If you are following the news recently, you will realized that many people and industries are frustrated about the under-valued Chinese currency. These folks are blaming that such action by China is increasing the US current trade-deficit with China and it is weakening the American economy. Some others are citing China as the main reason why American is too slow in recovering … [Read more...] about China Hurts Its Own Citizens with Under-Valued Currency
Business & Economy
Vietnamese Are Richer Than You Think
If you have been to Vietnam, you'd most likely see a large disparity in income among the Vietnamese population. It is a common complain that "the rich are too rich, and the poor are too poor". In my latest chat with a recent Vietnamese immigrant, this person confirmed the complain with her own experience and further added that equality is getting worse by the year. That … [Read more...] about Vietnamese Are Richer Than You Think
Long Waits Could Hurt Economy
Vietnam is a booming economy since 1990 and it's growing even faster over the year. When compared to the region of South East Asia, Vietnam has been in the lead of GDP growth since 1995 until now. Despite the worldwide financial crisis of 2008, Vietnam is still among the highest growth economies in the area: (source) However, please note that highest growth rate DOES NOT … [Read more...] about Long Waits Could Hurt Economy
Traditional and Conventional Agriculture, an Economic Perspective
Before the dominance of conventional agriculture, food was grown using natural fertilizers and could be considered primarily organic; this method came to be known as traditional agriculture. Conventional agriculture, which involves techniques using certain non-organic fertilizers, pesticides, insecticides and herbicides, gained a strong foothold due to the claim of higher crop … [Read more...] about Traditional and Conventional Agriculture, an Economic Perspective
Buying and Selling with Vietnam
Vietnamese economy is among the fastest growing economies in the new millennium - average 6.5% within the last 10 years (source: CIA Factbook). Industries are gradually shifting away from agriculture productions and more into manufacturing and services: (source: EU Trade Commission - click for large size) Also, GDP per capita has been growing and is currently at its highest … [Read more...] about Buying and Selling with Vietnam