Vietnam Archives - Page 4 of 5

Asian Development Bank Loans Vietnam $230M

The Vietnamese government and the ADB agreed to a $230M loan package to make the country more competitive worldwide. The loan means to boost economic development in such areas as finance and public administration.

In an effort to recover from the worldwide financial calamity, Vietnamese officials look to the future by growing the economy for the long-term. Tomoyuki Kimura of the ADB said the Southeast Asian country hopes to integrate into the international community by becoming a formidable economic competitor.

Vietnam Economy Rises

Asian Pop Culture Captures Vietnam’s Heart

An endless line of water that starts from a shallow stream, grows into a big river, and then flows into the ocean. That’s how Vietnam’s former deputy prime minister, Vu Khoan, described the progress made by Vietnam and South Korea in 2012, as they celebrated the 20th anniversary of the establishment of bilateral relations. The development of Vietnam–South Korea relations over the past two decades has been a ‘the Pacific miracle’.

Can Bold Reforms Propel Vietnam for the Next 30 Years?

Since the launch of bold economic reforms in 1986, Vietnam has transformed itself from an impoverished and isolated economy into one of the fastest-growing and most open economies in the world. But it should not be complacent. It must undertake decisive and bold productivity reforms to reignite transformational prosperity in the coming decades.

Despite Challenges, Vietnam Commits to Diplomatic Plan

Vietnam has recently upped its diplomatic efforts to strengthen relations with major powers by signing comprehensive and strategic partnership agreements. The underlying diplomatic philosophy is to create interdependent relations with as many major powers as possible, while avoiding taking sides. And whether or not the benefits outweigh the costs, Vietnam is unlikely to change course any time soon.

Are Vietnam’s Diplomatic Successes Overshadowed by China?

US–Vietnam military relations have improved remarkably in recent years but talk of an enhanced alliance between Washington and Hanoi overlooks important geopolitical and historic nuances. Defence relations between the two countries turned a page in the early 2000s, when both countries moved beyond the legacy of the Vietnam War. Both countries began to actively explore new ways to work together.

Could Vietnam Become a Proxy for Others in Maritime Disputes?

Vietnam’s diplomacy saw many successes in 2014, but also faced many challenges.

Steady as She Goes, Vietnam’s Economy Improves

The mutuality of Asia’s economic interests centring on deepening economic integration is a potential foundation for building an Asian economic community that encompasses the ASEAN 10 plus their six neighbours, Japan, South Korea, China, India, Australia and New Zealand.

Vietnam is on a Roll that Should Continue in 2015

For Vietnam’s leadership, 2014 was another year of growing into a role as an increasingly active international player, both diplomatically and economically. Two events — the Haiyang 981 oilrig incident and TPP accession negotiations — gave Vietnam a place in the spotlight and shed light on a continued path for 2015.

Vietnam’s Political Landscape in 2015

Vietnam will begin 2015 on a fairly sound economic footing. The national economy has largely recovered from Hanoi’s ill-advised efforts to mitigate the impact of the 2009 Great Recession. That sobering experience exposed structural weaknesses which, left unfixed, could condemn Vietnam to languish in a middle-income trap, unable to realise the potential of its relatively young and well-educated population.

The Vietnamese Education System is Vital to the Country’s Economic Future

For Vietnamese youth, a university degree is the entry ticket to the middle class and a promise (often unfulfilled) of an urban professional job. Enrolment in higher education has grown from 162,000 in 1992 to over two million last year, some 25 per cent of the nation’s college-age population. Business, finance and foreign trade degrees are prized, a consequence of the Vietnamese economy’s globalisation.