January 9, 2012
 Street vendors ply their goods in downtown Ho Chi Minh City. The Asian Development Bank has lowered Vietnam’s economic growth forecast in 2012 to 6.3 percent from 6.5 percent forecast last September. With the world economy remaining mired in difficulty, the Asian Development Bank forecasts a difficult year ahead for Vietnam. However, it [...]
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December 25, 2011
After years of sky-rocketing credit growth to finance development, Vietnam’s banking system is now weighed down by toxic loans that have forced the communist nation to launch tough reforms. The Southeast Asian country’s financial sector consists of about a hundred banks — either state-owned, private or foreign bank branches. But most have only limited [...]
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December 22, 2011
Russia’s President Dmitry Medvedev makes his annual state of the nation address in the Moscow Kremlin, on December 22. Russian President Dmitry Medvedev on Thursday unveiled political reforms in response to an outburst of protests, but warned that “provocateurs and extremists” were seeking to stir unrest in the country. Two days ahead of a new [...]
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November 14, 2011
Workers at a ship yard of the Vietnam Shipbuilding Industry Group, or Vinashin. Many in Vietnam hope the government will pursue reforms that are broad enough and deep enough to fix debt-ridden state banks and rein in inefficient state enterprises (SOEs) such as Vinashin, which embarrassingly defaulted last year. After four years of economic instability, [...]
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November 13, 2011
Wiping out small banks should not be the goal of banking reform A customer exits a branch of Joint-Stock Commercial Bank for Foreign Trade of Vietnam, or Vietcombank, in Hanoi. Bad debts at local banks are rising, raising concerns about the safety of the whole banking system. With bad debt exposure rising among local [...]
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October 8, 2011
Anyone who cares about Vietnamese education must have been shocked by recent media reports about the quality and quantity of students who passed entrance exams at specialized universities that train future high school teachers. The number of students applying to these universities has decreased dramatically compared to previous years. Many universities are even at [...]
Tags: Education, Entrance Exams, High School, higher, Huu Ta, needs, performances, reform, standards, students, system, teachers:, The Quality, The Universities, These Universities, Tran Huu, universities, Vietnamese, years
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September 11, 2011
Nation slips several notches on world competitiveness index Joint-Stock Commercial Bank for Foreign Trade of Vietnam, or Vietcombank, employees count dong bank notes in Hanoi. Experts have advised the government to continue reforming the banking sector. International development partners including the World Bank and the International Monetary Fund have urged the government to remain [...]
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August 8, 2011
Nguyen Sinh Hung, chairman of the 13th National Assembly. speaks at a press briefing Saturday Measures will be taken to reform Vietnam’s legislature, including giving its delegates more power to supervise provincial and central issues, National Assembly Chairman Nguyen Sinh Hung said. It’s not enough if the assembly only performs its supervisory function at its [...]
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May 30, 2011
Vietnam is facing enormous demand for infrastructure development, the World Bank says. The World Bank has approved a US$350 million loan to help Vietnam improve the efficiency of its public investments as part of a policy reform initative that started in 2009. The bank said the loan will focus on strengthening the four stages of [...]
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January 29, 2010
PM Nguyen Tan Dung on January 28 delivered a speech at the World Economic Forum’s Plenary Session on Reshaping the Global Governance in Davos, Switzerlands. Below is the speech in full. PM Nguyen Tan Dung speaks at the WEF on January 28 (photo: government’s website).I would like to share with you my thoughts on reshaping the global [...]
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