The World Economic Forum released the Global Risks 2010, highlighting a number of underlying risks that contributed to and were exacerbated by the financial crisis and global economic downturn. Particularly, fiscal crisis, unemployment, underinvestment in infrastructure – especially in energy and agriculture – and chronic disease are identified as the pivotal areas of risk over [...]
A seven-proposal draft of the economic restructuring has been prepared by the Central Institute for Economic Management (CIEM) since late 2009 and is expected to be submitted to the National Assembly for discussion. Until now, according to economic experts, the Vietnam’s economy needs to do away with the development mainly depending on exploitation of natural [...]
The Governor of the State Bank of Vietnam (SBV) issued a decision on the base interest rate in Vietnamese dong on May 31. According to the decision, the base interest rate will remain unchanged compared to last month, at 8 percent per year. On the same day, the SBV announced its refinancing interest and rediscount [...]
Experts have said too much concern about inflation leading to tightening monetary policy cannot help control inflation. Moreover, it will cause a capital shortage and weaken businesses. The negative impact of inflation is the economy cannot reach the expected growth rate. It is, therefore, necessary to identify the reality about it to work out measures [...]
After a long period of attempts to keep prices unchanged, many essential goods and consumer goods’ prices have begun rising. According to Saigon Co-op, the supermarket chain has received notice to raise prices 7-10 percent from 20 suppliers, mainly those of drinks and frozen processed foods, who cite increased costs of input materials. Fresh food [...]
Denying the possibility of a tightened monetary policy, State Bank of Vietnam (SBV) Governor Nguyen Van Giau, in an interview with VnExpress, has also threatened to discipline commercial banks acting contrary to the Government’s instructions to ease interest rates. VnExpress: Many financial experts believe that SBV should lessen its grip on the capital inflow and [...]
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