January 2, 2012
Vietnam will find it difficult to sustain into the new year the trade deficit reduction that it managed in 2011, given that it plans to reduce import tariffs on many products and that the ongoing global recession could hurt its exports, experts say. Vietnam’s trade deficit narrowed to US$9.5 billion from $12.4 billion in [...]
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December 21, 2011
The financial crisis in Europe and resultant weaker consumption is posing a great danger to Vietnamese exporters, many of whom have been heavily dependent on the market. Truong Thi Le Khanh, general director of Vinh Hoan Corp., a seafood processor and trader, said shipments to the EU are now on a decline. As the [...]
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November 14, 2011
Workers at a ship yard of the Vietnam Shipbuilding Industry Group, or Vinashin. Many in Vietnam hope the government will pursue reforms that are broad enough and deep enough to fix debt-ridden state banks and rein in inefficient state enterprises (SOEs) such as Vinashin, which embarrassingly defaulted last year. After four years of economic instability, [...]
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July 31, 2011
Anti-corruption advocates and international experts hope a new president and National Assembly will get tough on graft and economic problems A boy walks with water buffaloes in Lao Cai Province’s Sapa District in northwest Vietnam. Anti-corruption advocates and international analysts hope that Vietnam’s new leadership will get tough on graft and economic problems. Le [...]
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May 2, 2011
A recent proposal by the Ministry of Finance to raise taxable income threshold to VND5 million (US$238) from the current VND4 million ($190) will not help ease financial burdens in the context of rising consumer prices, according to experts. Le Quoc Dung, vice chairman of the Economic Commission of the National Assembly, said the [...]
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October 8, 2009
LookAtVietnam – It’s being asked why Vietnam Food Association allowed state-owned Vinafood 2 to sell rice for less than the export floor price. [Tien Phong, a Hanoi newspaper, has been investigating the tight relationship between the Vietnam Food Association (VFA) and two large state corporations, Vinafood 1 and Vinafood 2.] The Vietnam Food Association (VFA) manages [...]
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September 23, 2009
VietNamNet Bridge – Vietnam deserves its relatively low ‘business environment’ ranking by the World Bank, suggests prominent economist Le Dang Doanh. Economist Le Dang DoanhOn the heels of a report that Vietnam has fallen back from 91st to 93rd in the World Bank’s annual ‘Doing Business’ survey of 183 countries, the on-line paper VnMedia interviewed Dr. [...]
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August 18, 2009
LookAtVietnam – Economist Le Dang Doanh said that in order to persuade Vietnamese consumers to use Vietnamese goods, producers have to provide high-quality products and win consumers’ confidence. Well-known economist Le Dang Doanh Doanh: Launching the ‘Buy Vietnamese goods’ campaign is a right way of thinking. First of all, I think that the Government needs to [...]
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Posted in Business, News | Comments Off
August 17, 2009
LookAtVietnam – Domestic businesses should have long-term vision, become more competitive and establish links with each other to capitalise on post-crisis opportunities, The export sector was the most affected sector, falling 13.4 per cent in the first seven months of the year.Nguyen The Hung, deputy head of the Viet Nam Chamber of Commerce and Industry [...]
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August 17, 2009
A leading Vietnamese economist believes Vietnamese exporters should expect new opportunities in the US as it is likely to be first major economy to recover rather than Japan or the European Union. The US governmentâs US$787- billion stimulus package has made positive impacts on the economy, which have shown up in recent encouraging industry and [...]
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