Gdp

Commenting about the reliance of Vietnam’s economy on FIEs (foreign invested enterprises), one economist noted that “when FIEs sneeze, the Vietnamese economy catches a cold". Vietnam is listed among the economies with the highest GDP growth rates in recent years. According to the General Statistics Office (GSO), the rate was 6.21 percent in 2016, 6.81 percent in 2017, 7.07 percent in 2018 and 6.71 percent in the first half of 2019. Because of the problem with Samsung, Vietnam’s GDP growth rate in Q1 2018 was low, just 5.1 percent in comparison with the 5.5 percent in the same period of 2016. The figure was far below the 6.7 percent GDP growth rate of the entire year of 2017. “The fact that Samsung recalled its products not only affected Vietnam’s exports, but also led to a GDP growth rate decrease. This shows that Vietnam’s economy depends too heavily on FIEs,” said Do Thien Anh Tuan, a respected economist. Linh Ha Vietnamese IPs … [Read more...] about Vietnam’s GDP too heavily dependent on foreign-invested enterprises: economists

An overview of Jakarta capital (Source: Indonesia Expat) Jakarta (VNA) – Indonesia’s Finance Ministry has announced that the country’s state budget deficit increased to 281.9 trillion Rp (20.1 billion USD) or 1.8 percent of the gross domestic product (GDP) in October 2019, higher than the same period year earlier of 229.7 trillion Rp or 1.56 percent of GDP. Speaking at a press conference on November 18, Minister of Finance Sri Mulyani Indrawati said the government forecast a budget deficit of 296 trillion Rp or 2.26 percent of GDP at the end of the year due to unsatisfactory revenue from several sectors such as manufacturing and mining. By the end of October, state revenue was recorded at 1.508.9 trillion Rp or 69.7 percent of the target. The country’s income was recorded to only growing 1.2 percent year-on-year (YoY), lower than the growth in October 2018 which reached 21.3 percent (YoY). Total tax revenue from January to October was recorded at … [Read more...] about Indonesia’s budget deficit rises to 20.1 billion USD

The program was co-chaired by Colonel Tran Viet Nang, Head of the Military Youth Board under the General Department of Politics (GDP) of the Vietnam People’s Army (VPA), and Lieutenant Colonel Edwin L. Parcia, Chief for Planning and Programs under the Education and Training Bureau of the Armed Forces of the Philippines. Vietnamese young officers at the exchange During the event, the co-chairs agreed that the defense relations between Vietnam and the Philippines has continued to expand and the bilateral young officers’ exchange has contributed to affirming the sound relationship between the two militaries. Colonel Nang of Vietnam briefed the young Philippine officers on youth union work and youth movements among young military officers of the VPA. The two sides also discussed issues of mutual concern. Accordingly, over the past time, young military officers of the two countries have played a core role in implementing all political missions while … [Read more...] about Vietnam, Philippines hold first young officers’ exchange