October 30, 2011
Foreign visitors examine Vietnamese wood products at an exhibition in Ho Chi Minh City. The demand for garments and woodwork is expected to fall as the global recession continues. Exports are growing and their prices are rising, but a faster rise in input costs is canceling export profits. Exporters worry that the development is expected [...]
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September 15, 2011
EU commissioner for Economic and Monetary Affairs Olli Rehn has said eurozone economy was set to come to a “virtual standstill” in the second half of the year, but he assured that Europe would avoid another recession. The eurozone’s runaway debt crisis is dragging down growth, the EU warned on Thursday as finance ministers headed [...]
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June 10, 2011
Vietnam’s consumer confidence continued to fall, a survey found Vietnam’s online consumer confidence continued to fall in the first quarter due to concerns over the current state of the economy, according to a recent survey by Nielsen Vietnam. With its confidence index dipping five points to 98, below the Asia Pacific average of 106, the [...]
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January 2, 2010
TNS Vietnam, Kantar Worldpanel and Kantar Media have identified several key trends that will influence consumerism in 2010. One year ago, Vietnam was marred in its first recession in modern history and the prospects of the average consumer were looking bleak. Twelve months later, it appears that Vietnamese consumers seem to have weathered “the perfect [...]
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December 8, 2009
Viet Nam exported about 100,000 tonnes of coffee in November, earning a value of US$145 million, according to the Ministry of Agriculture and Rural Development. In these 11 months, although coffee export volume was 19.3% higher than in same period last year, export value dropped by 14.7% due to the world recession.In November, the export [...]
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December 4, 2009
Viet Nam, on the brink of becoming a middle-income country and facing new development challenges, is getting better assistance from donors and development partners . . . Vietnamese Government officials, led by Prime Minister Nguyen Tan Dung, talk with development partners at the Consultative Group meeting on how to stimulate rapid and sustainable economic growth [...]
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December 1, 2009
NA Chairman receives AIPA delegates; Polish Agriculture Minister visits Vietnam; PM pledges contributions to climate change conference; Politics academy opens Chinese-funded dormitory NA Chairman receives AIPA delegatesNational Assembly Chairman Nguyen Phu Trong on November 30 received delegates from the ASEAN Inter-parliamentary Assembly (AIPA) who have been in Hanoi for a conference to discuss female parliamentarians’ [...]
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November 27, 2009
The Japanese yen soared against the U.S. dollar on Thursday reaching the upper 86-yen level in a sharp appreciation not seen since 1995. (Xinhua/Reuters Photo)The yen surged to highs of between 86.72 and 86.75 yen at one point shortly after noon on Thursday — an all-time high since July 1995. The dollar traded between 87.19 [...]
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November 14, 2009
The dollar ended the week lower against major currencies as a growth of the euro zone economy boosted investors’ risk appetite, which lacked support in previous sessions. Gross Domestic Product (GDP) increased by 0.4 percent in the euro zone, and by 0.2 in the 27-nation European Union (EU) during the third quarter of 2009, according [...]
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November 10, 2009
It is still too early to remove stimulus, and climate change financing remains the key to success of the Copenhagen conference, the G20 finance ministers and bank governors said Saturday. Britain’s Prime Minister Gordon Brown (L) talks to the Chairman of the U.S. Federal Reserve Ben Bernanke (back to camera), U.S. Treasury Secretary Timothy Geithner [...]
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Posted in International, News | Comments Off
