There is no doubt that Vietnam, like many other East Asian and Pacific countries, is facing difficult times with the current global slowdown. Vietnam's growing openness to world markets has left it more vulnerable to plunging commodity prices, declining global trade, and tightening of capital markets. The latest East Asia and Pacific Update by the World Bank, however, paints … [Read more...] about World Bank Reviews Economic Outlook of Vietnam
Business & Economy
The Healthy and the Rich: Where Vietnam Stands
The chart below, compiled from statistics from the United Nations, shows where Vietnam stands with the rest of the world in terms of health and wealth. Health is measured by deaths before 5 years old and wealth is measure by Gross National Income. Where Vietnam stands may surprise you. … [Read more...] about The Healthy and the Rich: Where Vietnam Stands
Vietnamese Diaspora – A “Brain Drain”?
"Brain-Drain" is the migration of best and brightest from poor countries to rich countries. Vietnam, like many other low and middle income countries, had seen its best leave for greener pastures. But now, at least for some countries, the best and brightest may be returning home. UC Berkeley Haas School of Business professor, Dr. AnnaLee Saxenian, has been studying the … [Read more...] about Vietnamese Diaspora – A “Brain Drain”?
Vietnam’s Own Financial Crisis Averted
The chart to the left shows how many Vietnam dong can be purchased with 1 USD. Since Vietnam's currency exchange is fixed, the black market exchange rate is a better indicator. In 2008, Vietnam's inflation was out of control and the dong was worth less, much less. On May 2008, Merill Lynch speculated Vietnam will suffer an inflation shock that may cause investors to pull … [Read more...] about Vietnam’s Own Financial Crisis Averted
American Professors See Vietnam as a Rapidly Emerging Economy
A group of faculty members from the UC Denver's Center for International Business and Education Research traveled to Vietnam in January to study its emerging economy. Cliff Young, a professor and associate dean of the Center was left with the following impression on Vietnam, “It was like a town under rapid construction, they were trying to build as fast as they can.” The UC … [Read more...] about American Professors See Vietnam as a Rapidly Emerging Economy