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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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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December 24, 2009
A farmer poses in her rice paddy field in Vietnam’s northern Bac Ninh province, outside Hanoi The World Bank said it had approved its biggest ever loan to Vietnam as it virtually endorsed the once war-ravaged Southeast Asian nation’s impending elevation to middle income status. The US$500 million loan was the first to the fast-growing [...]
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June 10, 2009
A man pushes a bicycle past an ATM booth of the Standard Chartered Bank in Hanoi. Vietnamâs widening budget deficit may lower investor confidence, according to agencies and countries that provide the country with grants and low-interest loans. The gap may expand to about 12 percent of gross domestic product (GDP) this year, compared with [...]
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June 9, 2009
Vietnam may need to increase interest rates to bolster a weakening currency and slow credt growth, the International Monetary Fund (IMF) told government officials yesterday. The IMF and the World Bank, in remarks Monday at a conference in the Central Highlands town of Buon Ma Thuot, also suggested that Vietnam phase out subsidies to bank [...]
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June 2, 2009
Workers at a construction site in Ho Chi Minh City. The Vietnamese economy is showing signs of recovery after a âconsiderableâ slowdown in growth last quarter, helped by construction and higher commodity prices, the World Bank said Monday. Gross domestic product expanded 3.1 percent in the first quarter from a year earlier, according to the [...]
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April 8, 2009
Banks in Vietnam are neither exposed to toxic products nor owned to a large extent by exposed foreign banks, the World Bank said in a report Tuesday The direct impact of the global financial crisis on Vietnam is minimal, the World Bank said Tuesday, but warned that the nationâs economy may face difficulties caused by [...]
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