HO CHI MINH CITY - From 2008 on, Vietnam was mostly protected from the global financial crisis, not because its banks were stronger than the U.S. banks that created the crisis, but because it was less integrated into global trade back then. More than a decade later, Vietnam does far more trade with foreign countries today, making its banks far more susceptible to global trends. The government has taken steps to strengthen domestic banks. In particular Vietnam is transforming banks to require that, when doing credit risk analyses, they take into account environmental, social, and governance risks, known as ESG. The State Bank of Vietnam has set a goal that by 2025, each bank will have created its own department dedicated solely to ESG analysis, and it will incorporate ESG factors into its overall risk analyses. The central bank says it is making progress, noting that 17 banks in Vietnam have set up these mandatory departments to analyze the environmental and social impact of … [Read more...] about Banks Required to Assess Environmental, Social Goals in Vietnam
Vietnam adventure travel
HO CHI MINH CITY - South Korean startups are banking on their country’s similarities with Vietnam — a shared popular obsession with education, similar rituals, a history of a divisive civil war, and a current focus on manufacturing and integration with international trade — to give them an advantage in expanding their business there as Vietnam looks to follow in South Korea’s steps to become one of the next Asian tigers. South Korea is already a big investor in the Southeast Asian nation, however now it is startups in areas like cosmetics and hotel smartphone apps that are joining in on the investment. “I think Vietnam startup [investment] is really going up now,” Jisoo Kang, chief executive officer of Fluto, a South Korean startup that conducts user testing on digital products, said. Next conquest While South Korean behemoths have conquered international television and automobile markets, the next phase of growth is in developing nations such as … [Read more...] about Korean Startups Expand to Vietnam, a Kindred Spirit
TAIPEI, TAIWAN - The U.S. government agreed this week to give another coast guard vessel to Vietnam so the Southeast Asian country can increase its defense against China. But behind that move, Vietnam and the United States are struggling over a growing trade deficit that has alarmed U.S. officials. The U.S. government has complained since June that Americans buy more Vietnamese-produced goods compared to what Vietnamese consumers take from the United States. Vietnam relies heavily on export manufacturing for its economic growth of more than 6% per year. The deficit reached about $40 billion in 2018, which the U.S. Census Bureau calls the fifth largest between the United States and another country. The diversion of export manufacturing from China, now saddled by U.S. tariffs, to Vietnam particularly alarms Washington, analysts say. “The concern from the Vietnamese side is that the U.S. could say, ‘OK, we’re going to put tariffs on exports from Vietnam.’ … [Read more...] about After Trump Rebuke, Vietnam Scrambles to Avoid US Trade Dispute
Readers ask: Should I personally give up air travel, and should companies be pushed to reduce air travel by employees? If we cut our air travel by half, what impact would that have on the climate? - Diane, California How does long-distance travel affect climate change? (I.e., if I take Amtrak from D.C. to NYC instead of flying, how is that better given that the plane will still get there without me on it?) - Kya, Washington I want to take a trip to Florida to help out some ailing elderly relatives. For lowest emissions, should my wife and I fly round trip from the Washington, D.C., area or make the trip in a Tesla Model 3 at 133 mpg? - Glenn, Maryland Here is the stark and sad truth: There is almost no way to explore the planet without harming it. Since 2017, the transportation sector has been the U.S. economy's biggest source of greenhouse gases. Each year, people in the United States generate the equivalent of 1.9 billion metric tons of carbon dioxide to move ourselves and our stuff … [Read more...] about What’s the greenest way to travel?
Information via Travelers Aid InternationalWINDSOR LOCKS, CT – The Connecticut Airport Authority and Travelers Aid International (TAI) are pleased to announce that, in TAI's first year at Bradley International Airport (BDL), passenger assists have surpassed the 200,000 mark, exceeding last year's total by a wide margin. TAI began serving BDL passengers as the operator of the guest services volunteer program in October of 2018. As of November 30, 2019, the program had helped 212,455 passengers for the year, compared to 130,643 assists for all of 2018. If the Travelers Aid volunteers maintain their 19,000-plus assists per month average for December, they will surpass last year's total by 100,000 assists. Mary Kate Doherty, Program Manager for Travelers Aid at BDL shares, "I could not be prouder of the efforts of our incredible volunteers to make passengers and guests feel welcome and to assist them on their journeys. Our volunteers go out of their way to provide high quality … [Read more...] about Travelers Aid Assists At Bradley Surpass 200K