global financial crisis

Update news global financial crisis

Vietnam in strong position to defend against external shocks: HSBC

With fewer concerns about currency and external stability, Vietnam’s central bank is likely to be more comfortable with delivering interest rate cuts to support growth.

New Zealand PM Key announces shock resignation, backs FinMin

 New Zealand Prime Minister John Key, who won praise for his economic stewardship after the global financial crisis, unexpectedly announced his resignation on Monday after eight years in power, backing his finance minister to take the helm.

Britain's new PM May gives Johnson big job, says needs time before Brexit talks

Theresa May became Britain's prime minister on Wednesday with the task of leading it out of the European Union, and quickly named leading 'Brexit' supporters including former London mayor Boris Johnson to key positions in her new government.

Vietnam’s notable economic achievements after 30 years of Doi Moi

 VietNamNet Bridge – After 30 years of the Doi Moi reform, Vietnam has recorded significant achievements, emerging from a backward country with 90% of the population working in the agricultural sector

International aid cuts hinder VN efforts to curb HIV/AIDS

 VietNamNet Bridge – Viet Nam will continue facing difficulties controlling HIV/AIDS due to a shortage of international aid, which accounted for more than 70 per cent of the country's HIV/AIDS response funding,

Seismic socio-economic shift feeds real estate sector

VietNamNet Bridge – Over the last twenty years, the Vietnamese property market has come on in leaps and bounds in terms of its professional development. 

Rise in Asia's wages outpace rest of the world

 The Asia Pacific region has outperformed the rest of the world when it comes to wage growth, according to an International Labour Organisation (ILO) report.

World jobless number seen rising to record high: ILO

Five years after the global financial crisis hit, unemployment numbers continue to soar, with a record 202 million people worldwide expected to be officially jobless this year, the International Labour Organization said Tuesday.