A dynamic, peaceful and cheerful Vietnam is the beautiful impression that Caitlin Wiesen, UNDP Vietnam Resident Representative had after one year and a half living and working here.
Re-skill the labour force, strengthen digital connectivity and boost cooperation between public and private sector are the way forward for Vietnamese businesses to promote sustainable growth in 4.0 industrial revolution, according to Dinh Thi Quynh Van, General Director of PwC Vietnam.
Vietnam does not aspire to become the best in the global value chain, instead the country wants to be friend with the best, according to Prime Minister Nguyen Xuan Phuc at the Vietnam Business Summit held in Hanoi yesterday within the framework of the World Economic Forum on ASEAN.
Vietnam’s richest man earns more in a day than the poorest person earns in 10 years, according to an Oxfam Report which further specifies that despite this economic progress, the divide between the rich and poor has continued to grow.
The long term perspective for not only Vietnam but also every country to keep in mind is to make sure human is the focal point of the 4.0 industrial revolution, according to Professor Klaus Schwab, founder and executive chairman of the World Economic Forum.
While Vietnam has made great progress in reducing tariffs, there remains significant potential to reduce trade costs through rationalization of non-tariff measures or specialized controls, more efficient border management and logistics.
There remains a big challenge of intellectual property ahead to be resolved although brilliant sides of to-be-ratified EU Vietnam free trade agreement are miracle growth of mutual ex-import revenue and rising number of foreign companies in due to removal of hurdles.
The miracle economic growth of Vietnam is driven by exports, foreign direct investment (FDI), and manufacturing growth, according to a recently released report of Grant Thornton Vietnam on Vietnam Private Equity - Growth Prospects.
There is a number of key projects in the next two years including the construction of Long Thanh international airport in the first phase and three new airports, namely Van Don, Phan Thiet and Sapa.
Today, ASEAN celebrates its 50 years of peace, progress and solidarity. As Vietnamese Foreign Minister Pham Binh Minh puts it, “ASEAN, which was once a group of poor and backward countries, has now grown into the most dynamic economic community in Asia and the Pacific”.
Publication permit No. 348/GP-BTTTT dated July 19, 2017, granted by the Ministry of Information and Communications of the Socialist Republic of Vietnam
Editor-in-Chief: Nguyen Cao Cuong
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