Hanoians were more economical this year during the month before the Lunar New Year festival, resulting in a slower increase in the capital’s consumer price index (CPI). The Hanoi Statistics Office reports that the city’s CPI in January increased only 0.96 percent over the previous month and 16.24 percent against the same period last year [...]
Developing countries including Vietnam should prepare for deeper recession as Europe’s public debts and weak growth of some newly emerging economies are making the global growth prospect fade, according to World Bank’s Global Economic Prospects report announced on January 18. Compared with June 2011, WB in this report lowered the growth estimates for 2012 of [...]
Vietnam has achieved an impressive economic growth in spite of domestic economic difficulties and global economic downturn, according to a recent report by HSBC. The country’s GDP in the fourth quarter of 2011 increased by 6.1 percent over the same period last year thanks to strong export performance and growing domestic demand. The GDP growth [...]
Vietnam has achieved an impressive economic growth in spite of the global economic downturn, according to a recent report by HSBC. GDP growth rate in the fourth quarter of 2011 increased by 6.1 percent over the previous year thanks to strong export performance and growing domestic demand, GDP growth rate in 2011 was 5.9 percent [...]
The 10-year record low inflation rate in January has arisen a hope among businesses that the lending interest rates would go down, and business’ difficulties would be eased. CPI increases only by one percent in January 15, 2012 NDHMoney has predicted that the consumer price index CPI in January 2012 would increase only by one [...]
Within the next 40 years or so, Vietnam will make it into the world’s top 50 largest economies, a recent report by an economist from the British HSBC has forecast. “The World in 2050,” a report by HSBC economist Karen Ward, forecasts that by 2050, Vietnam will surpass its Southeast Asian counterpart Singapore in term [...]
Experts predict a gloomier year for Vietnam’s economy in 2012 as the recession hits rock bottom. “Stronger measures must be taken to restructure the economy,” director of the Vietnam Institute of Economics, Tran Dinh Thien, told a conference held by the National Financial Supervisory Committee earlier this year. “The world is on eve of a [...]
Vietnam is possible to get gross domestic products (GDP) growth of 5.8% in 2012, Justin Wood ,the director of Economist Intelligence Unit (EIU) in the Southeast Asia area said, adding that the forecast is close to the country’s target of 6-6.5%. The information was provided at the international conference on external economies with the theme [...]
Vietnam’s January , 2012 consumer price index (CPI) is forecast to accelerate +1% from December 2011, analyst with the local news provider NDH Money reported. The forecast was based on Leontief and ARIMA models. If the forecast is correct, this month CPI will record its lowest growth level compared with adjacent months of the Lunar [...]
“Sit and wait to see the inflation going down in 2012, even if we do nothing to force the inflation down,” said Deputy Chair of the National Finance Supervision Council Le Xuan Nghia. Nghia has said that he cannot see any big threats to the national economy in 2012. The Resolution No 11 on curbing [...]
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