Vietnam is among the countries with the highest GDP growth rates in the region. According to Nguyen Bich Lam, general director of the General Statistics Office (GSO), Vietnam’s GDP growth rate in 2018 was over 7 percent, the highest level since 2008. The GDP in the first nine months of 2019 grew by 6.9 percent compared with the same period in 2018, the highest level compared with the same period of the last 9 years. Of the factors that made up GDP growth in the first nine months of the year, agriculture, forestry and fishery accounted for the smallest proportion due to drought and climate change which affected yield and output. “The manufacturing and processing industries contributed the most to the growth if calculating the percentage points, but I can see that tmmining has come back after 3 years of negative growth and rapid increase in inventories. That is, enterprises create high product output, but cannot create purchasing power in the market,” said … [Read more...] about Vietnam’s GDP is high, but uncertainties exist: economists
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A car manufacturing plant in Vietnam (Illustrative image. Source: VNA) Hanoi (VNA) – Vietnam’s socio-economic performance in July continued to see positive developments with equal growth in all the three sectors, namely macro economy, industrial production and services. According to the General Statistic Office, the index of industrial production (IIP) in the month rose 14.3 percent, the highest level since February this year. In the first seven months of this year, the country’s IIP recorded the highest rise of 10.9 percent since 2012. The processing and manufacturing industry posted the strongest growth of 13.1 percent. Despite a year-on-year decline of 1.7 percent to 19.5 billion USD in July export turnover, that in the seven months rose 15.3 percent to 133.7 billion USD. The total retail sales of goods and services in July saw the highest growth of 13.3 percent since 2014. The newly-registered and increased foreign direct investment (FDI) in … [Read more...] about Positive economic index in July
Email By Emily Baker Updated October 22, 2019 12:39:42 Photo: The plan for a camp at Hall's Island had been approved by state and federal governments. (Supplied: Lyndsey Evans) Related Story: Wilderness camp proponent flags appeal after council knockback Related Story: Questions over plans for luxury camp venture in Tasmania's Central Highlands Related Story: Rezoning of World Heritage zone needed to boost Tasmanian eco-tourism: Premier Map: Launceston 7250 A Tasmanian council is yet to decide if it will appeal a decision that gives a green light to a luxury helicopter-accessed fishing camp at Lake Malbena inside the state's Walls of Jerusalem National Park. Key points:The Central Highlands Council rejected the Lake Malbena proposal against the advice of its staffThe developer took its appeal to the state's planning tribunal, and was later joined by the National Parks and Wildlife directorThe tribunal overturned the council's decision, ruling the proposal met the … [Read more...] about Lake Malbena eco-tourism proposal gets the green light from planning tribunal
Kabbage made waves last month when it closed a $270 million credit facility to pass on to small businesses that use its online platform to borrow working capital and extend credit lines. This month, it’s the turn of Kabbage itself: the company has raised another $50 million in a Series D round of equity financing. Rob Frohwein, Kabbage’s CEO and co-founder, says the money will be used in a few ways. First, to build out its own business — new marketing efforts and partnerships to target SMBs better; and building up its international business, specifically in the UK, Canada and Asia. And second, to fuel what he refers to, colorfully, as Kabbage’s “data reactor, technology that harnesses data energy.” “We don’t believe in data exhaust; it connotes pollution, a byproduct of a more efficient process. You might as well call it data excrement,” Frohwein says (he has a … [Read more...] about Kabbage Grows: The Online Platform For Small Business Loans Raises Another $50M
A posthumous manifesto by Giovanni Buttarelli, who until his death this summer was Europe’s chief data protection regulator, seeks to join the dots of surveillance capitalism’s rapacious colonization of human spaces, via increasingly pervasive and intrusive mapping and modelling of our data, with the existential threat posed to life on earth by manmade climate change. In a dense document rich with insights and ideas around the notion that “data means power” — and therefore that the unequally distributed data-capture capabilities currently enjoyed by a handful of tech platforms sums to power asymmetries and drastic social inequalities — Buttarelli argues there is potential for AI and machine learning to “help monitor degradation and pollution, reduce waste and develop new low-carbon materials”. But only with the right regulatory steerage in place. “Big data, AI and the internet of things should focus on enabling sustainable … [Read more...] about A 10-point plan to reboot the data industrial complex for the common good
Together, they controlled nearly Rs 26 lakh crore of assets at the end of FY16Indian economy has gone through a roller-coaster ride since the country’s Independence. In 1947, India was an open economy but by the mid-1950s, big business was a bad word and soon the government placed regulatory limits on growth of big firms. Public sector firms were at the centre of the economy. Economic policy came a full circle in 1991, as P V Narasimha Rao government unleashed reforms and liberalised the economy. Big businesses and foreign capital were now objects of desire, rather than derision. All through this change, one feature of Indian economy, has remained unchanged - the dominance of family-owned enterprises. Fifteen of the top 20 business groups in 2016 are family-owned. Together, they controlled nearly Rs 26 lakh crore ($390 billion) of assets at the end of FY16, accounting for 84 per cent of the combined assets of the top 20 business groups. They generated revenue worth Rs 18 lakh … [Read more...] about In India, 15 of the top 20 business groups are family-owned!