July 22, 2011
Deputy Prime Minister Nguyen Sinh Hung speaks at a National Assembly meeting Thursday Vietnam has faced more challenging economic problems than expected, but it managed to achieve positive results in the first half of the year. A government report submitted Thursday to the National Assembly by Deputy Prime Minister Nguyen Sinh Hung said even though a first-half [...]
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April 3, 2011
Investors follow market movements at a securities firm in Ho Chi Minh City Depressed investor sentiment, hit by tightened credit and negative macroeconomic news, has sent the stock market plunging toward the bottom, experts say. “The stock market is now in the bottom region though it hasn’t quite hit the bottom yet,” Pham Linh, general [...]
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March 27, 2011
Vendors sell fruit and vegetables outside the Dong Xuan Market in Hanoi. Lawmakers have criticized the central government for high inflation, corruption, and a widening gap betwwen rich and poor. The government’s focus on maintaining a high rate of growth has come at some cost. During a recent gathering of the National Assembly, Vietnam’s [...]
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February 10, 2011
Vietnam’s foreign exchange reserves were “more than $10 billion” at the end of last year, a senior minister said, a remark that may increase concerns about the dwindling level of reserves. Planning and Investment Minister Vo Hong Phuc’s comment was reported on Wednesday in the Vietnam Economic Times. Phuc provided no details, and it [...]
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January 23, 2010
The Vietnamese economy is heading to a higher growth in 2010, but a lot of challenges are waiting ahead. As public investments keep on expanding, efficiency continues to raise questionsAs public investments keep on expanding, efficiency continues to raise questions Since Vietnam’s economic growth bottomed out at 3.1 per cent in the first quarter of [...]
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January 3, 2010
Inflation controls must be mixed with the necessity to provide firms with capital. LookAtVietnam – Vietnam is expecting higher economic growth in 2010 with fading high inflation risks. The confidence comes from the government’s successful mission to restrict inflation to single digit levels in 2009. The General Statistics Office last week reported that inflation in [...]
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January 3, 2010
Two workers at a bridge construction site in Ho Chi Minh City. Bouncing off an emerging global recovery, Vietnam expects positive economic changes in 2010, specifically export and foreign direct investment (FDI) growth. Policy makers, however, are still weary of the many challenges the developing country faces, not the least of which is the threat [...]
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December 29, 2009
LookAtVietnam – Dr Tran Du Lich stressed that in 2010, a credit growth rate of 25 percent would be reasonable. Dr Tran Du LichDr Tran Du Lich is a Member of the National Advisory Council for Monetary Policies. Dau tu chung khoan: The Government has decided that the credit growth rate in 2010 would be curbed [...]
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December 23, 2009
LookAtVietnam – Economists and businesses have criticized the State Bank of Vietnam for its excessively cautious monetary policy. Businesses complain that they cannot borrow money from banksTran Anh Hiep, the owner of wood workshop in Hoc Mon district in HCM City: Our workshop specializes in making furniture and cupboards. We earn revenue of some 300 million [...]
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December 18, 2009
The consumer price index (CPI) for 2010 is hard to predict as both the global and local economies have only recently seen signs of recovery from the recession. December CPI alone would increase by 2-3%, much higher than the 0.55% in November, because prices of some commodities, including rice, gas, and oil, started to surge.Tran [...]
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