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
Vietnam will have tight fiscal and monetary policies to fight inflation this year, while advancing a restructuring plan to enhance the efficiency and competitiveness of the economy, the government said. The country will use a “tight, cautious, flexible” monetary policy and “tight, effective” fiscal measures in 2012, according to a resolution posted late yesterday [...]
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October 9, 2011
Vietnam may undermine efforts to stabilize the country’s economy and currency if it prematurely eases monetary policy, the International Monetary Fund said, as the nation fights the fastest inflation in Asia. “The risk is that all the hard work they’ve done this year in trying to re-establish their stabilization credentials and to try to [...]
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October 8, 2011
Vietnam’s central bank increased its refinancing rate for the first time since May, as the nation tries to steady its currency and tame Asia’s fastest inflation. The State Bank of Vietnam raised the refinancing rate to 15 percent from 14 percent, effective Oct. 10, it said in a statement on its website Thursday. The [...]
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July 25, 2011
Food, transport and construction-material prices have stoked consumer-price growth in Vietnam. Vietnamese inflation accelerated for an 11th month in July after the central bank cut a key interest rate even as the nation faces the fastest price gains in Asia. Consumer prices rose 22.16 percent from a year earlier, compared with June’s 20.82 percent pace, [...]
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July 15, 2011
The Vietnamese central bank’s head of monetary policy has been made chairman of the country’s biggest bank, state-owned Vietnam Bank for Agriculture and Rural Development (Agribank), the official media reported. On Wednesday, Nguyen Ngoc Bao was becoming head of Agribank. His predecessor as chairman, Nguyen The Binh, and Agribank’s general director Pham Thanh Tan [...]
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July 15, 2011
As inflation slows and liquidity improves, the high dong deposit rates offered by commercial banks could fall slightly in the coming months, Nguyen Thi Mui, a member of the National Advisory Council for Financial and Monetary Policies, tells Thanh Nien Weekly. Thanh Nien Weekly: Firms say that interest rates are too high now at [...]
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July 13, 2011
The Vietnamese central bank’s decision to cut its repurchase rate last week may call into question the government’s determination to fight inflation, the International Monetary Fund said. The State Bank of Vietnam lowered the repo rate for the seven-day term on July 4 to 14 percent from 15 percent. The central bank had boosted [...]
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July 12, 2011
The performance of the local retail market is generally stable The retail property market, unlike other asset classes, has managed to buck the downward trend, according to global property consultant Knight Frank. The performance of the retail market in Hanoi is generally stable thanks to a strong demand, the firm said on Thursday. The firm found that occupancy of retail [...]
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July 8, 2011
Visitors inspect a real estate development project during an exhibition on construction and property in Hanoi. The residential property market in Ho Chi Minh City has been hit hard by the government’s tight monetary policy and buyer confidence is not likely to improve anytime soon, real estate companies say. Consulting firm CB Richard Ellis said [...]
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