HCM City achieved reasonable growth rates in several economic parameters in the first eight months despite the global economic turmoil and its impact on the national economy, figures released by the People’s Committee last week show. Its retail revenues topped VND290 trillion (US$13.9 billion), up 23.1 per cent, while exports were worth VND13.2 billion (excluding [...]
The first eight months of 2011 have seen a number of positive signals of the national economy, including high export value, falling deficit and rising foreign arrivals. The export turnover is poised to reach US $60.8 billion in the reviewed period, or a year-on-year increase of 33.7%. It is estimated that the country’s export revenue [...]
Viet Nam should change its economic growth model and restructure the economy to ensure future growth is sustainable, experts said at a seminar held yesterday in HCM City. Organised by the HCM City-based Dream House Real Estate Group’s International Business Knowledge Corporation in collaboration with Viet Nam Institute of Economics, the seminar attracted more than [...]
It is too early to start unwinding tight monetary policy but pressure to do so will no doubt rise quickly if, as some economists expect, inflation starts to ease in the next month or so. The stability of Vietnam”s beleaguered $100-billion economy and its attractiveness to investors hinge on whether policymakers stick to their guns, [...]
The Economist Intelligence Unit (EIU) in its August report lowered the 2011 GDP growth forecast for Vietnam to 6% from initial 6.3% offered in June report. According to EIU, high interest rates and increasing inflation reduced individual consumer and investment growth. But, the country’s government may bring the inflation under control without big impacts on [...]
Vietnamese economists have expressed their concern about the investors’ and people’s confidence decline, stressing that the problem “is even more serious that any serious problem of the national economy.” Dr Le Xuan Nghia, Deputy Chair of the National Finance Supervision Council, said at a recent conference that Vietnam’s national economy has never before witnessed such [...]
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