Opening up to trade and reforming the economy has helped Vietnam lift 40 million people out of poverty over the last three decades. Find out why -- and how -- the Vietnamese people managed this remarkably fast transition from low-income to middle-income status. Mdm. Nguyen Thi Hong, Deputy Governor of Vietnam’s Central Bank, tells the story.
Views: 90232 IMF
Over the past 25 years, Vietnam and the World Bank worked to develop the country’s Inland Waterway Transport sector, bringing about enormous change. But investment in inland waterways transport currently accounts for only about 1% of the total transport investment, and more is needed to ensure the full potential of the sector is met, helping to bring social, economic and environmental benefits to Vietnam.
Views: 779 World Bank
In early April 2018, the VNIndex hit a new record of 1,200 points – surpassing its previous peak in 2007. By June 2018, the market capitalisation of equity and debt markets reached $160bn, equivalent to the nominal GDP of Vietnam. There's been notable foreign investment in the Vietnamese stock market – and MSCI predicts that it could be upgraded from a frontier market to an emerging market by 2020. MB Securities' Tran Hai Ha and Le Quoc Minh discuss the prospect of an upgrade, Vietnam's M&A boom, and MB Securities' investment banking and advisory services in the country. This video is mostly in Vietnamese with English subtitles. For a full transcript visit: https://www.worldfinance.com/videos/mb-securities-vietnamese-ma-boom-will-grow-to-50bn-in-2020 For more World Finance videos go to https://www.worldfinance.com/videos/
Views: 35462 worldfinancevideos
Vietnam’s rapid economic development has caused some negative impacts on the environment and human health. To increase environmental performance and quality of life, the UNIDO Project aims to transform existing industrial zones into eco-industrial parks in three pilot industrial zones, Can Tho, Da Nang and Ninh Binh.
As Vietnam’s cities grow and quality of life improves, higher demand for more electricity is making the country look to renewable energy. A World Bank-supported project there is helping the private sector connect with commercial banks to develop small renewable plants and develop Vietnam’s green energy market.
Views: 1333 World Bank
In December 2009, the World Bank and Vietnam signed a $500 million development policy loan that supports a program of public investment reforms in the country. Senior Economist Martin Rama explains why the loan, the largest ever to Vietnam by the Bank, signals how far the country has come.
Views: 20799 World Bank
A quick video from Data61's Strategic Insights team, showcasing their work on researching the future of Vietnam's Digital Economy. Read the full Vietnam Today report here: http://www.data61.csiro.au/en/Our-Work/Future-Cities/Planning-sustainable-infrastructure/Vietnam-Today
Views: 2830 CSIRO's Data61
T/I 11:09:15 The Americans are returning to China Beach. This time, though, the Americans flocking to China Beach are contractors, developers, and financiers...instead of GIs taking a break from the Vietnam War at the famous R & R (rest and recreation) resort. Earlier this month, the Vietnamese government gave the go-ahead to the u.s. investment company BBI Investment Group Chartered to develop Vietnam's biggest seaside resort...and now the project is underway. The resort site 10kms (six miles) south of Da Nang covers 217 hectares (536 acres) of prime coastal property. SHOWS: VIETNAM RECENT 0.00 bay with boat rowing across shot 0.06 street scene in Danang 0.10 vietnamese on the beach 0.15 western tourists on the beach 0.19 pan along site to be developed 0.29 Paul Linse, vietnam vet, and project manager of the Indochina Beach Hotel "Most everybody who served in central vietnam at one time or another passed through this area. The water is clear, unpolluted, the sand is clean these are the same things that people had before. If they came back they would remember." 0.38 picture over sot - pan along beach 0.45 picture over sot - coastline with mountains in distance 0.48 couple laughing 0.53 old woman meditating on beach 1.00 ENDS You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/1c526589bda929030ec69e592f9cfd6a Find out more about AP Archive: http://www.aparchive.com/HowWeWork
Views: 41 AP Archive
Over 20 years, Vietnam has transformed remarkably. Despite being the dumping ground for dollar inflation and consistent devaluation of its own currency, the country has developed into an attractive investment opportunity because of its revolutionary economic reforms. By using the Confucian style tactic of economic warfare, Vietnam turned the economic policies deployed against it into the greater opportunities of economic development. Let’s have a look at how the devaluation of dong occurred and the potentials of its revaluation in coming years. Devaluation of the Dong After the American war of aggression, Vietnam faced trade embargo from the United States, which prevented the country from a reconstruction boom after the hostilities ended. What made it worse was when the U.S. put a ban on imports to Vietnam through economic sanctions which created a shortage of foreign capital required for reconstruction process, thus causing further economic deterioration. Moreover, the sanctions reduced the employment rate due to reduced industrial capacity. Additionally, a similar ban on exports limited Vietnam’s access to foreign capital markets, which could raise funds for industrial and macroeconomic infrastructure otherwise. Since exports to communist countries were considered a violation of the U.S. strategic interests, the embargo also blocked financial assistance from the World Bank and International Monetary Fund (IMF). During this period, Vietnam started to export its cheap labor and natural resources to a handful of countries that stood against the U.S. embargo. Due to the low exchange rate, some countries couldn’t resist the lure of business opportunities in Vietnam and began investing its imports and exports. Just then, the United States used its power and influence within IMF to devalue dong even further while lifting the sanctions. The intent of this move was to keep the value of dong low, encouraging the use of the U.S. dollar rather than Vietnamese dong in the local market. Revaluation of Dong The dong has been pegged to the U.S. dollar for nearly 4 decades to facilitate the dumping of dollar inflation. Due to this reason, the dollar has been predominantly used by Vietnamese financial institutions, which prevented the dong from gaining its original value. However, this is going to change soon as the Vietnamese Business Forum has been exploring ways to stabilize the Vietnamese dong. The Macroeconomic Policy Working Group (MAG) has recently put forward suggestions to introduce a new foreign exchange policy which allows the revaluation of the dong in correlation with multiple foreign currencies. The foreign exchange reforms will not only stabilize the exchange rate, but will also bring a dramatic adjustment to the foreign currency markets. Besides, the World Bank is openly supporting the Vietnam’s policy group which further reinforces the revaluation of the Vietnamese dong. Those who are anticipating profits from investing in dong are likely to see an upside in coming years. If you haven’t invested in dong yet, get the best deals of dong from us today!
Views: 7115 Buy VND
Vietnam needs to increase the number of jobs created in the modern sectors; to increase the quality of jobs in traditional sectors; and to develop a more agile and broadly skilled labor force, that is able to adapt to changing future employment.
Views: 1263 World Bank
Foreign direct investment (FDI) has become a huge driver of growth for Vietnam, attracting businesses seeking large-scale production capacity and skilled workers. Samsung’s Mr. Ha Chan Ho shares his experience working in Vietnam and how this dynamic economy has benefited the company.
Views: 56987 IMF
Bridging the infrastructure gap is essential to achieving the Sustainable Development Goals and ending poverty. Join the multilateral development banks (MDBs), as well as development partners and representatives of the G20, G24, G77 to discuss opportunities for investment and cooperation http://wrld.bg/ZRR4q
Views: 1085 World Bank
A description of participatory rural appraisal in Central Vietnam. Filmed in Đắk Tô, Tu Mơ Rông, Kon Tum, Vietnam Produced by Nguyen Viet Khoa, Gender Center, Hanoi Script by Paul Mundy, www.mamud.com Published by the Capacity Building for Central Region Poverty Reduction Project, HTS Agrisystems Supported by the Ministry of Planning and Investment, Vietnam; the Asian Development Bank; and the Department for International Development, United Kingdom Vietnamese version available at https://www.youtube.com/watch?v=dtGi-OQi3Fo
Views: 4962 Paul Mundy
Some foreign investors choose Vietnam over the Philippines due to concerns over infrastructure and ease of doing business, a European trade group said Friday. Subscribe to the ABS-CBN News channel! - http://bit.ly/TheABSCBNNews Visit our website at http://news.abs-cbn.com Facebook: https://www.facebook.com/abscbnNEWS Twitter: https://twitter.com/abscbn
Views: 4581 ABS-CBN News
This is a revision video and presentation on aspects of growth and development in the fast-growing country of Ethiopia. There are many ways in which the Ethiopian economy can be applied to different areas of the A level economics course. CONNECT WITH TUTOR2U ECONOMICS Web: https://www.tutor2u.net/economics Twitter: tutor2u Economics: https://twitter.com/tutor2uEcon Twitter: Geoff Riley https://twitter.com/tutor2uGeoff Facebook: https://www.facebook.com/tutor2u Instagram: https://www.instagram.com/tutor2uecon/ MORE HELP WITH A LEVEL & IB ECONOMICS Online webinars: https://www.tutor2u.net/economics/events/students/online Revision Workshops: https://www.tutor2u.net/economics/events/students/face-to-face Study Notes on every Topic: https://www.tutor2u.net/economics/reference/study-notes Key topics: https://www.tutor2u.net/economics/topics - - - - - - - - - MORE ABOUT TUTOR2U ECONOMICS: Visit tutor2u Economics for thousands of free study notes, videos, quizzes and more: https://www.tutor2u.net/economics A Level Economics Revision Flashcards: https://www.tutor2u.net/economics/store/selections/alevel-economics-revision-flashcards A Level Economics Example Top Grade Essays: https://www.tutor2u.net/economics/store/selections/exemplar-essays-for-a-level-economics
Views: 7270 tutor2u
Community supervision boards in many provinces in Vietnam play an important role monitoring public investment projects at the commune level.
Views: 599 World Bank
The article about key facts about "Investment in Bank in Vietnam, Myanmar, Laos, Cambodia" can be found here: http://www.grandwaktu.com Vietnam is doing more to attract foreign investors to its troubled banking sector. The State Bank of Vietnam, the country's central bank, is preparing a draft regulation that aims to attract more foreign investment into local banks, according to a document posted on its website early this week. The central bank said it wants to boost the domestic banking sector by allowing more foreign investors to expand their ownership in local banks. "In special cases, the prime minister can let foreign investors own more than a 30% stake in a local bank, but that is in the process of being changed," said the document. The central bank didn't say when the regulation will take effect. As Deal Journal previously reported, Japanese banks have been among the most active -- or the only active -- foreign investors into Vietnam's banks, even as the sector is plagued by slowing macroeconomic growth and mounting bad loans. In recent years, Japanese firms have stepped up investments in Vietnam as they seek more affordable alternatives to China, and Japanese banks usually follow Japanese corporates into markets to provide loans to them. Also, loan growth in Asia's emerging markets provide much higher growth rates than in Japan. Currently, Vietnam limits ownership for an individual foreign investor in a local bank at 5%, while a foreign institution can own up to 15%. Foreign investors are allowed to hold a total of up to 20% in a local bank, except in special cases. Total foreign ownership in a local bank can be as high as 30% if the prime minister endorses the investments. The banking sector's bad debts totaled 8.8% at the end of 2012, up from around 6% at end-2011, the central bank said.
Views: 192 Irvin Pell
Vietnam's investment in roads is the highest in East Asia, with about 84% of rural hamlets now connected by roads. But that's little comfort to the remaining 359 communes that remain isolated and in poverty --studies show a correlation between poor road access and low incomes.Through the World Bank-DFID supported Third Rural Transport Project, the government is building more than 3,000 kms of roads to provide all-weather access to poor communities in north and central Vietnam.
Views: 1945 World Bank
The Ministry of Public Security pressed charges against Ha, former chairman of Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV), with violating banking regulations, on Thursday. Three other senior officials - Tran Luc Lang, former deputy general director at BIDV, Kieu Dinh Hoa, former director of BIDV branch in Ha Tinh Province in north central Vietnam and Le Thi Van Anh, former head of the customer service department at the branch, also face the same carges. Lang and Hoa are also in custody. Ha was investigated for his responsibility in "very serious" violations committed at state-owned BIDV, Vietnam's second largest listed bank. In its report in June, the Central Inspection Committee, the top watchdog of Vietnam's Communist Party, concluded that Ha had violated the democratic centralism principle and working regulations, was guilty of mismanagement, as well as violations of the duties and responsibilities of his position. Ha also violated credit procedures and regulations in approving a number of loans, investments and debt management decisions. In particular, he enabled 12 companies owned by Pham Cong Danh, former chairman of VNCB, to borrow VND4.7 trillion ($206 million) from BIDV. While BIDV eventually managed to retrieve this money, the loans had helped Danh steal over VND9 trillion from VNCB. At a trial in 2016, Danh was sentenced to 30 years in prison, the maximum jail term allowed by Vietnam's Penal Code. In addition to holding Ha responsible, inspectors found that the standing committee of BIDV's Party unit for the 2010-2015 and 2015-2020 terms had also violated the democratic centralism principle, showed lack of responsibility, poor leadership and lack of inspection and supervision. These violations in turn enabled multiple systematic violations to occur at BIDV, causing very serious consequences and resulting in many staff members being criminally prosecuted, negatively affecting the lives of all BIDV employees, the inspectors said. Ha was expelled from the Party in June. Ha, 61, worked at BIDV for 35 years before retiring in September 2016. During the trial that opened in January regarding violations committed by Danh and Tram Be, a former deputy chairman of Sacombank who also let Danh borrow money from his bank, Ha was summoned as a witness and a person with related interests and obligations. However Ha did not attend the trial, and his lawyer said he was being treated for cancer in Singapore. The trial was eventually postponed due to a lack of evidence or a strong enough argument to press charges against Danh, Be and 44 other bankers standing trial. When the trial resumed in July, Ha was summoned again, along with 234 other people. He did not show up again, as he was reportedly still in Singapore for treatment. A source told VnExpress that after a surgery in Singapore early this year, Ha had returned to Vietnam and then moved to Laos. Details of Ha's arrest, including the location, are not yet available. Danh was sentenced to 20 years in jail while Be received four years in the July trial. Vietnam has over recent years arrested and tried several bankers over financial irregularities as it seeks to restructure a banking system still reeling from nonperforming loans, mismanagement and under-regulated lending. The BIDV arrests come amid a... Source: http://x.5la.net/?url=e.vnexpress.net/news/news/former-chairman-of-top-vietnam-bank-arrested-as-corruption-crackdown-widens-3846800.html OTHER VIDEOS: 👉 Cambodian caught with 2,000 ecstasy pills in Saigon, arrested http://youtu.be/vZWEvpi6Qr4 👉 Vietnam denies returning jailed oil executive to Germany http://youtu.be/xbpsiAsPL9w 👉 F1 race would rev up Vietnam’s development: PM http://youtu.be/Q2kP1sM7loU 👉 American may face death for Vietnamese tourists’ murder http://youtu.be/isP4uOaR1eI 👉 Hanoi erupts after Vietnam’s victory against Malaysia http://youtu.be/0_l2UfZQ6wU 👉 Vietnam to host F1 race in 2020: official http://youtu.be/jUECtpPqOFA 👉 Saigon driver flees after car ploughs into bikes, kills one, injures four http://youtu.be/OLyq0diFqVs 👉 AFF Cup: Vietnam-Laos match tickets in high demand http://youtu.be/m3qsXKvj6dM 👉 Saigon fines Taiwanese graffiti artist for vandalizing walls http://youtu.be/Qk2ZHSpMzH0 👉 Expats outraged as American man begs on Saigon streets http://youtu.be/fFGxp8qZ7ag SPONSOR: 💰 CNtronic© - Consumer Electronics Retailer http://cntronic.com 💰 eGenuineParts© - Heavy Industrial Machine Parts http://egenuineparts.com 💰 GranjaFarm© - Eat Clean And Green. Eat Organic http://granjafarm.com 💰 BUY GranjaFarm King Pepper Black Peppercorns 8oz http://granjafarm.com/pepper/peppercorns+grille+worcester (❤‿❤) KEEP IN TOUCH WITH US : ★ Website http://video.5la.net ★ Facebook http://facebook.com/5la.net ★ Tumblr http://5la.tumblr.com ★ Pinterest https://www.pinterest.com/video5la/video-everyday
Views: 13 VIETNAM NEWS
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Views: 78872 Study IQ education
MaximsNewsNetwork: 23 December 2009 - World Bank: Vietnam - Vietnam's goal to reach middle-income status by 2010 moved a step closer today following the approval by the World Bank's Board of a $500 million development policy loan that will support the country's stimulus program and drive a major program of public investment reforms. Vietnam gets its first loan from the International Bank for Reconstruction and Development (IBRD), a low-interest lending arm of the World Bank aimed at reducing poverty in middle income and creditworthy poorer countries. Until now, support to Vietnam has come from the World Banks International Development Association (IDA) which provides credits and grants to the worlds poorest countries. SOUNDBITE (English) Jim Adams, Vice President for the East Asia & Pacific region, World Bank: This is an important milestone for Vietnam, when Vietnam first began borrowing 15 years ago from the Bank it was a very poor low income country, facing enormous challenges. Because it has followed good economic policies and implemented its program well, we now view it as eligible for lending from the Bank and this will allow Vietnam to increase its overall borrowing from the bank and have a more effective investment program. The loan, the first of an expected two, is the Banks direct response to a request from the Government of Vietnam for resources to support its stimulus package which has been helping to sustain economic activity throughout the economic crisis. Over the last two years, Vietnam has experienced a succession of shocks starting with massive capital inflows in 2007, a surge in commodity prices in 2008 and export declines as a result of the global economic crisis. Stimulus measures adopted in late 2008 and supplemented in early 2009 contributed to a growth rate of 4.6 percent for the first nine months of 2009. SOUNDBITE (English) Victoria Kwakwa, Vietnam Country Director, World Bank: The loan is in support of a program of public investment reforms in Vietnam, Vietnam has a pretty decent record of how it has managed it public investments. As it reaches middle income status, the investment financing needs and the investment needs are significantly larger, and this means that a lot more attention needs to be paid to ensuring that public resources are used as efficiently as possible in delivering these investments, and so this program of reforms will support efforts to strengthen the whole investment cycle, from the planning, to the preparing to the implementation. The reform program will target environmental screening of publicly funded infrastructure projects, environmental management, project preparation and appraisal, procurement, public financial management, the regulatory framework for private participation in infrastructure and monitoring and evaluation. Todays loan approval builds on the recent Country Partnership Strategy Progress report which was approved by the Bank's Board last November. The report highlights a number of new areas of engagement for the World Bank Group in Vietnam that are in line with evolving Government priorities, including further financial support for Vietnams natural disaster response and the development of a framework for public-private partnerships. ........................................................................................................................................................................ ( THE WORLD BANK ) ........................................................................................................................................................................ MaximsNewsNetwork: News Network for the United Nations and the International Community. See: http://www.MaximsNews.com. "GIVING POWER & RESONANCE TO THE VOICE OF THE INTERNATIONAL COMMUNITY" .............................................................................................................................
Views: 1049 MaximsNewsNetwork
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Indonesia's economy isn't growing as fast as President Joko Widodo had promised it would when he was elected five years ago. But the president, who is also known as Jokowi, has put the economy at the centre of his pitch to voters for the April elections once again. He is spending huge sums to try to get re-elected for a second term, giving regional governments billions as well as giving hand-outs to the country's poorest. While Indonesia is well on its way to becoming a $2 trillion economy in the next five years, a population of more than 250 million people strung across more than 17,000 islands is being held back by - among other things - poor infrastructure. The World Bank estimates that Indonesia has an infrastructure gap of $1.5 trillion compared with other emerging markets. Widodo is halfway through a 10-year, $327bn programme to construct new airports, highways and ports. Indonesia's first subway has opened in the country's capital, Jakarta last week - a development that's seen as crucial to tackling some of the world's worst congestion costing Indonesia billions in lost revenue. So what is holding Indonesia's economy back? And could it damage the president's hopes for re-election? "I think there's a number of factors ... [holding back the economy]," says Gareth Leather, senior economist at Capital Economics. "I think more fundamentally, it's just been a failure to revitalise the manufacturing sector, which, when he [Joko Widodo] set out five years ago was one of his key aims ... In Indonesia, it's incredibly expensive to hire and fire workers. And what that means is that people are reluctant to set up manufacturing facilities in Indonesia when they could so much more cheaply in neighbouring, say Vietnam for example. I think that's been the key reason why growth has failed to come anywhere near the government's target." According to Leather, Widodo "has made some reasonable progress in infrastructure spendings ... The key thing that he really needs to do is press ahead with these labour market reforms ... I think without that then Indonesia is really going to struggle to attract the kind of manufacturing sector that it needs to really raise growth above the five percent that we seem to be stuck at the moment. "If you look at the most successful Asian economies since the second World War ... What they all had in common was a very competitive export-orientated manufacturing sector. Now this is something that Indonesia really struggled to create and generate .... Until you see the big changes in the labour market - and also land reform is another area that he hasn't really touched on - Indonesia is really going to struggle." Also on Counting the Cost: Struggling to earn a living in Manila: Around one in five of the Philippines' 106 million people live in extreme poverty, getting by on less than $2 a day. Many, including children, work long hours as street vendors or labourers to make enough money to feed themselves. Hunger occurs most in the agriculture and fishing sectors where 70 percent of workers are poor. Jamela Alindogan reports from Manila. Political funding in India: India's Prime Minister Narendra Modi declared the country a space power after the successful test of an anti-satellite missile, but opposition leaders complain that Modi used the test to score political points. More than 900 million Indians will go to the polls in the world's biggest democratic process beginning on April 11. Political parties are expected to spend $7bn over the election cycle that ends on May 23. But who is financing political parties and their candidates? Sreeram Chaulia, Jindal School of International Affairs, talks to Counting the Cost about political funding, recent reforms and the issues around it. Community farms in Venezuela: Community farms are springing up in the oil-rich nation of Venezuela as US economic sanctions kick in. Venezuela produces only 20 percent of the food it consumes and a turn to farming is crucial for them to survive in the face of their political and economic crises. Teresa Bo reports from Caracas. - Subscribe to our channel: http://aje.io/AJSubscribe - Follow us on Twitter: https://twitter.com/AJEnglish - Find us on Facebook: https://www.facebook.com/aljazeera - Check our website: https://www.aljazeera.com/ #AlJazeeraEnglish #Indonesia #CountingtheCost
Views: 40242 Al Jazeera English
Why is Marc Faber wrong on Thailand and Vietnam real estate? Andrew Henderson responds to Marc Faber's analysis of emerging market real estate. While Faber makes some excellent points on the US market, some of his claims about Southeast Asia aren't really the best advice. Andrew loves Vietnam and believes that there could be some great opportunities there, but buying real estate there is probably not a good idea. The truth is that Vietnam real estate market is all but ready to fall apart, but nobody is really talking about it. There are some promising cities like Da Nang, that will be turned into resorts, but aside from that area, there isn't much investment opportunity in Vietnam. In general, things are massively overpriced at real estate level in this country and the government itself isn't inspiring a lot of trust. What are Andrew's thoughts on Thai real estate? Keep watching the video. Subscribe to our channel and stay tuned for more videos and information about second passports, offshore strategy, reducing your taxes and going where you're treated best. --- ABOUT NOMAD CAPITALIST Andrew Henderson travels to nearly 30 countries every year to stay up to date on the latest legal strategies for entrepreneurs and investors to pay less tax, grow their money faster, and build their personal freedom. Andrew started Nomad Capitalist to help people like you follow his five magic words: "go where you're treated best". He has personally started foreign companies, opened offshore bank accounts, and obtained multiple second passports. He also learned the hard way that perpetual information seeking is often the biggest barrier to getting the results you want. Many entrepreneurs spend months and even years constantly researching how to pay less in tax or live overseas, but are afraid to make the jump. As a result, they get stuck and keep paying a fortune in taxes and never get the lifestyle they deserve. Nomad Capitalist's Youtube channel is based on Andrew's vision that focusing on the end result, rather than the latest shiny object, is the best way to actually obtain the benefits of the Nomad Capitalist lifestyle. About Andrew: http://www.nomadcapitalist.com/about/ Our website: http://www.nomadcapitalist.com Our blog: http://www.nomadcapitalist.com/blog/ Work with Andrew: http://www.holanomad.com/
Views: 7102 Nomad Capitalist
What is BRICS? BRICS is an association of the 5 biggest emerging economies in the world; Brazil, Russia, India, China and South Africa. The association began with four members in 2009, and South Africa was later included in 2011. The purpose of this association was to improve the financial situations of the fastest growing economies in the world. All 5 countries had the aim to reform the established international financial institutions, like the World Bank, and they wanted an alternate currency for performing international trade. BRICS Development Bank Adhering to their agenda, they formulated the BRICS Development Bank, now known as the New Development Bank (NDB). BRICS nation formed the bank in July of 2014, as an alternative international financial organization to the World Bank and IMF (International Monetary Fund). Headquartered in Shanghai, China, the NDB will provide loans to developing countries, in order to strengthen their infrastructure. NDB’s Impact on Vietnam Before it reached its current stabilized place in the international market, Vietnamese currency devalued at an alarming rate. And the major reasons why this currency is not reflecting the economic progress of Vietnam, are the IMF and World Bank. Both these institutions hold great sway in the international market and their preferred currency is the US dollar. With the help of the NDB international trade will occur using alternate currencies, other than the dollar or euro, and possibly even the said country’s local currency; which will help to strengthen the currency of countries like Vietnam. VND in particular is expected to revalue, because of the impeding trade agreements Vietnam has with Russia and China. Both countries are expected to make large investments in Vietnam in the near future, in multiple economic sectors. Since China and Russia are BRICS members, the trade will go through BRICS, and not World Bank or IMF. Predicting when and how fast the Dong will revalue is difficult, but the one surety is that the revaluation will happen in the near future. If you have been thinking about investing in the VND, then now is the time to do it. Check out our collection of VND bank notes and select amount of investment you want to make, we offer authentic, safe and reliable VND purchases.
Views: 710 Buy VND
The Ministry of Public Security pressed charges against Ha, former chairman of Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV), with violating banking regulations, on Thursday. Three other senior officials - Tran Luc Lang, former deputy general director at BIDV, Kieu Dinh Hoa, former director of BIDV branch in Ha Tinh Province in north central Vietnam and Le Thi Van Anh, former head of the customer service department at the branch, also face the same carges. Lang and Hoa are also in custody. Ha was investigated for his responsibility in "very serious" violations committed at state-owned BIDV, Vietnam's second largest listed bank, linked to a massive fraud case at Vietnam Construction Bank (VNCB). In its report in June, the Central Inspection Committee, the top watchdog of Vietnam's Communist Party, concluded that Ha had violated the democratic centralism principle and working regulations, was guilty of mismanagement, as well as violations of the duties and responsibilities of his position. Ha also violated credit procedures and regulations in approving a number of loans, investments and debt management decisions. In particular, he enabled 12 companies owned by Pham Cong Danh, former chairman of VNCB, to borrow VND4.7 trillion ($206 million) from BIDV. While BIDV eventually managed to retrieve this money, the loans had helped Danh steal over VND9 trillion from VNCB. At a trial in 2016, Danh was sentenced to 30 years in prison, the maximum jail term allowed by Vietnam's Penal Code. In addition to holding Ha responsible, inspectors found that the standing committee of BIDV's Party unit for the 2010-2015 and 2015-2020 terms had also violated the democratic centralism principle, showed lack of responsibility, poor leadership and lack of inspection and supervision. These violations in turn enabled multiple systematic violations to occur at BIDV, causing very serious consequences and resulting in many staff members being criminally prosecuted, negatively affecting the lives of all BIDV employees, the inspectors said. Ha was expelled from the Party in June. Ha, 61, worked at BIDV for 35 years before retiring in September 2016. During the trial that opened in January regarding violations committed by Danh and Tram Be, a former deputy chairman of Sacombank who also let Danh borrow money from his bank, Ha was summoned as a witness and a person with related interests and obligations. However Ha did not attend the trial, and his lawyer said he was being treated for cancer in Singapore. The trial was eventually postponed due to a lack of evidence or a strong enough argument to press charges against Danh, Be and 44 other bankers standing trial. When the trial resumed in July, Ha was summoned again, along with 234 other people. He did not show up again, as he was reportedly still in Singapore for treatment. A source told VnExpress that after a surgery in Singapore early this year, Ha had returned to Vietnam and then moved to Laos. Details of Ha's arrest, including the location, are not yet available. Danh was sentenced to 20 years in jail while Be received four years in the July trial. Vietnam has over recent years arrested and tried several bankers over financial irregularities as it seeks to restructure a banking system still reeling from nonperforming... Source: http://x.5la.net/?url=e.vnexpress.net/news/news/former-chairman-of-top-vietnam-bank-arrested-in-massive-fraud-case-3846800.html OTHER VIDEOS: 👉 Expulsion of students based on privacy breach questioned http://youtu.be/XspYiC684jc 👉 Hue exhibition shows US’s deadly Agent Orange legacy http://youtu.be/KuZ1x0qTRzY 👉 Two sisters detained in central Vietnam for trafficking woman to China http://youtu.be/6vj-GRBrdP4 👉 Near downtown Hanoi, residents take their bikes for a walk http://youtu.be/sXgLkIuIb2M 👉 Vietnam vets welcome French PM's visit to Dien Bien Phu battle site http://youtu.be/jwrSYh1bdNU 👉 55 children suffer food poisoning after meal in Saigon church http://youtu.be/IA2JaWCVXxc 👉 Woman with large quantity of smuggled cosmetics detained in Hanoi http://youtu.be/V4qrU-sZQ4U 👉 US abandons effort to deport Vietnamese immigrants http://youtu.be/RNVqZvYMxiE 👉 Hanoi announces 5.5km circuit for 2020 F1 race http://youtu.be/AJhLsHQZK2c 👉 Vietnam reiterates opposition to Cuba sanctions http://youtu.be/tvS_D3UzkWo SPONSOR: 💰 CNtronic© - Consumer Electronics Retailer http://cntronic.com 💰 eGenuineParts© - Heavy Industrial Machine Parts http://egenuineparts.com 💰 GranjaFarm© - Eat Clean And Green. Eat Organic http://granjafarm.com 💰 BUY GranjaFarm King Pepper Black Peppercorns 8oz http://granjafarm.com/pepper/peppercorns+grille+worcester (❤‿❤) KEEP IN TOUCH WITH US : ★ Website http://video.5la.net ★ Facebook http://facebook.com/5la.net ★ Tumblr http://5la.tumblr.com ★ Pinterest https://www.pinterest.com/video5la/video-everyday
Views: 7 VIETNAM NEWS
Vietnam's reverse migration is just starting to take off. What are some themes to look out for as the last cub of the Asian Tigers fulfills its economic and cultural potential? Got a story idea for us? [email protected] Instagram: https://goo.gl/gbcme7 Facebook: https://goo.gl/wp7ycT Visit us online: https://goo.gl/EfUB7N
Views: 2139 Vietcetera Media
On February 6, the Center for International Private Enterprise (CIPE) hosted a panel discussion on China’s overseas investment practices. Speakers (from left to right): - André Soares, Counselor at the Board of Directors, Inter-American Development Bank - Sun Yun, Senior Associate with the East Asia Program, Stimson Center - Deborah Brautigam, Director of the China Africa Research Initiative, School of Advanced International Studies (SAIS) - David Barboza, Correspondent, New York Times - Andrew Wilson, Executive Director, Center for International Private Enterprise (discussion moderator)
Export-Import Bank of Malaysia Berhad (EXIM Bank) was incorporated on 29 August 1995 as a government owned development financial institution through a wholly owned subsidiary of the Minister of Finance Incorporated. The Bank was established to promote reverse investment and export of strategic sectors such as capital goods, infrastructure projects, shipping, value added manufactured products and to facilitate the entry of Malaysian companies to new markets, particularly to the non-traditional markets. VISION To be a leading Financial Institution for Malaysian cross-border ventures. MISSION As a Development Financial Institution (DFI) we strive to Facilitate Malaysia's global businesses by providing Islamic banking and credit takaful products & services and provide developmental advisory services in nurturing Malaysian cross-border business ventures. MANDATED ROLE As an agency under the purview of the Ministry of Finance, EXIM Bank’s mandated role as specified by the Government is as to provide credit facilities to finance and support exports and imports of goods, services and overseas projects with emphasis on non-traditional markets as well as the provision of export credit insurance services, export financing insurance, overseas investments insurance and guarantee facilities. CLIENTELE The Bank’s clientele consists of large corporations, SMEs, foreign governments and foreign companies and cover all sectors ranging from trading, manufacturing and infrastructure. STRATEGIC ALLIANCES EXIM Bank continues to pursue alliances with international associations and multilateral organisations and have also executed several agreements to further boost its business and market outlook. As at to date, EXIM Bank is a member of the Berne Union, an international organisation for Export Credit Agencies; a member of Asian EXIM Banks Forum, an association of 9 EXIM Banks in Asia; The Aman Union and Association of Development Financing Institutions in Asia and the Pacific. EXIM Bank in its export promotion effort also collaborates with Malaysian government agencies including Ministry of International Trade and Industry (MITI), Malaysia External Trade Development Corporation (MATRADE), Malaysian Investment Development Authority (MIDA), Small And Medium Enterprise Corporation Malaysia (SMECorp), and Construction Industry Development Board Malaysia (CIDB).
Views: 336 exim malaysia
Shelley sits down with Cambodian opposition leader Mu Sochua to discuss China's influence in her country's authoritarian regime. Contribute! Join the China Uncensored 50-Cent Army! https://www.patreon.com/ChinaUncensored Subscribe for more episodes! https://www.youtube.com/NTDChinaUncensored Make sure to share with your friends! ______________________________
Views: 153729 China Uncensored
Doan Anh Sang, former deputy chief executive officer of the bank, formally known as Joint Stock Commercial Bank for Investment and Development of Vietnam, was accused of "violations of regulations on banking operations." Police also arrested four executives of the bank for similar allegations and a businessman accused of property appropriation. Sang, 57, was accused of violating banking regulations when approving loans for Binh Ha farming company, based in the central province of Ha Tinh. The violations caused BIDV losses of VND890 billion ($38.3 million), local media reports said. The bank’s former chairman, Tran Bac Ha, and two other executives were arrested in November, also for allegedly violating banking regulations. Sang was removed from his position at the bank in late August amid investigation into its wrongdoings. Source: http://x.5la.net/?url=e.vnexpress.net/news/news/former-banker-arrested-amid-corruption-crackdown-3866412.html OTHER VIDEOS: 👉 South Korean leader hails Vietnam AFF Cup victory http://youtu.be/E6_RMA_XRjM 👉 Travel agencies fined, licenses revoked in Vietnam http://youtu.be/3OUw7uuejIw 👉 Chinese vessels carrying 500 tons of undeclared offal detained http://youtu.be/q25j7OD-VXM 👉 European man beats disabled Vietnam bar staff to death http://youtu.be/ps_Xs6t8gJI 👉 Two thieves preying on foreign women nabbed in Vietnam resort town http://youtu.be/vUyhio260-E 👉 Saigon prepares New Year firework displays http://youtu.be/tqA4Ztr4gEg 👉 Vietnam urges Egypt to grant urgent visas for families of bomb blast victims http://youtu.be/zUvPABkfJVE 👉 Vietnam football coach named Asian of the Year http://youtu.be/BYS0rfR1D18 👉 Six face trial in southern Vietnam for stealing prize-winning lottery tickets http://youtu.be/sDDiyxjlIdc 👉 Painting by Vietnamese fetches $100,000 at Sotheby's auction http://youtu.be/Vi8CqnNuajk SPONSOR: 💰 CNtronic© - Consumer Electronics Retailer http://cntronic.com 💰 eGenuineParts© - Heavy Industrial Machine Parts http://egenuineparts.com 💰 GranjaFarm© - Eat Clean And Green. Eat Organic http://granjafarm.com 💰 BUY GranjaFarm King Pepper Black Peppercorns 8oz http://granjafarm.com/pepper/sweet+black+pepper (❤‿❤) KEEP IN TOUCH WITH US : ★ Website http://video.5la.net ★ Facebook http://facebook.com/5la.net ★ Tumblr http://5la.tumblr.com ★ Pinterest https://www.pinterest.com/video5la/video-everyday
Views: 2 VIETNAM NEWS
Talk with Deepak Mishra about the Monetary Policy of Vietnam in the first quarter of 2013
Views: 383 Cương Phạm Như
When Vietnam started privatizing state-owned enterprises in the 80s, the private sector, which includes local businesses, began to flourish. When Vinamilk, a dairy product company, was privatized the company expanded globally, and today are operating in more than 43 countries, surpassing $2billion revenues in 2016. That’s a lot of milk!
Views: 108692 IMF
http://wrld.bg/zy6n30kGb7N - Nature-based tourism is an indispensable element to a country’s economic and environmental health. It creates jobs, promotes foreign investment and contributes to global GDP. However, the biggest impact it has is on many local communities who depend upon nature-based tourism for their livelihoods. Through the story of Nguyen thi Ngoan, this video captures the link between biodiversity conservation, economic development, and poverty alleviation as it applies to Vietnam but the narrative of which resonates around the world.
Views: 39317 World Bank
From 25th to 29th January, 2019, top men in SAPA Thale group, including billionaire Mai Vu Minh - Chairman of the Board, Ms. Andrea Nguyen - Deputy General Director, Mr. Jamal Khang - Deputy General Director International Investment have come to Dubai to work with Dubai Development Investment Agency - Dubai FDI and a series of leading Dubai enterprises, including Emirates NBD - the greatest bank in the Middle East, DIFC - World Finance Center, DP World - one of the Top 9 largest seaports in the world ... This visit was executed due to the invitation of the Dubai Ministry of Economic Investment and Dubai FDI. At the meeting with SAPA Thale group, Mr. Fahad Al Gergawi - Vice Chairman of the World Investment Association (WAIPA) and CEO of Dubai FDI said: “The Dubai Government will create conditions for the sucess of the Bilateral Investment Cooperation Program between SAPA Thale Group and Dubai FDI. Trade opportunities between Vietnam and Dubai are very potential. SAPA Thale Group and Dubai FDI are quickly deploying projects in Vietnam and UAE.” After the meeting with DP World, Billionaire Mai Vu Minh said: “Our business trip was very effective. DP World sees great potential for seaport and infrastructure development in Vietnam ”. Before that, on December 11, 2018, in HCM city the signing ceremony of the bilateral investment cooperation program between Mai Vu Minh and Vice Chairman of the World Investment Association (WAIPA) and CEO of Dubai Government Development Investment Agency (Dubai FDI). - Fahad Al Gergawi and representative of Milcon Gulf Group -Jamal Khang took place. Two days later, on December 13, 2018, the "Bilateral Investment Cooperation Program" delegation had a meeting with Deputy Minister of Planning and Investment of Vietnam, Vu Dai Thang, to discuss the investment cooperation plan between Dubai. FDI and SAPA Thale entered Vietnam. It is known that this bilateral investment cooperation program is implemented in many fields, including finance - banking, high technology development, infrastructure development, environment, energy, transportation, real estate, hotels and tourism. Dubai enterprises stressed that they will continue to increase support to improve the investment environment in Vietnam. Commercial transactions between Vietnam and the Middle East has been significant growth recently. In 2018, according to the Vietnam News Agency, bilateral import and export turnover of Vietnam and Dubai reached 10 billion USD and is expected to increase to 15 billion USD in 2025. SAPA Thale Group, that was established in Germany, specializes in luxury real estate and financial investments in Germany, Vietnam and other countries in the world.
Views: 38 Billionaire News
What is the 2019’s outlook for commodities? Hear from Vasu Menon, Senior Investment Strategist, Wealth Management Singapore, OCBC Bank and a member of OCBC Wealth Panel. For more information, please visit ocbc.com/premier.
Views: 159 channelocbc
Vietnam’s population is growing old at the fastest rate of any nation in recorded history. This could cause a shrinking of the Vietnamese labor force. Originally published at - http://learningenglish.voanews.com/media/video/old-age-debt-threaten-vietnam-economy/3196764.html
Views: 26321 VOA Learning English
Expand your perspectives on Vietnam with Charles Crampon and Mark Shklov as they review the past and the future of international relations. ThinkTech Hawaii streams live on the Internet from 11:00 am to 5:00 pm every weekday afternoon, Hawaii Time, then streaming earlier shows through the night. Check us out any time for great content and great community. Our vision is to be a leader in shaping a more vital and thriving Hawaii as the foundation for future generations. Our mission is to be the leading digital media platform raising pubic awareness and promoting civic engagement in Hawaii.
Views: 9085 ThinkTech Hawaii
On December 13 in Hanoi, Deputy Minister of Planning and Investment Vu Dai Thang reveived a delegation of businessmen from the “Bilateral investment cooperation program”. deputy minister of planning and investment meets businessmen from investment cooperation program Deputy Minister of Planning and Investment Vu Dai Thang poses for a group photo with Vietnamese-German billionaire Mai Vu Minh and Dubai businessmen The delegation includes Chairman of SAPA Thale Group - Vietnamese-German billionaire Mai Vu Minh, Vice President of the World Association of Investment Promotion Agencies (WAIPA) and CEO of Dubai Investment Development Agency (Dubai FDI) Fahad Al Gergawi, CEO of Beaufort Global Rene Bernad Beil and a representative of Milcon Gulf Group Giang Ly Lien Khang. At the meeting, Deputy Minister Thang listened to bilateral investment plans from Dubai FDI and the SAPA Thale Group in Vietnam in various fields: Finance, banking, high technology and infrastructure development, environment, energy, transportation and real estate, hospitality and tourism, as well as efforts to improve the investment environment in Vietnam. On behalf of the business delegation, billionaire Mai Vu Minh said: "We will make all-out efforts to boost investment to Vietnam from Dubai in particular and the UAE in general in the coming time. This “Bilateral investment cooperation program” lays a foundation for Vietnamese firms to lure more investment from Dubai and the Middle East region. It is also expected to help boost economic ties between domestic and Dubai businesses. Previously, SAPA Thale Group inked a bilateral investment cooperation deal with Dubai FDI on December 11 in Ho Chi Minh City. SAPA Thale Group was established in Germany and operates in finance investment in Germany, Vietnam and many other countries in the world.
Views: 204 TTX VN
China is heavily investing in two infrastructure routes: a “21st Century Maritime Silk Road” stretching from Southern China across the Indian Ocean to connect Southeast Asia, South Asia, and Africa to the Mediterranean; and a land-based Silk Road Economic Belt connecting Western China to Europe via Central Asia. Establishing these transcontinental trade routes will likely cost over one trillion dollars and will cover 65% of the world's population. This investment could help fill a wide “infrastructure investment gap” in China and the 68 other Asian, African, and European countries it passes through, however, traditional international development actors such as multilateral investment banks and developed nations are concerned about the outcomes, terms, and process that come with this massive investment. There are still a number of questions surrounding how China might protect the route after it's built and if the benefits will outweigh the risk. Should recipient countries be worried about political strings that might come attached to OBOR projects? What impact does this different unilateral, loan-based model have on the recipient countries? How likely is China to succeed in achieving these grand investment goals and how will a project of this scale continue to contribute to China’s own growth? What type of impact does this project have on global trade in general? Join us and Dr. Thomas Fingar, a Shorenstein APARC fellow in the Freeman Spogli Institute for International Studies at Stanford University, to discuss these and other questions surrounding China’s massive undertaking. SPEAKER: Thomas Fingar Shorenstein APARC Distinguished Fellow, Freeman Spogli Institute for International Studies Stanford University MODERATOR: Markos Kounalakis Visiting Fellow, Hoover Institution For more information about this event please visit: http://worldaffairs.org/event-calendar/event/1809 ------------------------------------------------------------------------------------------------------ Facebook: https://www.facebook.com/WorldAffairsCouncil/ Twitter: https://twitter.com/world_affairs Website: http://www.worldaffairs.org
Views: 68790 World Affairs
http://www.weforum.org/ 06.06.2010 Global Risks, Asian Responses Asian economies are forecast to grow at 7% on average in 2010, well above the estimated world average of 4.1%, but challenges such as new asset bubbles, overregulation, rising unemployment and chronic diseases are among the most pressing threats to social and economic stability. How are these risks interlinked and what measures can decision-makers from the region take now to avoid the potential of systemic failure in the future? In partnership with the World Economic Forum, NHK hosts this debate focusing on global risks and how regional leaders respond to them. Balaji Sadasivan, Senior Minister of State for Foreign Affairs of Singapore Victor L. L. Chu, Chairman and Chief Executive Officer, First Eastern Investment Group, Hong Kong SAR; Member of the Foundation Board of the World Economic Forum Donald P. Kanak, Chairman, Prudential Corporation Asia, Hong Kong SAR Masahiro Kawai, Dean and Chief Executive Officer, Asian Development Bank Institute, Japan; Global Agenda Council on Systemic Financial Risk Kiat Sittheeamorn, President of Thailand Trade Representative Chaired by Aiko Doden, Senior Commentator, NHK (Japan Broadcasting Corporation), Japan
Views: 11186 World Economic Forum