The Vietnam Economic Forum VEF of VietNamNet reviews the 10 most impressive figures associated with the most important events that had big impacts on the national economy in 2011. 1. The record high inflation rate of 18 percent The consumer price index CPI in 2011 increased by 18.13 percent over 2010’s, which is among the [...]
Vietnam Government recently issued Resolution No.01, in which it specifies seven packages of measures to accomplish the country’s socio-economic development plan in 2012. In 2012, the Government targeted to curb inflation below 10%, narrow state budget deficit to 4.8%, trade deficit at 11.5-12% export revenue, development investment at 33.5-34%GDP and the economic growth (GDP) at [...]
The direct cause of the country’s inflation is the imbalance of money – goods. Once the money supply exceeds the goods supply, inflation is likely to occur. The evidence is that the total money supply has always increased higher than the country’s GDP (gross domestic product) growth rate since 2007 so far, Do Thuc, director [...]
Vietnam’s total capital mobilization for social investments are estimated at VND877.9 trillion in 2011, up 5.7% from 2010 and account for 34.6% Gross Domestic Products (GDP), the General Statistics Office (GSO) said. Excluding the price hike, the 2011’s total social investments equaled to 90.6% the 2010’s figures, GSO added. Out of the total VND877.9 trillion [...]
Vietnam’s 2011 Gross Domestic Product (GDP) growth is estimated at 5.89%, lower than the growth level of 6.78% in 2010, the General Statistics Offices (GSO) said. In the year, Vietnam recorded growth rates of 5.57% in Q1, 5.68% in Q2, 6.07% in Q3 and 6.10% in Q4. The GDP growth of the agriculture, forestry and [...]
Sai Gon Giai Phong Newspaper on Wednesday announced the top ten most important economic events of the year in Vietnam. 1. Opening of first tunnel under a river Ho Chi Minh City hosted an elaborate ceremony at the opening of the Thu Thiem Tunnel, built under the Saigon River, on November 20. The tunnel is [...]
The government must carry out effective management policies next year to weather difficulties presented by the gloomy outlook of the global economy, said head of the Vietnam Institute of Economics Tran Dinh Thien. Together with the global economic downtrend, Thien warned that the country will also enter 2012 with the lingering negative consequences of 2011, [...]
At the meeting with localities on the implementation of the National Assembly’s Resolution on socio-economic development tasks and state budget in 2012, leaders of the Government, ministries, sectors and localities confirmed the success in 2011 that Vietnam controlled inflation, basically maintained the macro-economic stability in association with production and business activities maintained and ensured social [...]
Vietnam targets to curb inflation at 9% in 2012, Prime Minister Nguyen Tan Dung said on December 22, 2011. Controlling inflation, stabilizing the macro economy are Vietnam’s top priorities in 2012, PM added. The Government also aims to reach Gross Domestic Product (GDP) growth from 6-6.5%, export turnovers rise of 13%, state budget deficit of [...]
The country’s recently announced statistics showed that the economy this year has run into more problems than in previous years. At a two-day Government meeting with provincial authorities on the National Assembly’s resolution on socio-economic development and State budget that ended last Friday, the Ministry of Planning and Investment reported gross domestic product (GDP) in [...]
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