January 21, 2012
The Asia Development Bank (ADB) on Tuesday signed a US$24.8 million support agreement to foster Vietnam’s "inclusive growth" and thus aid further poverty reduction in the country, the bank said in a press release. Through the support agreement, ADB will provide parallel financing to the Poverty Reduction Support Credit framework supported by a number of development [...]
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January 16, 2012
Vietnam will see strong economic expansion during the coming 40 years, HSBC says Vietnam will be among the top 50 economies within the next few decades as many other emerging markets are set to take the lead of the global economy, HSBC has predicted. “Vietnam, like many of its rapid growing neighbors, will see strong [...]
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January 14, 2012
Vietnam signaled that it may cut policy interest rates to “more suitable” levels after the first quarter and weaken the dong this year as Asia’s fastest inflation eases. “The central bank will adjust policy rates to more suitable levels, aiming to help ease the average level of market interest rates,” central bank Governor Nguyen [...]
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January 11, 2012
 A man works at a steel factory in Que Vo District, outside Hanoi . Many companies in Vietnam are facing higher operation costs and lower profits. An annual report that ranks Vietnam’s 500 largest companies based on revenues, profit, growth rate, assets, and number of employees shows that returns are declining for private companies. [...]
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January 9, 2012
 Street vendors ply their goods in downtown Ho Chi Minh City. The Asian Development Bank has lowered Vietnam’s economic growth forecast in 2012 to 6.3 percent from 6.5 percent forecast last September. With the world economy remaining mired in difficulty, the Asian Development Bank forecasts a difficult year ahead for Vietnam. However, it [...]
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January 8, 2012
A clothes shop offers discount of 50 percent in Hanoi. Vietnamese consumers like to purchase products on sale, a survey has found. All major retailers have been offering attractive discounts to encourage recession-wary shoppers to loosen their purse strings for the festive season, and the initial response has been positive. The discount sales began prior [...]
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January 3, 2012
A street vendor walks past a Chanel SA store inside the Rex Hotel in downtown Ho Chi Minh City, Vietnam, on Tuesday, Dec. 27, 2011. Vietnam’s growth held near 6 percent this quarter, reducing the pressure for further monetary tightening after higher interest rates limited the boost to the economy from exports and domestic consumption. [...]
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January 2, 2012
Despite the tough economic climate, many foreign companies are continuing to expand operations in Vietnam in hope that their strategy will pay off when the recovery happens. BlueScope Buildings Vietnam, formerly known as BlueScope Lysaght Vietnam, inaugurated a US$4 million steel plant in Hanoi two weeks ago. The plant, located in the Quang Minh [...]
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December 23, 2011
The Politburo, Vietnam’s Communist Party decision making body, aims to create a “fair business environment” for entrepreneurs in the country as it recognizes their importance in the economy, according to a resolution on the government’s website. The nation will make socio-economic development plans public and “transparent” to help reduce business risks for entrepreneurs, according [...]
Tags: Business, Communist Party, economic, entrepreneurs, In The Economy, Ldquo, Politburo, Rdquo, The country, The economy, The Nation, The Politburo, Vietnam
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December 14, 2011
Vietnam's inflation is expected to slow to about 9 percent in 2012 and is under control, Prime Minister Nguyen Tan Dung told the Consultative Group. Vietnam may undermine progress toward economic stability if it loosens monetary policy now, the International Monetary Fund and World Bank said as the nation struggles with the fastest inflation in [...]
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