Warren Fernandez, Editor-in-Chief, The Straits Times Warren Fernandez, Editor-in-Chief, The Straits Times These days, Harvard Professor Graham Allison is hailed as something of a prophet. Officials he met in China recently referred to him as the man who “predicted” a clash between the United States and China, he says. “It was not a prophesy,” he adds. “I simply pointed out the recurring patterns of history.” “Today, the conversation has moved to the more urgent question, which is, what’s to be done, and how to escape Thucydides’ Trap?” He is talking about his ground-breaking, best-selling book, published in 2017, with the ominous title, Destined for War: Can America and China escape Thucydides’s Trap? The book, whose title refers to an ancient Greek historian’s chronicle of upstart Athens taking on Sparta, caught global attention for its study of 16 periods of power rivalry over the past five … [Read more...] about US, China: Frenemies?
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1H FDI disbursement at $8.37 bn FDI projects were estimated to have disbursed $8.37 billion in the first half of this year, up 8.4 per cent year-on-year. Vietnam had 25,953 valid projects as at the end of the first half, with total registered capital of $331.24 billion. Total disbursed FDI capital was estimated at $180.74 billion, or 54.6 per cent of total registered capital in valid projects. Foreign investors have invested in 19 out of the 21 sectors in Vietnam to date, in which processing and manufacturing accounted for the highest proportion, with $189.13 billion, or 57.1 per cent of total investment capital, followed by real estate with $56.2 billion, or nearly 17 per cent, and the production and distribution of electricity, water and gas, with $21.92 billion, or 6.6 per cent. Valid projects come from 128 countries and territories. South Korea ranks first, with total registered capital of $61.67 billion, accounting for 18.6 per cent of the total. Japan ranked second, with $55.45 … [Read more...] about BUSINESS IN BRIEF 5/7
VN Central Bank asks banks to rectify hotline issues The State Bank of Viet Nam (SBV) has asked banks to provide enough switchboard operators and improve technical infrastructure to process complaints efficiently. The SBV said it found through monitoring that the hotlines of some banks were not operating effectively, making it very difficult for customers and cardholders to request assistance in emergency cases. This has been a cause for concern and has been reported in different forms of mass media. In order to ensure the quality of services, the State Bank has required banks to address the issue to promptly receive and handle the inspection and complaints of customers. Banks must take the initiative in explaining and promptly responding to opinions expressed on mass media regarding the quality of card payment services to avoid pulling down consumer trust in the quality of payment services offered by banks and the development of non-cash payment regulations by the … [Read more...] about BUSINESS IN BRIEF 22/6
Green trees neglected in Ho Chi Minh CityWhile some of the city’s trees have become common dumping grounds for local garbage, others are suffocating from cement poured over their roots.According to the observation of Tuoi Tre (Youth) newspaper reporters, trees along D2 Street in Binh Thanh District have had their roots buried under a layer of cement, making it difficult for the plants to be taken care of or watered.“They are still growing just fine. I protect these trees from being chopped down,” a resident explained.Several trees on the promenades of Hoa Hao Streets in District 11 have also been subjected to such neglectful treatment.“The concrete surrounding their roots has been damaged, causing soil to be washed into our houses,” a local said.“Since authorities have been unable to deal with the problem, we decided to fix it ourselves,” he continued.Meanwhile, green trees on a section of Dien Bien Phu Street in Binh Thanh District have become … [Read more...] about Social News