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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September 16, 2011
Vietnam should consider consolidating its banks and infusing more capital into lenders as part of structural reforms of the financial industry, the Asian Development Bank said Wednesday. “The number of banks is obviously too many, compared to the size of the economy,” Tomoyuki Kimura, Asian Development Bank’s country director for Vietnam, said in an [...]
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June 4, 2011
Shoes and materials are laid on the ground of a factory in the handicraft shoe village of Gie Ha, south of Hanoi. Vietnam’s trade deficit has just kept ballooning over the years and economists don’t see it stopping any time soon, given the country’s heavy reliance on imported materials and machinery. The deficit widened to [...]
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March 25, 2011
Photo taken on May 6, 2009 shows a ship under repair at Vinashin’s Nam Trieu shipbuilding factory in the northern port city of Hai Phong Prime Minister Nguyen Tan Dung and other leaders acknowledge “shortcomings” in managing the nation’s top shipbuilding company, Deputy Prime Minister Nguyen Sinh Hung said. They had shortcomings and weaknesses but [...]
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January 9, 2010
Vietnamâs shipments of electronic products and garments are rebounding Vietnamâs fourth-quarter growth exceeded market expectations and the countryâs full-year expansion was âfar more resilientâ than the rest of Asia with the exception of China, Citigroup Inc. said. The economy expanded 6.9 percent on-year in the fourth quarter, up from a revised 6.04 percent in the [...]
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January 7, 2010
Vietnamâs fourth-quarter growth exceeded market expectations and the countryâs full-year expansion was âfar more resilientâ than the rest of Asia with the exception of China, Citigroup Inc. said. The economy expanded 6.9 percent on-year in the fourth quarter, up from a revised 6.04 percent in the third quarter, and grew 5.32 percent for the full [...]
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October 27, 2009
HSBC Holdings Plc warns that Vietnam’s trade gap is moving âsharply higher again,â driven by rising credit and economic growth. Vietnamâs monthly trade deficit widened to US$1.9 billion in October, as the nationâs imports decline eased amid accelerating economic growth. Exports this month are estimated at $4.75 billion, while imports are seen at $6.65 billion, [...]
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October 1, 2009
LookAtVietnam – When Vietnam increases its exports, it must import more materials to make exports, an expert warns. In the first nine months of 2009, garment exports brought Vietnam $6.7 billion in revenue, according to the General Statistics Office (GSO). Meanwhile, Vietnam had to import $4 billion worth of materials to create those exports. Dr. Vu [...]
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September 30, 2009
LookAtVietnam – Although some economists expressed concern about the CPI increase in September, GSO says its just a cyclical thing. Tran Thi Hang, director of the Trade Service and Price Department, a unit of the General Statistics OfficeTran Thi Hang is director of the Trade Service and Price Department, a unit of the General Statistics [...]
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