VietnamNewsToday.com

‘Vietnam epitomizes development success story’

The President of the Asian Development Bank (ADB), Haruhiko Kuroda, has praised Vietnam as a typical example of a development success story for other developing countries in the world.

The ADB official made the remark at a press briefing in Hanoi on May 3 as he fielded questions from reporters about prominent socioeconomic issues faced by Asian countries, including Vietnam.

Kuroda affirmed that Vietnam has made great progress in poverty reduction after a decade of rapid growth.

Like other Asian countries, Vietnam is strengthening the pace of its recovery from the global economic crisis.

However, regional countries are grappling with difficulties arising from the high price of oil and food caused in part by instability in the Middle East and North Africa as well as concerns about the triple disaster of earthquake, tsunami and nuclear accident in Japan.

Kuroda said inflation should be curbed with a package of major measures, especially as it has had a strong impact on hundreds of millions of poor people throughout Asia.

The ADB president emphasized that chronic poverty must be tackled if Asia wants to become wealthy and progress in this century.

The global economic meltdown has necessitated the construction of a well-structured global financial system that can resist shocks. Asia can play a pivotal role in this process by bolstering its financial systems to liberate the region’s resources for developmental demands and narrow imbalances worldwide.

The ADB top official also highlighted environmental issues stemming from Asia’s economic growth, which he said should be placed high on the region’s development agenda. Priorities should also be given to disaster risk management as natural calamities continue to hit Asia.

According to Kuroda, Vietnam is the most susceptible to climate change and the ADB is helping the Vietnamese government work out action plans to cope with its possible negative impacts.

Kuroda cited urban traffic projects to reduce the emission of greenhouse gases by changing people’s habits to using public transport as an example of efforts to counter the effects of climate change.

From VOVNews

Newer Articles
  • Milk prices unexpectedly shoot up
  • Auto tax debate continues, business suffer
  • Vietnam may lose Buon Ma Thuot coffee brand
  • Building materials sales to rise
  • Car sales up 10 per cent in August
  • Domestic retailers tend to join hands with foreign
  • Social networks more utilized by businesses for marketing
  • Fertiliser prices increase dramatically
  • Vietnam’s trade gap from China at nearly $4b in Jan-Apr
  • VCCI supports business restructuring
Older Articles
  • VCCI supports business restructuring
  • Base year for calculating GDP should be changed, expert says
  • Prices likely to climb another 2 percent in May
  • Domestic steel prices drop substantially
  • Supermarkets baulk at high supplier prices
  • Investors from Japan seek opportunities
  • ADB assists Vietnam’s socio-economic development
  • Gov’t to keep close eye on price hikes
  • Goods prices soaring on more expensive dollars, threatening production
  • Vietnam’s trade gap rises amid weak auxiliary industry
Latest News
  • Vietnamese software firms consider Japan as the major market
  • Despite problems, 2011 FDI spending equals 2010
  • EVNTelecom asks for government’s approval to sell 12pct stake for VTC
  • Vietnamese enterprises expanding into international markets
  • Ernst & Young Vietnam role to be examined
  • Vietnamese firms invest over $24.5b in foreign countries as of July-end
  • Vietnam Insurance Market: Keeping Double-digit Growth
  • Vietnam’s economy looks grim with ADB’s forecast
  • Ministry rejects import-export tax changes
  • Government okays anti-dumping suit against US
For Foreigners
  • Adb: policy tightening will lower inflation
  • HSBC, Barclays to advise Vietinbank’s planned overseas dollar bond sale
  • Vietnam govt to service debt for troubled cement projects
  • Calm heads prevail as the forex market to remain cool
  • Further fiscal & monetary tightening in coming months
  • IMF cuts Vietnam’s inflation forecast to 9.5pct in 2011
  • Vietnam’s dong has best week since 1997 after dollar rates curb
  • Vietnam tightens control over state-bank partnership
  • Foreign investors list problems in Vietnam
  • Foreign invested enterprises complain about customs procedures

BusinessTradeVietnamGovernmentFDIWorld economyVietnamese PartyEconomyEconomicMarketState managementPrime MinisterHCM cityHanoiHo Chi MinhCPIAsianWorldAmericaEuropeNguyen Tan DungHau GiangMekong DeltariceStandingMekongCambodiausajapanchinakoreaLai ChauHoa BinhHoi AnChu LaiQuang NamDa nangCan thoSon LaPower PlantMinistry of IndustryDung QuatOilSingaporeThailandMalaysiaIndonesiaLaosVietnameseFDI capitalinvestorsforeign investorNetherlandsUSservicetransportationinfrastructuretourismVNPostExpressSpainGoldTra fishexportcontractstouristMiddle AreaConstructionShipbuildingIndustryCompanyIndustrial ZonebudgetDong NaiBinh DuongVung TauTay NinhBinh PhuocTay NinhLong AnTien GiangUS investorshydropower plantQuang NinhNha TrangStock ExchangeHNXIndexcapitalAgricultureDong ThapAn GiangExport-Processing ZoneYen BaiLao CaiLai ChauDien BienSon LaHoa BinhPhu ThoHa GiangTuyen QuangBac KanLang SonCao BangmanufacturersAseanRussiadevelopmentAviationinflationHong KongAmericanChamber of CommerceSeafoodODAWBIMFFEDAsia-PacificAssociationcountriesEuropeanmarine economyThanh HoaNghe AnNam DinhHa TinhPhu LýVinh PhucBac NinhBac GiangHung YenHai DuongBinh ThuanBinh PhuocLam DongGia LaiKon tumQuang NgaiQuang BinhQuang TriNinh ThuanCa MauBac LieuSoc TrangTra VinhKien GiangVinh LongBen TreincomespoliciesLawassetsNatural GasBuildingstatisticsstrategyDa Latmineral exploitationprocessingindustrieselectricitywatersupplyEnterprisesforestryfisherycommunicationsreal estatetransportationCorruptionbauxiteSecuritiesInsuranceBankFinanceAccountgoodsTrade BalancecoffeeCoalfestivalHa NamNinh BinhHoa BinhUniversityArtsBooktravelVietnam VisaVisaPagodaCommitteePeople's CommitteeVinashincompaniesHoa PhatHSBCACBvietcombankvietinbank

Copyright 2010 © VietnamNewsToday.com 
Powered by: CIINS Design by: Webdesign.vn