December 25, 2009
The domestic car market has hit a lull because no one wants to purchase cars just several days before tax incentives finish on December 31. “I have never seen such a slow year-end sale season before,” said V an officer at a car trading company on Le Van Luong Road in Hanoi V said he [...]
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December 7, 2009
LookAtVietnam – A close relationship exists between the rice price, export volume and inflation. If rice prices are overly high, farmers suffer instead of profiting Statistics show that when the rice export volume increases, the inflation rate decreases. In 1995, Vietnam exported 1.988 million tons and the inflation rate was 12.9 percent. In 1996, when [...]
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December 1, 2009
Two students go to their elementary school in the flood season in the Mekong Delta Efforts by local governments to have students stay on in school have decreased the drop out rate, but thousands in the Mekong Delta have stopped attending school in the first semester, a conference heard Sunday. Over 4,500 students have stopped [...]
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October 6, 2009
LookAtVietnam – The tourist season has begun but signs of sector recovery are few and far between. Foreign tourists are going to tour HCM City with Vespa motorbikesThe number of foreign tourists to Vietnam in the first nine months of 2009 decreased by 16.6 percent over the same period of the previous year. Eight out [...]
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September 11, 2009
LookAtVietnam – Real estate consultancy firms think that office leasing fees will continue to decrease in the time to come. The global economic crisis has heavily influenced the office leasing market. According to Cenvalue, a real estate valuation firm, the average office leasing fee in the first months of 2009 decreased by 11 percent, or [...]
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August 28, 2009
LookAtVietnam – Vietnamese businesses have focused on making products to sell abroad at low prices, while they have not paid much attention to selling products in the domestic market. Van, who works for a telecom company in Hanoi, said that she purchases ‘made in Vietnam’ clothes and leather shoes made by Vietnamese companies under outsourcing [...]
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August 12, 2009
LookAtVietnam – Many members of the National Advisory Council for Monetary Policy have proposed a second demand stimulus package be implemented right after the first package finishes at the end of 2009. The council had a meeting on August 11 to hear its members’ suggestions on measures to regulate the national economy in the post-economic [...]
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August 11, 2009
VietNamNet Bridge – Automobile manufacturers, for the first time, have witnessed positive growth in sales. The automobile market, which became frozen due to the economic downturn and changes in tax policies, has warmed since the Government-initiated demand stimulus package was kicked off.The sales report released by the Vietnam Automobile Manufacturers’ Association (VAMA) yesterday, August 10, showed [...]
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August 1, 2009
The U.S. economy fell at a more subdued 1.0 percent pace in the second quarter, a strong signal that the worst recession since the Great Depression has eased. The U.S. GDP tumbled at a staggering 6.4 percent pace in the first quarter, the most in past three decades, a revision from an earlier estimate of [...]
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June 29, 2009
VietNamNet Bridge – While US$ interbank interest rates have been decreasing, the VND/US$ exchange rate keeps rising. According to the State Bank of Vietnam, VND lending interest rates last week were more stable than the previous week. The lending rates applied by state-owned banks last week were between 8.5-10 percent per annum for short-term loans [...]
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