January 23, 2010
The Vietnamese economy is heading to a higher growth in 2010, but a lot of challenges are waiting ahead. As public investments keep on expanding, efficiency continues to raise questionsAs public investments keep on expanding, efficiency continues to raise questions Since Vietnam’s economic growth bottomed out at 3.1 per cent in the first quarter of [...]
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December 4, 2009
LookAtVietnam – Banks have said new customers will find it hard to obtain bank loans as they have difficulty mobilizing funds from the public despite higher interest rates. Nguyen Quoc Sy, deputy general director of Western Commercial Bank, said his bank had been unable to lure as much capital from the public as expected and [...]
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December 3, 2009
LookAtVietnam – Vietnam’s Government said on Tuesday it would stop stimulus in the year-end, three months earlier than expected, citing rapid credit growth as a key reason. The Government keeps subsidizing loans extended to farmers and rural areas as well as medium- and long-term bank loans, but the level of subsidization will be reviewed.This is [...]
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November 13, 2009
The governmentâs stimulus package has come with a cost as inflation has recently been on the rise again. While it has staved off the worst impacts of the global crisis, Vietnam needs to phase out government stimulus, says IMF Senior Resident Representative Benedict Bingham. Thanh Nien: How has the stimulus package contributed to Vietnamâs economic [...]
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November 10, 2009
It is still too early to remove stimulus, and climate change financing remains the key to success of the Copenhagen conference, the G20 finance ministers and bank governors said Saturday. Britain’s Prime Minister Gordon Brown (L) talks to the Chairman of the U.S. Federal Reserve Ben Bernanke (back to camera), U.S. Treasury Secretary Timothy Geithner [...]
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October 31, 2009
LookAtVietnam – Vietnam has fortified its economy in 2009 through effective economic stimulus measures and is looking at some ambitious socio-economic targets for 2010. Many enterprises have prospered during the global economic downturn, while many regional competitors have struggledMany enterprises have prospered during the global economic downturn, while many regional competitors have struggled This year [...]
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October 28, 2009
LookAtVietnam – Sentiment on whether to extend the stimulus in some way seems about evenly divided. We survey recent opinions. The 2009 stimulus package, valued at $8 billion in additional spending, featured tax exemptions, reductions and deferments for businesses, increased bond sales, and an interest rate subsidy program. It is widely credited with enabling Vietnam to [...]
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October 20, 2009
LookAtVietnam – Small enterprises have found it hard to obtain preferential loans. That’s why economists don’t support second demand stimulus package. High on the agenda of the National Assembly session that opened on October 20 is whether or not to the government’s economic stimulus package, implemented this year as a counter-recession measure, ought to be extended. Over [...]
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October 15, 2009
The industry and trade sector has recovered with an average monthly increase of 10 per cent since July as a result of the Government’s economic stimulus packages. Workers at the Viet Nam Garment Group’s Phong Phu Company. Sales of garments and textiles have risen 18 per cent in the last nine months.They said the sector [...]
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October 10, 2009
A second stimulus package that is smaller in scale and more focused than the first is required to sustain Vietnam’s still fragile recovery from the economic crisis. Nguyen Huu Canh Street in HCMC cost VND419 billion to build but it has been plagued by flooding since it opened in 2002The global economy is showing signs [...]
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