Economic experts have complimented the efforts made by the Vietnamese government to counter the global economic downturn as well as curb domestic inflation. Local and foreign experts were meeting at a conference organized by the Ministry of Investment and Planning on September 6. They hailed Resolution No.11, drafted by the government on macroeconomic development as [...]
For the first time, two scenarios for the five-year national socio-economic development plan have been floated. The Ministry of Planning and Investment has introduced two scenarios relative to five-year social and economic development draft plan 2011-2015 based on local and world economy new factors and growth forecasts. In the first scenario, development targets remain unchanged [...]
Prime Minister Nguyen Tan Dung has said for the rest of the year, Vietnam would continue to tighten monetary policy while allowing room for growth. At the regular cabinet meeting held in Hanoi from August 30 to Sept. 1, PM Dung emphasized the need to pursue a tightened monetary policy as well as policies to [...]
Vietnam’s CPI (consumer price index) in September is expected to slow down thanks to the decline in price of some commodities, especially the reduction of 500 dong per liter of gasoline recently, according to economist Vo Tri Thanh. Thanh said that the decline of gasoline price will impact significantly to the price of other commodities [...]
Ministry of Planning and Investment (MoPI) has recently submitted the country’s economic growth plan for 2012 whereby it said that the country should focus on curbing inflation, stabilizing the macro economy, achieving seasonable growth and economic and restructuring the economy. Accordingly, Vietnam’s GDP (gross domestic product) growth target would be about 6.5%, export at $101.7 [...]
The consumption price index (CPI) in September is expected to continue its decline at a rate of 0.8 per cent, according to the Ministry of Industry and Trade’s Market Watch Team. The expectation was attributed to a decline in food prices due to an increase in supply, a decline in petrol and oil prices and [...]
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