China, in an implicit recognition that at least some of its Belt and Road-related projects risk trapping target countries in debt or fail to meet their needs, has conceded that adjustments may be necessary.
According to a survey conducted late last year, 82 per cent of Vietnamese businesses have not taken steps to prepare for the fourth industrial revolution (Industry 4.0), while just 10 per cent said they were ready, Minister of Industry and Trade Trần Tuấn Anh said during a session themed “Digital Market, Global Opportunity” held on Thursday as part of the World Economic Forum on ASEAN in Hà Nội.
The Association of the Southeast Asia Nations (ASEAN) will have to improve internal trade to reduce dependence on outside partners and boost the region’s economic growth, according to PricewaterhouseCoopers (PwC) senior officials.
Vietnam’s government will use a combination of trade deals and domestic reforms to survive the fallout from a U.S.-China trade war, according to Prime Minister Nguyen Xuan Phuc.
The Vietnam trade balance in the first eight months of 2018 showed a surplus of $2.8 billion. Yet, if counted only the export turnover in August, there is a trade deficit of nearly $100 million, which is a worrisome warning.
Vietnam — with its economy growing at its fastest pace in eight years in the first half of 2018 — is defying the stress in emerging markets as its Southeast Asian rivals face an uncertain outlook driven by trade war risks and a stronger dollar.
The World Economic Forum on ASEAN WEF ASEAN slated for September 11 13 in Hanoi will offer a chance for countries to share experience in utilising opportunities and addressing challenges generated by the fourth Industrial Revolution.
President Donald Trump recently threatened to pull the United States out of the World Trade Organization “if they don’t shape up.”
His argument is that the organization treats its single-largest investor unfairly, claiming that the U.S. loses “almost all of the lawsuits in the WTO.”
When elephants fight, the ants perish: The Khmer proverb captures the sense of peril in the escalating trade war between the United States and China. The world’s two superpowers have locked tusks over tariffs, and the rest of the world — especially Asia — seems in danger of being trampled.
China attributes great importance to consolidating ties with Vietnam, General Secretary of the Communist Party of China (CPC) and President Xi Jinping said while receiving Tran Quoc Vuong, Politburo member and permanent member of the Communist Party of Vietnam (CPV) Central Committee’s Secretariat in Beijing on August 20.
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