January 14, 2012
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 [...]
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January 11, 2012
Vietnam will adjust policy interest rates to “more suitable” levels after the first quarter and weaken the dong as much as 3 percent this year, central bank Governor Nguyen Van Binh said. “We believe that 2012 will be a hard year, a challenging year for Vietnam’s economy,” Binh said at a conference in Hanoi [...]
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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 25, 2011
After years of sky-rocketing credit growth to finance development, Vietnam’s banking system is now weighed down by toxic loans that have forced the communist nation to launch tough reforms. The Southeast Asian country’s financial sector consists of about a hundred banks — either state-owned, private or foreign bank branches. But most have only limited [...]
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December 14, 2011
Vietnam's inflation is expected to slow to about 9 percent in 2012 and is under control, Prime Minister Nguyen Tan Dung told the Consultative Group. Vietnam may undermine progress toward economic stability if it loosens monetary policy now, the International Monetary Fund and World Bank said as the nation struggles with the fastest inflation in [...]
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August 15, 2011
A photo from news website VnExpress showing a stock investor reacting to a decline in stock prices It’s wrong for the stock market to depend on short-term funds from banks and measures will be taken to help it attract capital on its own, State Bank of Vietnam Governor Nguyen Van Binh said. The banking sector [...]
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August 24, 2009
LookAtVietnam – Dr. Le Duc Thuy, well known economist, advocates continued but more narrowly focused demand stimulus for some time into 2010. Dr. Le Duc Thuy, the Chairman of Vietnam’s Finance and Monetary Policy Oversight CommitteeThuy, a former head of the State Bank, spoke to reporters from the online paper VNExpress, and Konishi to staff [...]
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June 20, 2009
Britain’s embattled prime minister looked surprisingly chipper at the EU summit. UK Prime Minister Gordon Brown (L) talks with his Finnish counterpart Matti Vanhanen as German Chancellor Angela Merkel (C) passes by during the second day of the EU Summit in Brussels, capital of Belgium, June 19, 2009. The two-day EU Summit was concluded here [...]
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June 18, 2009
Joining hands is often the best way to grab business success. LookAtVietnam – More firms are considering taking the mergers and acquisitions route to fresh investment opportunities amid the sagging markets. Le Minh Thanh, head of An Binh Securities Joint Stock Company’s private equity division, said there were many opportunities for investors to undertake mergers [...]
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May 19, 2009
Banking sector needs to help businesses more; HCM City: CPI rises by 0.58 percent in May; Work starts on first northern polyester fiber plant; VCCI fortifies ties with foreign business associations; City to hold merger, acquisition seminar The SBV will continue to issue proper policies to ensure stable exchange rates. (Photo: VNA)The Governor of the [...]
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