit rates of large commercial banks. … [Read more...] about Clearing path for safer corporate bond market

According to the United Nations Development Programme (UNDP), insurance plays an important role in disaster risk financing by providing the government and other stakeholders with the financial means to cope with disaster response and recovery. Insurance products are often referred to as ‘market-based risk transfer solutions’ by providing more cost-efficient financing measures for medium- to high-level risks that generate higher levels of loss at lower levels of frequency. Although insurance is one of the critical components of risk financing, in Vietnam it remains under-represented in the financial toolbox currently being used by the government. … [Read more...] about Insurance gap adding risk to families