Illustrative image (Photo: VNA) Bangkok (VNA) - The Association of Southeast Asian Nations (ASEAN) has recently gained the spotlight of the Global Trade Growth Atlas 2022 as it is forecast to lead the world in export growth over the next five years . The report, conducted by DHL Express, shows that, when assessed by the level of economic development, emerging economies are expected to generate 45% of the absolute amount of global trade growth between 2021 and 2026. “The good news, especially for Asia, ASEAN , and Thailand, is that Southeast Asia and South Asia perform very well. They perform very well in both speed and scale. Scale is the size of the economy and the amount of trade. Speed is the extent and speed by which they are growing, and I can tell you that the Philippines, Malaysia, India, Vietnam, and I can also add to that list, Thailand, are growing impressively on a large scale,” said John Pearson, CEO of DHL Express. When talking about the … [Read more...] about ASEAN forecast to lead world in export growth in next 5 years
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ADB Country Director Andrew Jeffries (Photo: VNA) Hanoi (VNA) – ADB Country Director Andrew Jeffries has talked to the Vietnam News Agency on the recent interest rate hike by the State Bank of Vietnam in the context of the Fed, ECB and a number of countries raising their rates to curb inflation. “Another significant achievement in economic policy in Vietnam has been maintaining macro-economic stability,” Jeffries said. According to him, through the pandemic and also through the economic shocks of this year, including global inflation, fallout from the conflict in Ukraine and recession risks, Vietnam was successful in controlling inflation this year, despite enormous pressure from energy, commodity price surges from world economy. He went on to say that monetary policy measures taken by the government have greatly contributed to this success, keeping money supply and credit under control, dealing with pressure for a stable exchange rate while supporting business access to … [Read more...] about State Bank’ rate hike necessary to defend VN dong, control inflation: ADB Country Director
Professor Carl Thayer in an interview granted to the Vietnam News Agency (Photo: VNA) Sydney (VNA) – Vietnam, a developing country, has exerted great efforts in achieving the UN Sustainable Development Goals (SDGs) and enjoyed fruitful results, said Professor Carl Thayer from the University of New South Wales (UNSW). He cited the United Nations report in 2021 as saying that Vietnam is on the way to completing SDG 1 on poverty elimination. Although the country is facing many challenges for SDG 2 on ending hunger, the country has shown certain improvements, he noted. According to the report, Vietnam is ranked 51th among 165 countries in the SDG index, with a country score of 72.8. The country’s spillover is 96.4. Overall, Vietnam, a developing country, has considerable experience in implementing the UN SDGs and can provide practical policy advice on issues affecting comprehensive human rights globally and regionally, Thayer underlined. He highlighted Vietnam’s … [Read more...] about Vietnam exerts great efforts in implementing SDGs: Australian scholar
“Impressive, methodical, and professional” were the words used by the media representative of the United Nations Development Programme (UNDP) in Vietnam after VIR was selected to jointly organise the forum “Finance and Governance Accelerators for a Just Energy Transition” in July. The forum was held during a visit to Vietnam by Kanni Wignaraja, UN assistant secretary general and UNDP regional director for Asia-Pacific. Despite her busy schedule, Wignaraja gave an important speech at the forum, highlighting Vietnam’s socioeconomic development achievements and committing that the UNDP will continue to support Vietnam’s transition to clean energy. The UNDP media representative said, “We highly appreciate the organisation of this forum by VIR. The newspaper’s prestige is increasing thanks to the strong transformation with new products, and everything has gone smoothly in terms of logistics, sound, lighting, and choice of hosts.” Many business associations and investors … [Read more...] about Lending a hand to progress for the business community
Mr. Dam speaks at the event Today ( Sep 26 ), the opening ceremony of the Horasis 2022 India Economic Cooperation Forum with the theme: Dynamic Vietnam - New Vision took place at the Convention and Exhibition Center in the Southern Province of Binh Duong. Deputy Prime Minister Vu Duc Dam, Secretary of State, Ministry of Foreign Affairs of India Rajkumar Ranjan Singh, leaders of the Binh Duong provincial Party Committee and the People's Committee, representatives of central ministries and agencies, and more than 500 businessmen, Indian investors and economic experts were attending the event. According to Deputy Prime Minister Vu Duc Dam, Vietnam has made great achievements with an increase in Gross Domestic Product (GDP) from US$4 billion to nearly $400 billion in 2022 after nearly four decades of renovation. Vietnam has gradually built a fairly solid economic foundation, showing its ability to adapt in the most difficult times, especially during the Covid-19 pandemic. As … [Read more...] about Vietnam – ideal destination for foreign investors
Along with attending the Transforming Education Summit, Son had meetings with the U.S. Secretary of Education and representatives from the World Bank, Microsoft and New York University. He also had a working session with President of the U.S. Educational Testing Service (ETS) Amit Sevak, and held a Vietnam - U.S. education cooperation forum that drew leading U.S. educational organizations. Participants at the event discussed major cooperation issues in education-training between the two sides. On the sidelines of the forum, the minister had a meeting with leaders of College Board - a global non-profit organization connecting students to universities and career opportunities. College Board Vice President Rushi Sheth said that the number of Vietnamese students joining the advanced placement program has increased 219% since 2018, while those taking SAT tests rose 45%, showing the increasing demand for international education programs. He said that online SAT tests are likely to be … [Read more...] about Vietnam seeks stronger education partnership with U.S.