In an article that outlines his line-up goals for 2011-2016, Prime Minister Nguyen Tan Dung highlights the need for the Government to transform from economic manager into growth maker as part of a broader effort to change prevailing perceptions about the proper balance between the State and the market. Below is an analysis of how [...]
Prime Minister Nguyen Tan Dung has outlined the key task for the remaining months of the year to continue with a tightened monetary policy while allowing credit for production in order to achieve the goals of containing inflation and maintaining a rational growth of around 6 per cent. At the regular cabinet meeting held in [...]
Consumer price index (CPI) in 2012 is estimated to fall to 9-10 percent. The National Financial Supervisory Committee has completed and submitted the Government the draft report on the macro-economy for the first eight months of 2011 and the forecast for 2011-2012. The committee has predicted that CPI will swing around 18 percent in 2011 [...]
While the central bank’s Governor is of the opinion that conditions are suitable for cutting the interest rate beginning next month to lend a helping hand to enterprises, several experts are worried that a rate cut may undermine efforts to contain high inflation. The Saigon Times Daily talks with Louis Taylor, CEO of Standard Chartered [...]
After the State Bank of Vietnam (SBV) worked with 12 commercial banks on lowering the lending interest rate, Louis Taylor, general director of Standard Chatered Bank (Vietnam) Limited, said that key interest rates of the central bank may fall, creating favorable condition for lowering the lending interest rate. In addition, if banks ensure the deposit [...]
Hanoi has allocated VND475 billion to help businesses stockpile 10 groups of essential products for the city’s price-stabilisation campaign. The information was given by Nguyen Van Dong, Deputy Director of the Hanoi municipal Department of Industry and Trade (MoIT) at a working session with the Ministry of Industry and Trade on August 25. Hanoi currently [...]
Lower market demand coupled with increased production of essential commodities has caused a drop in prices on food and foodstuff. The price reduction contributed to a lower consumer price index (CPI) in August, which hit only 0.68 per cent, according to a report in Tuoi Tre (The youth) newspaper. The city statistics office said the [...]
Goods sold under the price-stabilisation programme are expected to meet consumer demand in HCM City this year, according to the municipal People’s Committee. After four months of implementation, this year’s price-stabilisation programme had been going well amid high inflation and increasing prices of input materials, said the deputy chairwoman of the HCM City People’s Committee, [...]
Monetary factors were not the only reasons for domestic food and foodstuff prices skyrocketing, a seminar recently heard. At the seminar, based on effectively combining macroeconomic policies to curb inflation held and in Ha Noi on Tuesday, representatives were told that Vietnamese food and foodstuff had experienced significant increases in price, much higher than in [...]
The city’s price stabilisation programme has become an effective price-regulation tool in recent years, according to Nguyen Thi Hong, deputy chairwoman of the HCM City People’s Committee. Introduced in 2002, the programme initially targeted the supply and price of essential goods during the Tet (Lunar New Year) holidays, when demand for these items usually increases [...]
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