Viets Gamble Vainly on Appeasement in South China Sea

Viets Gamble Vainly on Appeasement in South China SeaVietnam's Communist regime has hoped that deferential behavior might temper its giant northern neighbor's South China Sea ambitions. But by sending the deep sea drill ship Haiyang 981 to explore for oil just off Vietnam's central coast, Beijing has dashed that hope and posed a terrible dilemma for Hanoi. The Vietnamese were the fiercest critics…

Vietnam Getting its Economic Act Together

Vietnam Getting its Economic Act TogetherAfter several years of macroeconomic turmoil, 2013 finally saw a return to some semblance of stability in the Vietnamese economy. There is no time to lose. The government needs to push through significant reforms in key areas in order to lift long-term growth. Macroeconomic aggregates have been mixed. Headline inflation averaged 6.7 percent, due partly…

Vietnam Joining Technology Race?

Vietnam Joining Technology Race?Could Vietnam become a high-tech powerhouse of innovation, luring international investment and vaulting the country up the development ladder? The Ministry of Science and Technology is sponsoring a Silicon Valley Project aimed at pushing the country to be more than a simple producer of electronic parts (Intel has a US$1 billion plant in the country)…

Fixing Vietnam’s Economy

Fixing Vietnam’s EconomyVietnam has been facing a debt crisis since 2006 although its difficulties began before that when the rapidly changing economy exposed a number of key weaknesses such as inflation, a skyrocketing state budget deficit and the inefficient use of SOEs as economic spearheads. The current problems stem from the effort by the country’s economic czars…

Vietnamese Workers on the Run in Taiwan

Vietnamese Workers on the Run in TaiwanUS Secretary of State John Kerry during his current Far East swing is certain to raise human rights concerns with his Vietnamese hosts, who are feverishly working to make Vietnam worthy of Trans-Pacific Partnership accession. It is doubtful, however, that the Vietnamese government’s Decree No. 95/2013/ND-CP will be anywhere near Kerry’s agenda. In effect since…

Vietnam’s Shipbuilding SOE may Re-emerge

Vietnam’s Shipbuilding SOE may Re-emergeVietnam’s state-owned shipbuilding behemoth Vinashin, which navigated into a sea of red ink in 2010, leaving behind US$4.5 billion in debt and a flock of outraged creditors, may be about to be refloated, sources say. The company itself, officially known as Vietnam Shipbuilding Group, remains a mess. It appears it will probably be downsized to…
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