In 2001, the National Congress of the Communist Party of Vietnam announced plans to accelerate industrialization and modernization. The goal was to bring the country into the fold of modern, industrialized nations by 2020. Unfortunately, this goal appears increasingly unattainable.
Slowing Economic Growth
Analysts predict that Philippine GDP will go from $300 billion in 2015 to $500 billion by 2020. From there, GDP will double to $1.05 trillion by 2029. The nation’s GDP per capita will increase from $3,000 to $6,000 by 2024. The Philippines can create a long-term growth capacity of 5.5 percent each year from 2016 to 2020.
In the last five years, austerity has undermined our public services, lowered the living standards of working people, pushed more children into poverty and held back economic growth.
Nicola Sturgeon, Scottish first minister and Scottish National Party leader at the party’s manifesto launch.
Talks between China and South Korea on boundary delimitation in the Yellow Sea offer a chance to improve bilateral relations and the prospect of extending the agreement to other seas, in particular the South China Sea.
One of the largest Southeast Asian economies is weakening as trade slows and labor shortages hinder growth.
Thailand is likely to see 3.6% GDP growth in 2015, according to the Asian Development Bank, which revised downward its forecast on weak exports, high domestic private debt, and weakening commodity prices.
It may seem fairly obvious, but only those people who fulfil particular requirements are given voting rights in an election. In Japan, voters must be Japanese citizens aged 20 or over and have a registered address in a municipality within a relevant electoral district for more than three months. According to the Public Offices Elections Law, exploiting this requirement by moving one’s residential registration to another municipality — just on paper — for the purpose of voting, while continuing to reside in an original municipality, is illegal.
Vietnamese Prime Minister Nguyen Tan Dung’s visit to Australia in mid-March 2015 has highlighted how Australia–Vietnam relations relate to the broader strategic picture in the Asia Pacific. While much attention is paid to ‘the rise of China’, the ‘Pacific pivot’ of the United States and the concerns of major powers like Japan, India and Indonesia, regional strategic issues are also important to middle powers such as Australia and Vietnam.
Given the absence of any major US data, China and Europe will attract the markets attention. EM sentiment starts the week caught in a crosscurrent.
Republican People’s Party (CHP) opposition member Kemal Kilicdaroglu pledges to boost income for working people, reform welfare and create an atmosphere of economic growth as the economy spirals downward. Kilicdaroglu also promises democratic reform and an information-based society.
China instituted new financial reforms to battle a surging stock bubble that many analysts fear will burst at any minute.
The China Securities Regulatory Commission said last Friday that it would make more shares available for short selling while also restricting the ability of advantage from shadow financing. Historically, a limited number of shares were available in Chinese markets for short selling, which has left few options for investors looking to bet against the sharp rise in stocks.
