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 9, 2012
A man (L) stands in front of an ATM while a homeless man sleeps in front of an advertisement on a street in Hanoi January 3. Prime Minister Nguyen Tan Dung has acknowledged the surging influence interest groups have on the policymaking process, calling for increased transparency to tackle the issue. Prime Minister Nguyen [...]
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December 12, 2011
Some important state-owned enterprises, including PetroVietnam, will remain owned by the government Some of the losses that state-owned enterprises incurred were due to their attempts to keep prices stable and to rein in inflation, Prime Minister Nguyen Tan Dung said Thursday. He said state utility Electricity of Vietnam, for instance, had to sell power below cost [...]
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November 19, 2011
The Vietnamese government said it has allowed national carrier Vietnam Airlines to equitize, but said the state will retain more than half of shares in the firm. Deputy Prime Minister Vu Van Ninh told the Transport Ministry in a directive signed on Tuesday to draft a detailed plan for the airline’s equitization for government [...]
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November 16, 2011
Vietnam set a schedule for data releases such as bad-debt ratios and Prime Minister Nguyen Tan Dung ordered the publication of a report on state-owned companies’ finances, following calls for more transparency. The State Bank of Vietnam will release banking industry data including the loan ratios and return on equity, as well as figures [...]
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November 14, 2011
President Barack Obama arrives during the first plenary meeting at the APEC Summit in Honolulu, Hawaii November 13, 2011. The head of Boeing chose his words carefully as he explained to President Barack Obama the “dilemma” that Corporate America faces in trying to do business in China. “We see a world where our interests lay [...]
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Posted in International | Comments Off
November 12, 2011
State-owned companies have been asked to divest from the financial sector The State Bank of Vietnam has rejected claims that non-bank financial institutions in the country will be eliminated, saying state-owned companies have only been asked to cut back their investment in the sector. There have been some reports that the government will get rid of [...]
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August 2, 2011
Shipbuilder Vinashin has been criticized for investing in many businesses unrelated to its core operations. The Ministry of Finance plans to halve the amount of capital that state-owned enterprises can use to invest in non-core activities. State companies will be allowed to earmark only 15 percent of their capital for businesses beyond their main functions, [...]
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March 22, 2011
Vietnam’s government grapples with an unprecedented inflationary predicament Construction workers have lunch on the sidewalks of a street in downtown Ho Chi Minh City As consumer prices continue to rise, globally, fuel and energy have spiked at home. Minister of Planning and Investment, Vo Hong Phuc, sat down with Thanh Nien Weekly to discuss [...]
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January 31, 2010
Workers at an apparel factory in Ho Chi Minh City. The global economic recovery currently underway will slow down later this year and the process remains fragile, the World Bank has cautioned. In its âGlobal Economic Prospects 2010â report released Wednesday, the bank says the slowdown will happen on the back of the waning impact [...]
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Posted in Business, News | Comments Off
