October 28, 2009
LookAtVietnam – Sentiment on whether to extend the stimulus in some way seems about evenly divided. We survey recent opinions. The 2009 stimulus package, valued at $8 billion in additional spending, featured tax exemptions, reductions and deferments for businesses, increased bond sales, and an interest rate subsidy program. It is widely credited with enabling Vietnam to [...]
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October 27, 2009
LookAtVietnam – There have been 4,000 cases where problems in lending under the demand stimulus programme have been found. The demand stimulus programme was launched earlier this year, under which, businesses can receive a four percent interest rate subsidy to fund their production plan. The programme is due to terminate by December 3 this year. Earlier, [...]
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October 20, 2009
LookAtVietnam – Small enterprises have found it hard to obtain preferential loans. That’s why economists don’t support second demand stimulus package. High on the agenda of the National Assembly session that opened on October 20 is whether or not to the government’s economic stimulus package, implemented this year as a counter-recession measure, ought to be extended. Over [...]
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September 21, 2009
LookAtVietnam – Businesses will soon find out if the stimulus package will continue beyond its originally planned end oft December 31. The Ministry of Planning and Investment (MPI) says it will soon submit the economic development plan to be implemented after the current demand stimulus package ends. Questions have already been raised as to whether the [...]
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September 17, 2009
VietNamNet Bridge – Vietnam is expected to get an additional billion dollars from donors in the coming time to stimulate the national economy. The negotiations on a $500 million loan from the Asian Development Bank (ADB) have been wrapped up. The bank on September 15 officially announced it approved the five-year Countercyclical Support Facility (CSF) [...]
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September 11, 2009
WB increases financing for critical infrastructure; Lien Viet Bank sets ambitious plans for next decade; Vietnam attends WEF’s Dalian meeting The World Bank will provide an additional 160 million USD in no-interest credit for an urban upgrade project in Vietnam through 2014. Under an agreement signed between the State Bank Governor Nguyen Van Giau and [...]
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September 1, 2009
LookAtVietnam – A Finance Ministry official says there will not be an end-year inflationary spike and the total price run-up will be under 7%. Vu Dinh Anh, the deputy director of the Market and Price Research Institute, a unit of the Finance MinistryThe on-line newspaper VNExpress talked with Vu Dinh Anh, the deputy director of [...]
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August 31, 2009
LookAtVietnam – The following are extracts from the speech delivered by Governor of the State Bank of Vietnam Nguyen Van Giau on the role of the monetary policy in the post-recession period. Governor of the State Bank of Vietnam Nguyen Van GiauAs the global economy has fallen into recession, a lot of countries in the [...]
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August 24, 2009
LookAtVietnam – Dr. Le Duc Thuy, well known economist, advocates continued but more narrowly focused demand stimulus for some time into 2010. Dr. Le Duc Thuy, the Chairman of Vietnam’s Finance and Monetary Policy Oversight CommitteeThuy, a former head of the State Bank, spoke to reporters from the online paper VNExpress, and Konishi to staff [...]
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August 20, 2009
LookAtVietnam – Dr Tran Du Lich, a well-known economist said that Vietnam needs to continue the interest rate subsidisation packages, and reduce the subsidised interest rates. Dr Tran Du LichTBKTVN: What is your comment about the impacts of the short-term interest rate subsidisation package which terminates on December 31, 2009? Lich: The short-term demand stimulus package [...]
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