China’s economy cooled to its slowest pace in seven years in 2008, expanding 9 percent year-on-year as the widening global financial crisis continued to affect the world’s fastest-growing economy, official data showed Thursday. Gross domestic product (GDP) reached 30.067 trillion yuan (4.4216 trillion U.S. dollars) in 2008, Ma Jiantang, director of the National Bureau of [...]
VietNamNet Bridge – Vietnam’s maritime economy is forecast to contribute 53 percent to GDP by 2020, affirmed the Minister of Natural Resources and Environment, Pham Khoi Nguyen, at a conference on deploying the mission of the Vietnam Sea and Island General Department on December 26. To carry out this task, the General Department should build [...]
VietNamNet Bridge – Higher GDP per capita, estimated at $1,027-1,030 will weed Vietnam from off the list of poor countries. However, experts say that the more important thing for Vietnam to aim at is sustainable development. “GSP is not the only figure that shows the development level and the richness of a nation. The most [...]
VietNamNet Bridge – The Hanoi People’s Council convened its 17th session on Dec. 8, targeting a gross domestic product (GDP) growth rate of between 9.5-10 percent for 2009. VietNamNet Bridge – The Hanoi People’s Council convened its 17th session on Dec. 8, targeting a gross domestic product (GDP) growth rate of between 9.5-10 percent for [...]
VietNamNet Bridge – The resolution on next year’s socio-economic plan was adopted with nearly 88 per cent of National Assembly deputies voting yesterday afternoon. The NA also emphasised that the Government needed to closely keep watching and raising the quality of economic forecasts domestically and internationally, and take the initiative of outlining measures to deal [...]
VietNamNet Bridge – The Governor of the State Bank of Vietnam, Nguyen Van Giau, said that the Government is going to propose lowering the targeted GDP growth rate to 6.5-6.7% instead of 6.5-7%. Governor of the State Bank of Vietnam Nguyen Van GiauOne day after the State Bank of Vietnam announced the interest rate cuts [...]
VietNamNet Bridge – The research team of the Centre for Economic and Policy Research (CEPR) under Hanoi National University has said that a price increase will lead to a GDP decrease. The possible impacts of electricity price increases on GDP Scenario 1Household consumption: up by 20% GDP decrease: 0.04% CPI increase: 0.13%Production consumption: 0% Scenario 2Household consumption: up by 20% GDP [...]
VietNamNet Bridge – Dr. Tran Du Lich, head of the Ho Chi Minh City Economics Institute, said that Vietnam needs to obtain the GDP growth rate of over 6%, even if high inflation or deflation occurs. Dr. Tran Du Lich, head of the Ho Chi Minh City Economics InstituteI think that pursuing policies on curbing [...]
VietNamNet Bridge – Economic indicators have improved in the last two months, but abysmal conditions in the first half of the year will likely prevent Vietnam from reaching its economic goals. Abysmal conditions in the first half of the year will likely prevent Vietnam from reaching its economic goals.The Central Institute for Economic Management (CIEM) [...]
VietNamNet Bridge – Deputy Minister of Planning and Investment Cao Viet Sinh said that considering socio-economic development in the first nine months of the year, it will be very difficult to obtain the GDP growth rate of 7% this year the government wanted. The GDP growth rate in the third quarter of 2008 was higher [...]
