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Image : Vietnam among 18 countries where you don't have to leave a tip

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Image : Cape Town's gay mosque provides rare haven

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person Orange Themes access_time Oct 31,2016

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Boosting the completion of socialist-oriented market economy mechanism

access_time Feb 16,2017 chat_bubble_outline 53 views
Boosting the completion of socialist-oriented market economy mechanism

The event saw the presence of Politburo member and head of the Party Central Committee’s Economic Commission Nguyen Van Binh, along with nearly 100 delegates who are leading managers, scientists and economists from various ministries and sectors.


Dr. Nguyen Quang Thuan, President of the Vietnam Academy of Social Sciences, emphasised blocks that hinder the economic growth of Vietnam in the short term and mid-term including poor infrastructure, an unstable macroeconomy, weak State-owned enterprises and a small private sector.


He also pointed out other problems such as non-performing loans of the banking system and public debts which affect the rapid and sustainable growth of the Vietnamese economy.


Dr. Thuan also stated new problems for the economy in the mid-term and long term, which are its capacity to absorb, apply and create technology and management methods for enterprises in addition to the upward trend of urbanisation and inequality, among others.


He said that the biggest obstacle to economic development and growth is the decline in the trust of enterprises and people in the economic development model, requiring the perfection of the socialist-oriented market economy.


Delegates heard 20 speeches at the seminar focusing on achievements, shortcomings and issues raised during the process of completing the mechanism of the socialist-oriented market economy as well as plans and solutions to shortcomings in the context of the new situation.

Los Angeles unveils $5.3 bn budget for 2024 Olympics

Los Angeles (AFP) - Organisers of Los Angeles' bid for the 2024 Olympics on Friday unveiled an updated budget, vowing to deliver the Games within a $5.3 billion price tag.Bid chiefs said the LA 2024 plan would require "no surprises" and would benefit from more than 30 competition and non-competition venues which were already built or planned by private investors.The plan revised an initial budget announced in August 2015 which projected a $161 million surplus. No surplus was projected in the… chat_bubble_outline Read More...

About $1 bln spent on repaying foreign debt each year

About $1 billion from the State budget is spent for foreign loan and interest repayments every year, an official of the Ministry of Finance said on October 25.  Hoang Hai, Deputy Director of the ministry’s Department of Debt Management and External Finance, told the media that Vietnam may no longer benefit from Official Development Assistance (ODA) loans from July 2017. It will be provided with only preferential loans and loans under market-based conditions.  The repayment… chat_bubble_outline Read More...

Carrie Fisher and Harrison Ford's secret affair was nearly discovered by Mark ...

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Like White House race, Senate battle tightens in last days

Washington (AFP) - As the US presidential race enters its frantic final 72 hours, a battle for Congress is also coming down to the wire, with the fate of the Senate teetering on a knife's edge.Who runs the two chambers -- and the legislation introduced there -- is crucial, as bills can easily get stuck, particularly if the leadership does not belong to the same party as the president.Both the Senate and the House of Representatives are currently under Republican control.Last week, it was… chat_bubble_outline Read More...

Franck Ribery to miss Bundesliga match in Frankfurt

FRANKFURT, Germany (AP) — Bayern Munich winger Franck Ribery will miss Saturday's Bundesliga match at Eintracht Frankfurt because of injury.Bayern says Ribery has unspecified "muscular problems" and will not make the trip. Arjen Robben, the team's other winger, is fit again after a rib injury, however.After winning the first seven matches across all competitions with Carlo Ancelotti in charge, Bayern stumbled in the Champions League by losing 1-0 at Atletico Madrid and then drew 1-1 with… chat_bubble_outline Read More...

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