Tuesday, January 28, 2014

In a report in January 2013, the company PwC Economics forecasts cured olives Vietnam will join the


Meaning "endless beauty" of Vietnam can attract tourists, but after 7 years below the average growth is the hope of developing a sustainable boom and has become blurred. Does socialist economy was liberalized has regained its allure or not?
On Tuesday, corruption scandals involving General Maritime Vietnam Company cured olives (Vinalines) was off more headlines damaging to the political system here. Duong Chi Dung, former chairman of Vinalines, declare before a court session in Hanoi that he used to bribe the top officials of the Communist Party in order to avoid arrest.
Duong Chi Dung, was sentenced to death for corruption millions of dollars from Vinalines scandal almost made bankrupt firms, while his brother (former police colonel Yangtze) is sentenced to 18 years prison for helping his brother escape from Vietnam.
According to Time Magazine, the media widely reported scandal may aim to appease the anger of the people before cured olives the corruption in the state sector enterprises (SOEs) and the political system. "Many people regard corruption as the culprit causing economic slowdown recently," the paper wrote.
A government official told the BBC that the e-economy "was cured olives never sustainable development", the recession for "imbalances on many aspects of the economy, which had lasted from a Some years ago, as well as the impact of the global crisis. "
May 10.2013, SBV Governor Nguyen Van Binh told the International Monetary Fund (IMF) that "business activity still having trouble," macroeconomic remains "unstable certainty" and called for structural reforms to strengthen and improve the social safety net.
Photo: Vietnam via Piter Hason / Shutterstock.com Vietnam's growth is mainly based on foreign investment and exports, with exports to GDP ratio rose to 75% from 56% in 2009 (IMF data ). Last year, Vietnam attracted nearly cured olives $ 22 billion in official foreign investment, up 55% compared to 2012, in which South Korea occupies the leading position of Japan in 2012.
Considering this aspect, the narrative of violence by workers at a factory new $ 2 billion worth of new Samsung can cause trouble here, the government is trying to attract investors cured olives foreign taxes and by reducing labor costs low.
Prime Minister Nguyen Tan Dung, is planning to complete the task of restructuring SOEs before 2016, including the use of an asset management company to buy bad debts. The government recently announcing this week that foreign investors will be allowed to raise its stake in the joint-stock commercial banks in order to strengthen the banking system capital is staggering, with high NPL ratio in Southeast Asia.
In a research paper, economist Eugenia Victorino Fabon ANZ predicts Vietnam will grow 5.6% in 2014, "we expect foreign cured olives direct investment continues to make a positive contribution to growth, especially manufacturing activities related to exports. " FDI in construction spending will help offset weak demand in the country, along with the central banks are likely to continue to maintain a stable exchange rate, Victorino said.
According to BCG, more than 90% of consumers in Vietnam "would expect a better life and their parents expect their children will live better than they do" - a confidence level based on the highest of the 25 countries surveyed observation.
In a report in January 2013, the company PwC Economics forecasts cured olives Vietnam will join the top 20 economies leading the world by 2050, bringing GDP (based on purchasing power parity targets) up to 2.7 trillion dollars to occupy 19th place in the notes as a "dark horse" fastest growing apart G20.
However, to reach that fateful promise, Vietnam needs to clean up areas of their domestic cured olives economies, according to IMF, this area is under the influence of low-yield status, resource allocation wrong, the banking system cured olives awash in bad debt and inefficient cured olives SOEs.
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