A high-profile securities expert predicted next year’s inflation to return to the single-digit rate from 20 percent or so at this year’s end, as the monetary tightening policy paid off. Fiachra Mac Cana, managing director and head of research of the Hochiminh City Securities Co. (HSC), told a meeting with investors last Friday that 2012 [...]
The Vietnamese government has set its goal of containing consumer price index (CPI) rise in 2012 to below 10 percent, according to a recent meeting. Vietnamese government said at a recent regular cabinet meeting that its overall goal for 2012 is to continue to focus on curbing inflation, stabilizing the macro economy and achieving a [...]
Commenting that the national economy is now at the three-way crossroads and that the galloping two-digit GDP growth rate period is over, economists and businessmen still believe that the current difficult period is the time to restructure businesses and the national economy. This was what the participants heard at the annual 2011 CEO Summit held [...]
The worst is over for Vietnam’s economy but the macroeconomic situation remains fragile, warned the National Financial Supervisory Commission in its latest report. The commission said while the country’s growth rate could reach 5.8%, the consumer price index is forecast at as high as 19% this year. Last year, the report says, Vietnam’s growth was [...]
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 [...]
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 [...]
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