Weak form and strong form

Fish is carried from boats at Cà Ná Fishing Port in Thuận Nam District, south central province of Ninh Thuận. — VNA/VNS Photo Công Thử Viet Nam News HÀ NỘI — Việt Nam is reaping the benefits of a national strategy laid out 10 years ago to garner riches from the country’s long coastline, over 3,000 islands and abundant water areas three times the size of its land mass. In 2007, the 10th Party Central Committee ratified the Việt Nam Maritime Strategy towards 2020. The strategy, and the myriad guidelines, policies and generous investment that have followed it have turbo-charged Việt Nam ’s coastal economy, which includes tourism, fisheries, oil and gas, and other sectors reliant on the sea. However, a wide range of challenges stands in the way of the country reaching its primary targets: ensuring the sea-based economy accounts for 53-55 per cent of the country’s gross domestic product (GDP) and per capita income in coastal areas doubles the average of the whole country … [Read more...] about 10 years on, Việt Nam’s vision of strong sea-based economy faces rows of roadblocks

PM describes advantages, challenges of joining WTO (08-11-2006) Prime Minister Nguyen Tan Dung — VNA/VNS Photo Duc Tam HA NOI — Attaining membership in the World Trade Organisation (WTO) creates a new opportunity for the nation to develop as well as challenges for the nation to overcome, Prime Minister Nguyen Tan Dung said yesterday in a written message published on the Government website. As part of the world’s largest trade body, Viet Nam would gain access to commodity and service markets in all WTO member states, with lower tariffs, non-discriminationary treatment in line with their admission protocols, Dung wrote. Viet Nam’s investment environment would be further improved because the country has adapted its laws in conformity with a socialist-oriented market economy and made its administrative institutions more transparent in conformity with WTO regulations, Dung stressed. He added that, in entering the WTO, the nation would gain an equal … [Read more...] about PM describes advantages, challenges of joining WTO

The all lose-lose war By Le Hong Giang, PhD. Container loading at a Mekong Delta port. The manufacturing shift from China will continue and Vietnam remains the nearest and most favorable destination – PHOTO: LE HOANG VU The People’s Bank of China certainly does not want a recurrence of the 2015 scenario though a weak yuan will counter the U.S. import tariff. If investors get panicked as what happened in 2015, the negative impact of a capital flight from China will be far more greater than the benefit from the devaluation of the yuan to support exports, especially in the current uncertain situation. Many experts hold that despite its hint at the yuan devaluation, China will not use this weapon, or at least will not trigger a large-scale currency war. In less than two weeks after a meeting at the White House to discuss the U.S. dollar devaluation, which both Treasury Secretary Steven Mnuchin and economic advisor Larry Kudlow rejected, the United States officially … [Read more...] about The all lose-lose war

The fifth plenary meeting of the 12th Communist Party of Việt Nam (CPV) Central Committee closed in Hà Nội yesterday, fulfilling all set objectives after six days of working.– VNA/VNS Photo Trí Dũng HÀ NỘI – The fifth plenary meeting of the 12th Communist Party of Việt Nam (CPV) Central Committee closed in Hà Nội yesterday, fulfilling all set objectives after six days of working. At the meeting, the Party Central Committee approved several resolutions and conclusions, including resolutions on “completing the socialist-oriented market economy institution”, “continuing to re-organise, renovate and improve the efficiency of State-owned enterprises” and “developing the private economy into an important driving force of the socialist-oriented market economy”. The committee agreed that the socialist-oriented market economy is a theoretical and practical issue in the country’s economic development policy, a creation of the Party for the general economic model in the transitional … [Read more...] about Party Central Committee’s fifth meeting concludes

An engineer of the Switzerland company ABB controls a robot at the Industry 4.0 Summit Expo 2018 yesterday in Hà Nội. The expo is an opportunity for experts to exchange information and learn new experiences and investment opportunities. — VNS Photo Hồng Vân Viet Nam News HÀ NỘI — Việt Nam continues the call for more incentives for experts, scientists, as well as domestic and international businesses to join Việt Nam in its adoption of the Fourth Industrial Revolution (Industry 4.0), said Prime Minister Nguyễn Xuân Phúc yesterday. The PM made the statement while hosting a reception in Hà Nội for experts, scientists, and representatives of organisations and enterprises taking part in the two day event. At the meeting, guests hailed the role played by the Vietnamese Government in shaping and developing technology amid the Fourth Industrial Revolution. They expressed hope that the PM and the Government will install policies to aid a breakthrough in the area of artificial … [Read more...] about Việt Nam calls for science-technology experts

Workshop "International Best Practices in Seed Governance" in Hà Nội on Tuesday. - Photo courtersy of World Bank Viet Nam News HÀ NỘI — Developing high quality, climate resilient seeds and making them available in the market under a strong and holistic legal framework would greatly benefit farmers and be critical in transforming the agricultural sector, Hoàng Văn Thắng, vice minister at the Ministry of Agriculture and Rural Development (MARD), said. According to the World Bank, the agricultural sector in the Mekong region has been focusing on quantity, however, quality is imperative to improve productivity and income, thus contributing to food security and economic growth. D espite the region being a large exporter of key products such as rice, coffee, pepper and cashew, Mekong agricultural products are known for their poor quality and reduced price on the global market. With a limited legal framework, it is challenging to ensure quality … [Read more...] about Seeds’ quality, not quantity, crucial for agricultural development, workshop says

APEC 2017 a comprehensive success: Deputy PM Phạm Bình Minh Đà Nẵng Declaration stresses multilateral trade, inclusive growth 2017 APEC Ministerial Meeting Joint Ministerial Statement The 25th APEC Economic Leaders’ Meeting adopts Đà Nẵng Declaration APEC needs to bolster its leadership A farmer tends to vegetables in a garden that follows VietGAP (good agriculture practice) standards in Ba Đồn Town, Quảng Bình Province. — VNA/VNS Photo Võ Dung Viet Nam News CẦN THƠ – Việt Nam strongly support promoting co-operation in water management for sustainable agricultural development among APEC members, a senior Vietnamese official told the first APEC Water Resources Authorities Meeting for Food Security that opened in Cần Thơ yesterday. Trần Kim Long, director general of the Ministry of Agriculture and Rural Development’s international co-operation department, said water is an important and limited resource and one of the most important for … [Read more...] about APEC seeks boost to food security, sustainable agriculture growth