Vietnam Exports of Cassava Gained in 5-M 2011June 21, 2011 (Vietnamica.net) — Vietnam earned a total revenue of US$638 million form exporting cassava in the first 5 months of 2011, said the Ministry of Agriculture and Rural Development (MARD).
A Brief Introduction of the History of the Vietnamese EconomyJune 20, 2011 (By Vuong Quan Hoang at Vietnamica.net | Edited and repub. by Stratfor, June 23) — It is natural for us to appreciate that economic evolution of any country is always associated with a historical path of society’s development. So is Vietnam. Nonetheless, different countries may have evolved in very different ways, then reached very different levels of development. Up until now, Vietnam albeit growing faster and experiencing significant transformation to modern economic life has still been regarded as a laggard even in the developing world. It has been said that we, the Vietnamese living in the...
Major State-owned Players in Power Game Confronted by Funding ScarcityJune 20, 2011 (Vietnamica.net) — Despite stronger financial muscles compared to private enterprises and even large joint stock firms listed on HOSE or HNX, executives from major State-run conglomerates like Electricity of Vietnam (EVN), Vietnam Oil & Gas Group (PetroVietnam) and Vietnam Coal and Minerals Group (Vinacomin) now start complaining they face serious financial constraints while pursuing national level investment projects.
Red Notice by Interpol: Two Ex-Senior Managers of Vinashin Wanted InternationallyJune 19, 2011 (Vietnamica.net) — Interpol has issued its red notice to international media in which two senior managers of Vietnam’s Vinashin have become its wanted. Two suspects are Ho Ngoc Tung – former General Director of Finance for the Vietnam Shipbuilding Industry Group (Vinashin) and Giang Kim Dat – a former business manager of Vinashin’s subsidiary called Vinashin Ocean Shipping.
June 18, 2011 (The Market Guardian, republished by Vietnamica.net) - Jim O’Neill, the clever Goldman Sachs analyst who came up with the term “BRIC” a decade ago, has cooked up a new, catchy investment theme. Get ready for the “N-11”, shorthand for the “New 11”, a gaggle of early stage emerging markets who will become the inheritors of the BRIC’s high growth rates. The basic idea is to surf a global wave of coming GDP and per capita income rises.
June 16, 2011 (Institute for New Economic Thinking, republished by Vietnamcia.net) – Free trade does not make countries richer. There is no such thing as a free market. Companies should not be run in the interests of their owners. These are some of the controversial statements from Ha-Joon Chang, a Reader in Political Economy of Development at the University of Cambridge, and author of the new book: “23 Things They Don’t Tell You About Capitalism.”
