In the process of aspiring to improve people’s lives, we naturally focus on increasing productivity and wealth, and bringing education and jobs, especially to those who are under-served. Those who see the immense potential in Vietnam want changes to occur more rapidly, but rapid changes do not occur without a higher rate of consumption. With increasing consumption comes an … [Read more...] about Managing an Unglamorous By-Product of Consumption
Business & Tech
Doing Business in Vietnam Series: 1. Taxes
Vietnam has been on a high real GDP growth rate (which is adjusted for inflation) since it started the economic renovation phase. In fact, its growth rate once ranked 2nd in the world with 8% annual GDP growth rate in the 90's and 7.5% in the 2000's up to right before the current global financial crisis. Even in this crisis, Vietnam real GDP's growth rate is still on the rise … [Read more...] about Doing Business in Vietnam Series: 1. Taxes
State of Intellectual Property and Copyright in Vietnam
It's hard to tell sometimes, but Vietnam has come a long way in protecting intellectual property. To join the World Trade Organization, Vietnam was required to meet international standards of IP protection. It passed the new IP Law in 2006 and adopted the Berne Convention on copyrights, for example. The result is that today Vietnam has relatively comprehensive set of laws … [Read more...] about State of Intellectual Property and Copyright in Vietnam
Shifting Eastward as CIVETS Join Rank of BRIC
Ten years ago, the term BRIC (Brazil, Russia, India and China) was used to refer to emerging markets with high growth potential. Recently, seven more countries, Vietnam among them, have been included in the rank of these emerging markets, and the group has been designated as CIVETS (Colombia, Indonesia, Vietnam, Egypt, Turkey and South Africa). According to HSBC, several main … [Read more...] about Shifting Eastward as CIVETS Join Rank of BRIC
Birth of Renewable Energy in Vietnam
Renewable energy as an alternative to high-carbon energy is desirable for environmental sustainability, as it reduces reliance on imported energy. However, for developing countries, the technologies that produce renewable energy come at prohibitively high prices, both financially and technically. A recent report published by the World Bank states that governments must balance … [Read more...] about Birth of Renewable Energy in Vietnam