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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September 16, 2011
Vietnam should consider consolidating its banks and infusing more capital into lenders as part of structural reforms of the financial industry, the Asian Development Bank said Wednesday. “The number of banks is obviously too many, compared to the size of the economy,” Tomoyuki Kimura, Asian Development Bank’s country director for Vietnam, said in an [...]
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June 25, 2009
People attending the OECD forum watch a screen with unemployment indications Wednesday at the OECD headquarters in Paris The advanced economies will soon hit the bottom of the recession and have begun the long haul toward a weak recovery by the end of the year, the Organization for Economic Cooperation and Development said. The OECD [...]
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May 22, 2009
Paul Krugman’s advice for Vietnam: don’t lose sight of financial regulation as private business takes off and the “invisible hand” of the market grows stronger. Economist Paul Krugman and Vietnamese Deputy PM Nguyen Sinh Hung in Hanoi on May 22.The Nobel Prize-winning economist said strict regulation of the financial sector and government safety nets would [...]
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May 22, 2009
A teller processes a transaction at a bank in Ho Chi Minh City. Any deregulation âneeds to be done with great care,â Nobel Prize Laureate Paul Krugman said. Paul Krugmanâs advice for Vietnam: donât lose sight of financial regulation as private business takes off and the âinvisible handâ of the market grows stronger. The Nobel [...]
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April 17, 2009
The global recession may be ending and a recovery could emerge next year, Managing Director of the International Monetary Fund (IMF) Dominique Strauss-Kahn said here on Thursday. China’s exports figures plummeted 25.7 percent in February from a year earlier, the fourth straight monthly fall as global demand shrank, the General Administration of Customs said on [...]
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