Vietnam government has approved 6 solutions to curb inflation based on cause analysis done by the Ministry of Planning and Investment. Vietnam inflation drivers The MPI’s report showed that the key driver of local inflation is over-easing money policy. Vietnam’s money supply reached 130% GDP and credit growth at 110% GDP in 2010 compared with [...]
Long Hau Joint Stock Co (LHG) has recently announced the resolution of the shareholders’ meeting on September 30 on issuing more shares to increase chartered capital from 200 billion dong to 320 billion dong under the plan approved by the shareholders’ meeting. Accordingly, the company will offer six million bonus shares to the existing shareholders [...]
The State Bank of Vietnam (SBV) on Saturday Oct. 1 continued keeping the interbank average exchange rate unchanged at 20,628 dong/US dollar. This was the 32nd consecutive day the rate was maintained at this level, after rising from 20,618 dong/US dollar on August 24. In the whole month of Sept., commercial banks quoted the dollar [...]
Vietnam’s exports in September were estimated at US$8.3 billion, down 10.2% compared with August, bringing the total export value in the first nine months to US$70.02 billion, up 35.4% over the same period in 2010, VietBiz24.com quoted the data from the General Department of Vietnam Customs on Friday. The import spending in September was estimated [...]
Foreigners suddenly offloaded Vietnamese shares on the HOSE heavily in September with a total net selling of VND 998.6 billion of which they net sold VND1.008 trillion on HOSE and net bought VND9.4 billion on the HNX. In September, 2011 the foreigners sold 131,999,230 shares for VND4.535 trillion and bought 98,364,086 shares for VND3.527 trillion, [...]
The US dollar on the free market was commonly at 21,250-21,300 dong each (buying-selling prices) on September 28, up by 50 dong from previous day. In the previous day, the US dollar price on unofficial market slipped slightly to 21,220-21,240 dong each in the region of Ben Thanh market in HCM City. On September 28, [...]
Vietnam’s government said it will further restrain lending growth and cut money supply expansion as it seeks to curb Asia’s fastest inflation. The government will limit credit growth to a maximum of 17 percent while cutting money supply growth to no higher than 13 percent this year, Vu Duc Dam, chairman of the government office, [...]
Vietnam ranked the fifth among 17 countries and territories on Trade Confidence Index (TCI) in the second half of 2010, dropping two grades from H1, Hong Kong and Shanghai Banking Corporation (HSBC) said on its latest semi-annual survey. The Southeast Asian country gains 122 points of the total 200, standing behind India (140), UAE (125), [...]
Vietnam is set to apply requirements on imported animal food products as strict as those of the European Union and the United States from July 1, according to an official from the Ministry of Agriculture and Rural Development. The regulations, embodied in Decree 25/2010/TT-BNNPTNT and Decree 26/2010/TT-BNNPTNT by the ministry, will be based on the [...]
In previous years, toys made in China seemed to be the only choice for parents who wanted to celebrate Children’s Day on June 1 with their children. Now, toys are no longer a favourite. A lot of parents told VietNamNet that they do not plan to purchase toys for Children’s Day. They noted that they [...]
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