Vietnam signaled that it may cut policy interest rates to “more suitable” levels after the first quarter and weaken the dong this year as Asia’s fastest inflation eases. “The central bank will adjust policy rates to more suitable levels, aiming to help ease the average level of market interest rates,” central bank Governor Nguyen [...]
After years of breakneck expansion, retailers in China are scaling back and delaying their growth plans as the maturing market enters a new phase of consolidation fueled by slowing demand and fierce competition. This new conservatism, far from alarming investors, is actually giving many peace of mind by allaying concerns about hasty expansion despite fast [...]
Vietnamâs central bank cut the benchmark interest rate to 7 percent as the government struggles to buoy an economy which expanded at the slowest pace in almost a decade last year amid the global financial crisis. The State Bank of Vietnam reduced the key rate from 8.5 percent, effective Feb. 1, according to an e-mailed [...]
A woman tries to move her motorbike through floodwaters in central Binh Dinh Province on Thursday. The World Bank wants to help Vietnam cope with the increasingly dire effects of climate change without affecting the speed of economic growth, an official from the group told Thanh Nien Daily. “We are looking for very specific and [...]
VietNamNet Bridge – All commercial banks have slashed their deposit interest rates after the State Bank of Vietnam slashed the basic interest rate to 12%, thus causing the capital mobilization process to start slowing down. A lot of joint stock banks began applying the new interest rates as of November 11. The rates have been [...]
VietNamNet Bridge – The number of cars imported in the form of complete built units (CBU) in September is forecast to drop to 1,400 units, according to the General Statistics Office (GSO). If the forecast is true, car imports in September will decrease by ¼ in quantity and ½ in import turnover compared to August. Import [...]
VietNamNet Bridge – Rice traders say that hardly any ships dock at HCM City ports these days to collect rice. Rice exports have been going slowly. The centre quoted officials of MARD as saying that foreign rice traders may know about the high output of Vietnam’s summer-autumn crop and they have decided not to make [...]
