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Image : Will Vietnam become an emerging market in three years?

Will Vietnam become an emerging market in three years?

person Orange Themes access_time Nov 20,2016

The Vietnamese stock market has been listed by Morgan Stanley Capital International (MSCI) as a frontier market. Will it be upgraded into an emerging market in three or five years?

Image : US unemployment rate falls to 4.9% on solid job creation

US unemployment rate falls to 4.9% on solid job creation

person Orange Themes access_time Nov 04,2016

The US economy added a solid 161,000 jobs in October while the unemployment rate fell to 4.9 percent, according to Labor Department figures released Friday. In a show of steady momentum in the world's largest economy, the department revised upward

Image : Local airlines plan new services, more seats in peak summer travel season

Local airlines plan new services, more seats in peak summer travel season

person Orange Themes access_time May 31,2017

Bao Moi - Domestic airlines are planning to launch new routes and operate additional flights to meet growing demand during the peak summer travel season.

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Le Pen to push for Frexit if EU refuses to return key powers

access_time Jan 06,2017 chat_bubble_outline 53 views
Le Pen to push for Frexit if EU refuses to return key powers

Paris (AFP) - French far-right leader Marine Le Pen pledged Friday if elected president she would campaign for France to leave the EU if Brussels fails to surrender control over national borders, law-making and economic and monetary policy.

Le Pen, who has promised to dump the euro and organise a Brexit-style referendum on France's membership of the European Union, has recently appeared to soften her stance, saying she is open to a "common currency" co-existing alongside a national currency.

Addressing a gathering of foreign correspondents, the National Front (FN) leader said: "I have not changed my mind on the process I will put to the French with regard to the EU."

If she wins the vote on May 7, she said she would immediately begin negotiations with the EU on restoring "four fundamental types of sovereignty: territorial, economic, monetary and legislative".

The discussions, which would centre on France's call for the restoration of intra-European borders and the ability to adopt protectionist policies, would last six months after which she would organise a 'Frexit' in/out referendum.

"Either I will have secured the return of those four sovereignties and I will advise the French to remain in a new Europe of nations, or I will not and then I will advise them to leave the EU.

"There is no question for me of betraying the people."

On the euro, Le Pen said she had "never been hostile to the return of a form of common currency", citing the European Currency Unit (ECU), a pre-euro basket of currencies that existed alongside national currencies, as a model.

- Euro 'knife in ribs' -

Polls last year showed French voters were opposed to exiting the EU but were more conflicted about the common currency.

Le Pen admitted that the French had "fears" about a so-called Frexit but viewed the euro as a "millstone".

Brussels, she charged, had used the euro in Greece "not as a currency but a knife that you stick in a country's ribs to force it to do what its people don't want to do."

The anti-immigration, anti-EU Le Pen is seen as one of the top contenders for the French presidency, with polls routinely showing her making it to the run-off round in May against the conservative candidate Francois Fillon.

Under her leadership, the FN has gone from strength to strength, topping the vote in France in European elections in 2014.

Like Donald Trump, she has warm ties to Vladimir Putin's Russia.

On Friday, she declared she would be no one's puppet.

Sketching her vision of a multipolar world, she said: "I am a totally free woman."

"I don't want France to be subjugated by the US... I also don't want us to be subjugated by Russia."

May lays groundwork for post-Brexit India trade deal

New Delhi (AFP) - Prime Minister Theresa May said Britain would become the ultimate free trade champion as she laid the groundwork Monday for a potential post-Brexit deal with India, the world's fastest growing major economy.In her first bilateral trip outside Europe since taking office in July, May said Britain would not "turn its back on the world" once it has left the EU but wanted new economic relationships that would benefit all sides."We want Britain to become the most committed and most… chat_bubble_outline Read More...

Ricky Martin proposes to boyfriend Jwan Yosef

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Vietnam to grow 5.1% a year till 2050: PwC report

The report issued on February 7, entitled “The World in 2050—The Long View: How Will the Global Economic Order Change by 2050?” lists Vietnam as the 32nd-largest economy in the world, with a gross domestic product (GDP) value based on purchasing power parity (PPP) at US$595 billion. PwC anticipates the country will grow on average 5.1% per annum, making it one the world’s most rapidly progressing countries. The report predicted that by 2030, according to GDP based on PPP, Vietnam would climb up… chat_bubble_outline Read More...

Ministry raises warnings over Brazilian rotten meat scandal

Local authorities in Vietnam have warned about the large import of meat from Brazil following a recent rotten meat scandal in the South American country. Vietnam imported USD12.8m worth of meat from Brazil in the first two months of 2017, accounting for 7% of the import revenue from Brazil.  A seller on Phan Dang Luu Street, HCM City said that although the shop was only opened recently, the business was good because many consumers prefer imported meat, especially beef. Besides American and… chat_bubble_outline Read More...

HCM City aims for sustainable realty market

Vice Chairman of the HCM City People’s Committee Le Van Khoa asked relevant departments to improve management and take measures to tackle factors that could create the conditions for a property market bubble. The graphic map of ​Thanh My Loi urban area in HCM City. Khoa pointed out during a working session with the municipal Department of Construction this week that there is a shortage of low and mid-end apartments, while high-end properties are abundant. “The imbalance in supply and demand… chat_bubble_outline Read More...

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