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During the last 10 years, approximately 30 million Vietnamese - more than a third of population - have been lifted out of poverty. However, as the economy expands, disparities in income are widening, despite the government's avowed goal of achieving equitable growth
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The Economist Intelligence Unit is a specialist publisher serving company establishing and managing operations across national borders. For 60 years it has been a source of information on business developments, economic and political trends, government relations and corporate practice worldwide
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Vietnam's economic growth slowed in the first quarter and the government indicated Wednesday it will lower its annual growth forecast as anti-inflation measures and a global slowdown take their toll.
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We all know that it has never been harder to attract, recruit and retain staff, so it makes sense to focus on how we look after people who work for and with us. Motivating each generation will help you create a workplace that people won't want to leave!
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We are entering a new era of world history: the end of Western domination and the arrival of the Asian century. The question is: Will Washington wake up to this reality? When the new president meets with schedulers in January, will he or she say, "Cut down on the visits to Europe. Send me across the Pacific, not the Atlantic. The G-8 represents a sunset process. Let us focus on the new sunrise organizations in Asia.
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The giant Chinese rock tossed into the Asian production pool this decade is about to be followed by another from India. Given time it is likely to be of similarly large import. The first rock profoundly changed Australia, setting up huge economic waves that swamped some (including many manufacturers) while others surfed to prosperity (miners and tax collectors). Watch out for the second rock.
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The World Bank stunned the world recently when it announced that the economies of China and India are about 40 percent smaller than previous estimates.
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Investors in Asian stockmarkets were until recently big fans of the “decoupling” theory: the notion that Asian economies can shrug off an American recession. This week’s plunge in shares, taking the MSCI Emerging Asia Index down by 25% at one point from its October high, suggests they have changed their minds. But the fact that Asian markets have not decoupled does not necessarily mean that their economies will follow America's over a cliff.
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The near-universal character of this month's global financial markets plunge came as a surprise to many people. After persistent growth in recent years in countries such as India and China, Goldman Sachs, Merrill Lynch and JPMorgan all had assured investors that the world no longer depended upon the U.S. economy.
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Asia’s export-dependent economies are hoping that decoupling – the notion that the rest of the world can grow even with the US in recession – will hold true
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