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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November 9, 2011
Vietnamese lawmakers backed a plan that aims for annual economic growth of as much as 7 percent through 2015 and seeks to quell Asia’s highest inflation. The National Assembly approved an objective of 6.5 percent to 7 percent annual economic expansion from 2011 to 2015 and a goal of reducing inflation to 5 percent [...]
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September 3, 2011
The government will continue tightening monetary policies and take other measures to achieve a growth rate of six percent and keep inflation rate at around 18 percent for the year, a senior official told the press Thursday. According to Vu Duc Dam, head of the Government Office, the country’s gross domestic product (GDP) growth [...]
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June 14, 2011
The Asian Development Bank sees a bit of room left for policy rate hikes in Vietnam, but expects monthly inflation to start to come down this month and double-digit annual inflation to begin to ease in August. Vietnam has been grappling with some of the highest inflation in the world. It has ratcheted up [...]
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May 4, 2011
Vietnam's Central Bank Governor Nguyen Van Giau speaks at a news conference of the 44th annual meeting of the Asia Development Bank in Hanoi May 2, 2011. Vietnamese central bank governor Nguyen Van Giau expressed confidence on Monday in government steps to curb soaring inflation, days after raising key policy rates for the second time [...]
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April 9, 2011
A vendor carries pineapples on a bicycle in downtown Hanoi. Consumer prices rose 13.89 percent in March from a year earlier and are expected to continue increasing in the next few months. Vietnam will increase the minimum wage by 14 percent next month, raising concern that higher labor costs may fan inflation that is already [...]
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January 1, 2011
A staff member hands stacks of cash to a client at a bank in Ho Chi Minh City. High interest rates have become roadblocks in public access to loans. Ho Anh Thu, an IT engineer in Hanoi, lives in a cramped flat with five other family members on Kim Giang Street. For several months, she [...]
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December 11, 2010
The Hanoi-based Southeast Asia Commercial Joint Stock Bank (SeABank) on Thursday raised deposit interest rates to 18 percent early Wednesday before reduced them to 13.5 to 14 percent. Interest rates in Vietnam have soared over the past few weeks after the central bank signaled tighter monetary policies to curb inflation and stabilize the foreign exchange [...]
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January 19, 2010
LookAtVietnam – It has been rumoured that the State Bank of Vietnam may raise the basic interest rate in January 2010. While the State Bank of Vietnam (SBV) has not confirmed or denied the rumour, securities companies have already begun arguing that SBV has no reason to raise the basic interest rate. According to Tran Hai [...]
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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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