Related Posts: Vietnam
May 30, 2012
Nearly two decades of market-based development has dramatically changed the way Vietnamese live and work, transforming patterns of personal and commercial saving, borrowing, and lending. By 2011 there were 93 banks…
April 18, 2012
In late March, Ho Chi Minh City’s residents braced for heavy windfall and flooding as tropical storm Pakhar – the first storm of the season – headed for the nation’s economic hub. Many residents were caught off guard, as experts declared the storm “abnormally early.”
April 11, 2012
Giang has lived his whole life in the village of Phu Lang, a traditional ceramic handicraft village about 30km north of Hanoi. Giang’s entire family has been producing the same jars and pots that they and many other family businesses in the village have for decades. However, when we last met with Giang, he told [...]
March 28, 2012
“Just because they are poor and isolated doesn’t mean they don’t have the potential to be the next Bill Gates,” said Shahed Keyes, the founder of Subornogram Foundation in Bangladesh, while introducing me to lively students at a school he started on the remote island of Mayadip.
January 25, 2012
From January 25-29, the world’s most powerful leaders from the public and private sectors gather in the Swiss town of Davos to try to agree on measures that will eventually impact billions of people across the world. The event is being held against an unprecedentedly gloomy global economic picture. The World Bank
recently reported that the world economy will grow by only 2.5 percent in 2012, far below initial estimates of 3.6 percent. In Europe, leaders have yet to come up with a comprehensive solution to the eurozone crisis.
January 4, 2012
For much of the past two decades, many Southeast Asians have expressed frustration that U.S. policy treated their region with benign neglect or indifference, and that the United States’ attention was episodic rather than consistent. In 2011, the Obama administration announced that the U.S. needed to make “a strategic pivot” in its foreign policy…
January 4, 2012
In 2011, Asia grappled with a host of devastating shocks, both natural and man-made. As challenging and economically harsh as they have been, they have provided an opportunity for Asia’s emerging economies to dramatically assert their economic resilience and regional influence.
January 4, 2012
My colleagues in The Asia Foundation’s Environment Program recently returned from Bangkok, where the Asia-Pacific Climate Change Adaptation Forum they were scheduled to attend was canceled due to the worst flooding in Thailand in 60 years. The disaster resulted in over 600 deaths, approximately 10 million lives affected, $21 billion in lost revenues from major industries, and an estimated $24 billion dollars in damage to property…
October 5, 2011
The streets of Vietnam’s biggest cities reveal unmistakable signs of wealth. Mercedes and Lexus luxury cars are common, and now and then, you can catch a glimpse of a Bentley or a Maybach gliding along the congested thoroughfares. Vietnamese “new rich” can now access the latest fashion and accessories…
September 28, 2011
The majority of migrants are young and, increasingly, women. Migrants represent both Vietnam’s greatest advantages and greatest challenges. Their 14-15-hour work days have helped fuel the economic miracle that has rocketed Vietnam from one of the five poorest countries in the world in 1985 to an average per capita income of over $1,000 in 2010. Economic reform, combined with cheap, flexible labor has led to a surge in foreign investment. Booming consumerism is visible in the adverts on every street corner and the accessories hanging off Vietnam’s newly wealthy youth.