Vietnam has received 80 billion USD in official development assistance (ODA) and preferential loans since 1993, becoming one of the largest ODA recipients in the world, said Deputy Prime Minister and Minister of Foreign Affairs Pham Binh Minh.
Thousands of scrap containers have been massively imported, causing backlogs at Vietnamese seaports and a high risk of environmental pollution. This fact requires the strong involvement of State management agencies. Around this issue, the reporter of Customs interviewed Deputy Director General of Vietnam Customs, Mr. Mai Xuan Thanh on the solutions of the Customs.
The Vietnamese government will have to decide either to devalue the Vietnamese đong further against the US dollar to support exports and avoid cheaper Chinese goods to flood in the local market, or keep the dollar/đong exchange rate stable to avoid increased public debt and control inflation as the US-China trade war accelerates.
In today’s deeply interconnected world, we need rules and institutions to govern markets and economic activity more than ever. Yet multilateralism is under increasing strain, and the lack of a clear and consistent means for assessing changing global power dynamics is not helping.
Right now, trade wars are the greatest threat to global growth. And if President Trump implements the threat of tariffs on autos, it could be the tipping point for a global equity selloff.
Donald Trump’s trade war is an international tragedy. But it could have a happy ending if it eventually reminds us of the risks that free trade imposes on people, and if we improve our insurance mechanisms to help them.
As President Trump’s recent auto, aluminum, and steel tariffs on the European Union and China have worried globalists about the possible destruction of the global trade order, U.S. Trade Representative Robert Lighthizer is simultaneously pursuing new bilateral free-trade agreements (FTAs) with the United Kingdom, Japan, the Philippines, Vietnam, and counties in sub-Saharan Africa.
While the TPP tries to find its feet, many have been looking to the Regional Comprehensive Economic Partnership (RCEP) to stand up for global trade. Agnes Vargas, regional head, Greater China & ASEAN at Commerzbank, explores the deal and its potential to effect change.
From the moment humans tapped into their need to explore, globalization was inevitable. And encounters between differing tribes, nations, and cultures have driven innovation and fueled the imagination.
That is the comment of the Minister cum Chairman of the Office of Government, Mr. Mai Tien Dung at the working session of the Prime Minister's working group with the ministries and sectors about specialized inspections in Hanoi on 12 July 2018.
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