December 12, 2011
Some important state-owned enterprises, including PetroVietnam, will remain owned by the government Some of the losses that state-owned enterprises incurred were due to their attempts to keep prices stable and to rein in inflation, Prime Minister Nguyen Tan Dung said Thursday. He said state utility Electricity of Vietnam, for instance, had to sell power below cost [...]
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November 19, 2011
The Vietnamese government said it has allowed national carrier Vietnam Airlines to equitize, but said the state will retain more than half of shares in the firm. Deputy Prime Minister Vu Van Ninh told the Transport Ministry in a directive signed on Tuesday to draft a detailed plan for the airline’s equitization for government [...]
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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 29, 2011
Vietnam’s government announced key structural reforms for the economy next year on Thursday , focusing on improving state-owned enterprise and the banking sector. Prime Minister Nguyen Tan Dung said the government will speed up share sales at state companies and review their operations. State-owned companies will have to focus only on their main business [...]
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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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August 4, 2011
The government cabinet with 27 members made their debut on August 3, 2011. The National Assembly on Wednesday approved the nominations of 26 government cabinet members by newly re-elected Prime Minister Nguyen Tan Dung for the 2011-16 term. Accordingly, the government cabinet of the new term will have 27 members – PM Dung, four deputy [...]
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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 12, 2011
A woman with children shops at a supermarket in Hanoi. Experts have criticized a new draft law on prices, saying it does not mention anything about consumer rights. The proposed law on prices as currently written has raised concerns among business groups about more controls on pricing. In addition, experts complain that the new law [...]
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April 3, 2011
Japan's Prime Minister Naoto Kan (R) bows as he speaks to tsunami victim Ryoko Otsubo during his visit to an evacuees shelter in Rikuzentakata, after the area was devastated by a magnitude 9.0 earthquake and tsunami April 2, 2011 Japan’s prime minister made his first visit to the country’s tsunami-devastated region on Saturday and entered [...]
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February 21, 2011
Vietnam’s stocks tumbled the most since November 2009 after the government said it will raise electricity prices by a record 15.3 percent, spurring concern the government will step up measures to curb inflation. The Ho Chi Minh City Stock Exchange’s VN Index slumped 4 percent, the most among Asian benchmark gauges today, to 483.68 [...]
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