Market upgrade prospects favourable
Under a favourable economic backdrop, multiple trade agreements, and supportive fiscal and monetary policies, Vietnamâs economic recovery is expected to remain strong. Minh Le, Tran Nguyen, and Hoa Tran, analysts from Mirae Asset Securities, write about the countryâs prospects and how Vietnam could be a potential candidate for an emerging market upgrade by 2022.
Mirae Asset Securities and other market watchdogs forecast a bright 2021 for the VN-Index. Photo: Le Toan
In the first quarter of this year, total newly- and additionally-registered capital recorded an impressive recovery of 41.4 per cent on-year to reach $9.3 billion. Specifically, there were a total of 234 newly-licensed projects, down 69.1 per on-year, with registered foreign direct investment (FDI) of $7.2 billion, up 30.6 per cent on-year.
United Kingdom
In advanced industrial countries, science, technology and innovation have been the principle source of long-run economic growth and increasing social well-being. In the future, the innovation performance of a country is likely to be even more crucial to its future economic and social development. Innovation policy plays an important role in influencing innovation performance, but must be closely tailored to specific needs, capabilities and institutional structures of each country.
This June 2005 publication examines the relationship between innovation policy and performance in six OECD countries – Austria, Finland, Japan, the Netherlands, Sweden and the United Kingdom. Using a common framework based on the National Innovation Systems approach, the book highlights countries’ strengths and weaknesses in innovation, as well as the effectiveness of their innovation policies in driving economic performance. Taken together, the country studies constitute a rich
U.S. Treasury official, bank CEOs discuss boosting economic inclusion
Reuters | Apr 20, 2021 09:44 PM EDT
Economist Adewale Wally Adeyemo listens to questions during his Senate Finance Committee nomination hearing to be Deputy Secretary of the Treasury in the Dirksen Senate Office Building, in Washington, D.C., U.S. (Photo : Greg Nash/Pool via REUTERS)
A top Treasury Department official met on Tuesday with 20 top bankers to discuss President Joe Biden s $2.3 trillion infrastructure plan and ways to use public-private partnerships to expand economic inclusion, the agency said in a statement.
U.S. Deputy Treasury Secretary Wally Adeyemo told 20 bank chief executives who are members of the nonpartisan Bank Policy Institute research group, that now is the moment to reimagine and rebuild a new American economy that rewards work, not wealth, and create a tax code that helps end profit shifting and tax games.