January 21, 2012
The Asia Development Bank (ADB) on Tuesday signed a US$24.8 million support agreement to foster Vietnam’s "inclusive growth" and thus aid further poverty reduction in the country, the bank said in a press release. Through the support agreement, ADB will provide parallel financing to the Poverty Reduction Support Credit framework supported by a number of development [...]
Tags: development, economic, Economic growth, Economic Growth And, efforts, growth, Inclusive, Inclusive Growth, Macroeconomic, percent, Poverty, Poverty Reduction, Press Release, Promote Economic, Promote Economic Growth, reduction, reforms, release, Socioeconomic Development, support, Support Agreement, The Macroeconomic, The Poverty, The vietnamese, The Vietnamese Government, Vietnam, Vietnamese Government
Posted in Politics | Comments Off
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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December 22, 2011
Russia’s President Dmitry Medvedev makes his annual state of the nation address in the Moscow Kremlin, on December 22. Russian President Dmitry Medvedev on Thursday unveiled political reforms in response to an outburst of protests, but warned that “provocateurs and extremists” were seeking to stir unrest in the country. Two days ahead of a new [...]
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December 5, 2011
Slowing inflation and talk of financial reforms have not boosted market sentiment as expected, and analysts are predicting the worst will not be over any time soon. Phan Dung Khanh, research manager at Kim Eng Vietnam Securities Co., said the stock market may move sideways or only recover slightly next year. Macroeconomic measures taken [...]
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November 26, 2011
Picture shows Milan’s stock exchange with a sculpture by Italian artist Maurizio Cattelan in front. The European Commission warned Italy’s high borrowing costs could hit growth after bond yields surged to new records and France and Germany warned a blow-out on Italian debt could kill the euro. “If the bond yields continue to be this [...]
Tags: ambitious, Ambitious Timeline, Ambitious Timeline Rdquo, An Ambitious Timeline, An Ambitious Timeline Rdquo, billion, Billion Euros, Bond Auction, Bond Yields, Borrowing, Borrowing Costs, Concerns, economic, Economic Reforms, Europe, European, European commission, European union, Euros, Eurozone, Friday, Germany, growth, High Borrowing, High Borrowing Costs, investors, Italian, Italy, Its Debt, Ldquo, markets, Monti, Of The Euro, percent, Rdquo, Rdquo Rehn, Rdquo Rehn Said, Record, reforms, Rehn Said Italy, Said Italy, The Bond, The country, The Day, The Debt, The Euro, The european, The European Commission, The Eurozone, Timeline Rdquo, warned, world, World Record
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November 14, 2011
Workers at a ship yard of the Vietnam Shipbuilding Industry Group, or Vinashin. Many in Vietnam hope the government will pursue reforms that are broad enough and deep enough to fix debt-ridden state banks and rein in inefficient state enterprises (SOEs) such as Vinashin, which embarrassingly defaulted last year. After four years of economic instability, [...]
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October 3, 2011
The DAX Index board is pictured at Frankfurt’s stock exchange August 5, 2011. Greece’s admission that it will miss its deficit targets this year and next despite harsh new austerity measures sent stock markets reeling on Monday and raised new doubts over a planned second international bailout. The gloomy news from Athens brought the specter [...]
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Posted in International | Comments Off
June 11, 2011
Foreign donors have pledged their support for the long-term implementation of Resolution 11 International development partners hailed Vietnam’s initial success in restoring economic stability, on Thursday, and called for further reforms through 2012. Vietnam’s one-day mid-year Consultative Group meeting in Ha Tinh Province included a thorough discussion and assessment of Vietnam’s Resolution 11, which was [...]
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May 31, 2011
Japan’s economy offered more signs of recovery from the deadly March earthquake on Tuesday, but Moody’s ratings agency warned both growth and government action may fall short of what is necessary to bring Tokyo’s ballooning debt back under control. Industrial output rose 1 percent last month after a record plunge immediately after the magnitude [...]
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April 25, 2011
Lai Tuan Vuong, Deputy Director of the Investment Registration Department of the Department of Planning and Investment of Ho Chi Minh City, speaks at the seminar Indian businessmen are sanguine about the business environment in Ho Chi Minh City but would like more support from the local authorities, a conference at Caravelle Hotel in HCMC’s [...]
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