September 10, 2011
A Ho Chi Minh City street packed during rush hour The government has asked the Transport Ministry to draft a plan restricting the circulation of motorcycles in major cities to curb the country’s worsening traffic problem. The ministry has been ordered to submit the plan to the government by the end of 2012. In another [...]
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September 3, 2011
The government will continue tightening monetary policies and take other measures to achieve a growth rate of six percent and keep inflation rate at around 18 percent for the year, a senior official told the press Thursday. According to Vu Duc Dam, head of the Government Office, the country’s gross domestic product (GDP) growth [...]
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Posted in Politics | Comments Off
August 22, 2011
Vietnam's real estate market will continue to grow in the medium and long term, an official says Vietnam is planning to require residential developers to earmark at least 80 percent of their project sites for apartments, Minister of Construction Nguyen Tran Nam said. The requirement must be met before developers are allowed to build villas [...]
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Posted in Business | Comments Off
July 21, 2011
Vietnam, which is battling high inflation and other economic problems, has added nearly $4 billion this year to its foreign reserves, a government report on Thursday said. The State Bank of Vietnam will further increase reserves by the end of 2011, the report to the National Assembly by Deputy Prime Minister Nguyen Sinh Hung [...]
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July 3, 2011
Prime Minister Nguyen Tan Dung (left) talks with the press July 1 after a regular cabinet meeting. The government will strive to keep this year’s inflation at 15-17 percent, Prime Minister Nguyen Tan Dung told the press after a monthly cabinet meeting on Friday. Curbing inflation, achieving macroeconomic stability and ensuring social welfare will continue [...]
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June 11, 2011
Sixteen former Vinashin officials and three government ministries implicated in the company’s financial debacle A ship assembled by the Vietnam Shipbuilding Industry Group (Vinashin)’s Ha Long Ship Building Company in the northern Quang Ninh Province. Three government ministries and 16 former Vinashin officials have been implicated by a team of government inspectors in the [...]
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April 9, 2011
A vendor carries pineapples on a bicycle in downtown Hanoi. Consumer prices rose 13.89 percent in March from a year earlier and are expected to continue increasing in the next few months. Vietnam will increase the minimum wage by 14 percent next month, raising concern that higher labor costs may fan inflation that is already [...]
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March 25, 2011
A staff member counts US dollar notes at a bank in Ho Chi Minh City The dong has strengthened against the dollar and dollar-denominated deposits have increased over the past week after the central bank clamped down on foreign exchange transactions in the unofficial market. On Thursday, the dollar traded at Vietcombank at VND20,865, down [...]
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March 22, 2011
Vietnam’s government grapples with an unprecedented inflationary predicament Construction workers have lunch on the sidewalks of a street in downtown Ho Chi Minh City As consumer prices continue to rise, globally, fuel and energy have spiked at home. Minister of Planning and Investment, Vo Hong Phuc, sat down with Thanh Nien Weekly to discuss [...]
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November 29, 2010
Visitors look at displays last month in a “creative condom” exhibition staged in Beijing to raise awareness of HIV and AIDS. The total number of reported AIDS deaths in China has jumped by nearly 20,000 since an official estimate last year, state media said Monday as Beijing vowed to step up efforts to curb its [...]
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Posted in News, Social | Comments Off
