The document discusses several challenges facing developing countries like Vietnam in sustaining economic growth and reducing poverty. It notes that while some countries have experienced growth, opportunities remain unequal both between developed and developing countries and among developing countries themselves. Rapid population growth also means that job creation often cannot keep pace. Both formal and informal labor markets exist, and underemployment is a problem. Rural-urban differences also present issues. Maintaining stable growth while balancing traditions will be important issues for Vietnam's future.
This study, drafted by the ITO company Officience, describes and analyses recent evolutions in the Vietnam's development, then focuses on ITsector. Actually, this growing country has emerged two decades ago and since it has known a huge leap forward. Thanks to this growth, Vietnam received more and more investings from foreign companies. This study brings out some macroeconomic and social specificities, espacially regarding the education field.
Dealing with IT issues, the Officience company underlines in this study levers used by Vietnam to promote and develop that IT sector. Indeed, this sector will go on growing and Vietnam is already perceived as a future leader of worldwide outsourcing services.
The government’s economic policy is defined by five-year economic plans. China is at a critical stage of her development China will have move up the ‘value chain’ as it loses its competitive edge in labour-intensive sectors. China is still a relatively poor country with an estimated GDP per capita on a PPP basis of US$12,879 in 2014, lower than Thailand. Policies to increase the real incomes of China’s middle class will encourage more consumption as a share of GDP and make the economy less reliant on exports and investment as key sources of economic growth.
The Chinese economy has many structural imbalances that will need to be addressed for sustainable growth to be maintained:
Chinese economy remains reliant on credit growth, with overall debt rising to 280% of GDP in mid-2015
China will need to shift away from imitating/copying Western technologies to generating more innovation Increasing competitive challenges are coming from lower-unit cost countries such as Vietnam, Indonesia and Mexico. Wages in the Chinese manufacturing sector have more than tripled since 2008.
This study, drafted by the ITO company Officience, describes and analyses recent evolutions in the Vietnam's development, then focuses on ITsector. Actually, this growing country has emerged two decades ago and since it has known a huge leap forward. Thanks to this growth, Vietnam received more and more investings from foreign companies. This study brings out some macroeconomic and social specificities, espacially regarding the education field.
Dealing with IT issues, the Officience company underlines in this study levers used by Vietnam to promote and develop that IT sector. Indeed, this sector will go on growing and Vietnam is already perceived as a future leader of worldwide outsourcing services.
The government’s economic policy is defined by five-year economic plans. China is at a critical stage of her development China will have move up the ‘value chain’ as it loses its competitive edge in labour-intensive sectors. China is still a relatively poor country with an estimated GDP per capita on a PPP basis of US$12,879 in 2014, lower than Thailand. Policies to increase the real incomes of China’s middle class will encourage more consumption as a share of GDP and make the economy less reliant on exports and investment as key sources of economic growth.
The Chinese economy has many structural imbalances that will need to be addressed for sustainable growth to be maintained:
Chinese economy remains reliant on credit growth, with overall debt rising to 280% of GDP in mid-2015
China will need to shift away from imitating/copying Western technologies to generating more innovation Increasing competitive challenges are coming from lower-unit cost countries such as Vietnam, Indonesia and Mexico. Wages in the Chinese manufacturing sector have more than tripled since 2008.
Global economics presentation. China'a role in the global economy. The presentation consists of Background,
GDP, Trade, Bad Publicity, Wages & Financial, and Economic Growth
This is a three slide short profile of the macroeconomic and development performance of South Korea. The country has successfully achieved high income status and membership of the OECD. The overall macroeconomic numbers are enviably benign - especially low unemployment, continued growth, low inflation and a strong external position. That said the economy also faces many longer term challenges and threats and the South Korean government is attempting to bring in reforms to sustain and improve their competitiveness. This profile is designed for A level economics students.
This is a three slide economic profile for Zambia. It looks at the main macroeconomic indicators and provides an evaluation of the main barriers to growth and development facing this commodity rich country. Can Zambia - which has reached lower middle income status - successfully transition away from an economy that is heavily reliant on copper mining?
Mexico is a fascinating country for students to look at as part of their studies in economic growth and development and macroeconomic policy. The country has an enviably low rate of unemployment and has made important progress in lifting per capita incomes for many of their 100 million plus inhabitants. But inequality remains very high, the economy is dominated by monopolies and there is also a huge informal, low productivity economy which needs to be addressed for future growth and development to be more inclusive. Can Mexico avoid a middle income trap?
China's economic slowdown isn't just bad for china94ajay
China's Economic Slowdown Isn't just bad for china, it's bad for everyone who trade with china, but India can take this opportunity to promote 'Make in India'
This revision presentation covers aspects of Extract 5 for the OCR F585 Global Economy paper - the main focus is on the structural (supply-side) issues facing the Zambian economy. The presentation offers contextual background and an overview of the supply-side policies that might be effective in sustaining the growth of the Zambian economy and lifting their human development outcomes.
OBJECTIVE
The Reserve Bank of India on 27th December 2019 released the 20th issue of the Financial Stability Report (FSR). The FSR reflects the collective assessment of the Sub-Committee of the Financial Stability and Development Council (FSDC) on risks to financial stability, as also the resilience of the financial system. The Report also discusses issues relating to development and regulation of the financial sector. In this Webinar, we shall understand the key findings and observations made in the Report.
Global economics presentation. China'a role in the global economy. The presentation consists of Background,
GDP, Trade, Bad Publicity, Wages & Financial, and Economic Growth
This is a three slide short profile of the macroeconomic and development performance of South Korea. The country has successfully achieved high income status and membership of the OECD. The overall macroeconomic numbers are enviably benign - especially low unemployment, continued growth, low inflation and a strong external position. That said the economy also faces many longer term challenges and threats and the South Korean government is attempting to bring in reforms to sustain and improve their competitiveness. This profile is designed for A level economics students.
This is a three slide economic profile for Zambia. It looks at the main macroeconomic indicators and provides an evaluation of the main barriers to growth and development facing this commodity rich country. Can Zambia - which has reached lower middle income status - successfully transition away from an economy that is heavily reliant on copper mining?
Mexico is a fascinating country for students to look at as part of their studies in economic growth and development and macroeconomic policy. The country has an enviably low rate of unemployment and has made important progress in lifting per capita incomes for many of their 100 million plus inhabitants. But inequality remains very high, the economy is dominated by monopolies and there is also a huge informal, low productivity economy which needs to be addressed for future growth and development to be more inclusive. Can Mexico avoid a middle income trap?
China's economic slowdown isn't just bad for china94ajay
China's Economic Slowdown Isn't just bad for china, it's bad for everyone who trade with china, but India can take this opportunity to promote 'Make in India'
This revision presentation covers aspects of Extract 5 for the OCR F585 Global Economy paper - the main focus is on the structural (supply-side) issues facing the Zambian economy. The presentation offers contextual background and an overview of the supply-side policies that might be effective in sustaining the growth of the Zambian economy and lifting their human development outcomes.
OBJECTIVE
The Reserve Bank of India on 27th December 2019 released the 20th issue of the Financial Stability Report (FSR). The FSR reflects the collective assessment of the Sub-Committee of the Financial Stability and Development Council (FSDC) on risks to financial stability, as also the resilience of the financial system. The Report also discusses issues relating to development and regulation of the financial sector. In this Webinar, we shall understand the key findings and observations made in the Report.
Vietnam is a fast-growing lower middle income country that has received considerable inward investment in recent years. This revision webinar for A-level Economics looks at the contextual evidence on Vietnam and compares and contrasts their current growth with China. It analyses some of the key growth drivers and evaluates barriers to growth including environmental challenges and vulnerability to external economic shocks.
Packaged food in Vietnam continued to develop in 2010 due to a continuous economic recovery, the signs of which included higher Gross Domestic Product (GDP) growth. Consumers’ spending confidence returned, which, combined with growing personal incomes and rapid urbanization, drove up the sales value of necessities such as sauces, noodles and condiments as well as indulgence and premium segments such as confectionery, ice cream, and sweet savoury snacks. In addition, the increasing prevalence of modern lifestyles and Western-influenced culture created huge potential for non-traditional food such as cheese, pasta and ready meals.
The development of bank system in Vietnam and its impacts on the development ...Vietcuong Le
It's a presentation of my group about "The development of bank system in Vietnam and its impacts on the development of the country".
I'll appreciate every comment and contribution from anyone!
Gezgin, U. B. (2007). Social and economic development of Vietnam: Governmental and management challenges. Paper presented at International Colloquium on Business & Management, Bangkok 2007. Bangkok, Thailand, 19-22nd November 2007. http://icbm.bangkok.googlepages.com/112.Ulas.Gezgin.RP.pdf
http://ulas.teori.org/index.php?option=com_content&task=view&id=633&Itemid=44
The presentation slides provide a superficial glimpse of the economics of Vietnam.
Please do conduct your own study too. This can only be used a reference and not all the information maybe correct
1. Author: Pham Duc Hai Making a Living In Developing Countries Sustaining Growth, Enhancing Equity, Ensuring Survival
2. Some Winners but Mostly Losers Income Differentials, Unequal Opportunities for Education, Health Care, Employments, etc. between developed and developing countries and also among developing countries
3. Labour force growth exceeds the rate of job creation Too many people enter the work force each year that exceed the rate of job creation... Vietnam average birth rate is 16.31 births /1,000 populations in 2009
4. Formal and Informal Labour Markets Unemployment or Employment or Under-employment in developing countries? How to count if they do not register with authority???
6. Urban Rural Contrast About three-quarters of the Vietnamese population live in rural areas, while agriculture accounts for 22% of the country's gross domestic product and 55.6% of the total labor force. "The rural population is going to be a huge market segment in Vietnam”… From www. News.gov.vn
7. Sustaining Growth and Ensuring equity Policy-Induced Slowdown Of Overheating Economy Needed The economy was overheating. We are still expecting a double-dip scenario with real GDP expansion dipping to 4.4% in 2010 after a forceful economic recovery in the three last quarters of 2009, which brought full-year growth for the year to 5.3%.
10. Main challenges for Vietnam ??? Ensure a highly stable social structure Keep a balance between higher standard of living and traditional values of Vietnamese Maintain the growth of GDP not mainly by exporting commodities, raw materials, labour but also increase the content of “Grey Matter” in the export and create a strong domestic market for local products, services, etc. Not dependent on ODA, FDI, Debt, too much…
11. Economic View Strengths* Vietnam has been one of the fastest-growing economies in Asia in recent years, with GDP growth averaging 7.6% annually between 2000 and 2007.* The economic boom has lifted many Vietnamese out of poverty, with the official poverty rate in the country falling from 58% in 1993 to 20% in 2004.Weaknesses* Vietnam still suffers from substantial trade, current account and fiscal deficits, leaving the economy vulnerable as the global economy continues to suffer in 2010. The fiscal picture is clouded by considerable 'off-the-books' spending.* The heavily-managed and weak dong currency reduces incentives to improve quality of exports, and also serves to keep import costs high, thus contributing to inflationary pressures.Opportunities* WTO membership has given Vietnam access to both foreign markets and capital, while making Vietnamese enterprises stronger through increased competition.* The government will in spite of the current macroeconomic woes, continue to move forward with market reforms, including privatization of state-owned enterprises, and liberalizing the banking sector.* Urbanization will continue to be a long-term growth driver. The UN forecasts the urban population to rise from 29% of the population to more than 50% by the early 2040s. Threats* Inflation and deficit concerns have caused some investors to re-assess their hitherto upbeat view of Vietnam. If the government focuses too much on stimulating growth and fails to root out inflationary pressure, it risks prolonging macroeconomic instability, which could lead to a potential crisis.* Prolonged macroeconomic instability could prompt the authorities to put reforms on hold, as they struggle to stabilize the economy.
12. Political View Strengths* The Communist Party government appears committed to market-oriented reforms, although specific economic policies will undoubtedly be discussed at the 2011 National Congress. The one-party system is generally conducive to short-term political stability.* Relations with the US are generally improving, and Washington sees Hanoi as a potential geopolitical ally in South East Asia.Weaknesses* Corruption among government officials poses a major threat to the legitimacy of the ruling Communist Party.* There is increasing (albeit still limited) public dissatisfaction with the leadership's tight control over political dissent.Opportunities* The government recognizes the threat that corruption poses to its legitimacy, and has acted to clamp down on graft among party officials.* Vietnam has allowed legislators to become more vocal in criticizing government policies. This is opening up opportunities for more checks and balances within the one-party system.Threats* The slowdown in growth in 2009 and 2010 is likely to weigh on public acceptance of the one-party system, and street demonstrations to protest economic conditions could develop into a full-on challenge of undemocratic rule.* Although strong domestic control will ensure little change to Vietnam's political scene in the next few years, over the longer term, the one-party-state will probably be unsustainable.* Relations with China have deteriorated over the past year due to Beijing's more assertive stance over disputed islands in the South China Sea and domestic criticism of a large Chinese investment into a bauxite mining project in the central highlands, which could potentially cause widescale environmental damage.
13. Business Environment View Strengths* Vietnam has a large, skilled and low-cost workforce, that has made the country attractive to foreign investors.* Vietnam's location - its proximity to China and South East Asia, and its good sea links - makes it a good base for foreign companies to export to the rest of Asia, and beyond.Weaknesses* Vietnam's infrastructure is still weak. Roads, railways and ports are inadequate to cope with the country's economic growth and links with the outside world.* Vietnam remains one of the world's most corrupt countries. Its score in Transparency International's 2008 Corruption Perceptions Index was 2.7, placing it in 20th place in the Asia-Pacific region.Opportunities* Vietnam is increasingly attracting investment from key Asian economies, such as Japan, South Korea and Taiwan. This offers the possibility of the transfer of high-tech skills and knowhow.* Vietnam is pressing ahead with the privatization of state-owned enterprises and the liberalization of the banking sector. This should offer foreign investors new entry points.Threats* Ongoing trade disputes with the US, and the general threat of American protectionism, which will remain a concern.* Labour unrest remains a lingering threat. A failure by the authorities to boost skills levels could leave Vietnam a second-rate economy for an indefinite period.Source: www.businessmonitor.com