The July consumer price index (CPI) in HCM City has reduced by 0.09 per cent compared to last month, according to the city’s Statistics Office. This was the first month since November 2009 that the city’s CPI has declined, Du Quang Nam, head of the office, said on Monday. Slight reductions were also seen in [...]
Viet Nam’s rebound from the global economic recession is projected to gain pace this year, but inflationary pressures will require special attention, the Asian Development Bank said yesterday, April 13. The 2010 Asian Development Outlook (ADO) expected Viet Nam’s gross domestic product (GDP) to accelerate to 6.5 per cent in 2010, a healthy increase of [...]
An architect of the Enterprise Law regrets that too much of the economy remains off-limits to Vietnam’s home-grown private enterprises. As the Central Office of the Communist Party convened a conference to review seven years’ experience implementing Resolution #5 on the development of Vietnam’s private economic sector, Tien Phong newspaper talked with Dr. Le Dang [...]
Substantial and timely policy responses helped Vietnam weather the global recession in 2009, and the Southeast Asian economy is forecast to grow 6.5 percent in 2010 and 6.8 percent in 2011. The Asian Development Bank (ADB) made the forecast in its annual publication — Asian Development Outlook 2009 — released in Hanoi on April 13. [...]
While many experts are concerned about the country’s economic growth, including the trade deficit in the first quarter of the year, Viet Nam Asset Management Company (VAM) has taken a more positive outlook. Experts from VAM, a fund management company that engages in public and private equity investment and advisory services, said GDP growth in [...]
Prime Minister Nguyen Tan Dung has given the green light to a project on poverty reduction in northern mountain provinces under which the country will borrow US$150 million from the World Bank (WB). The project with a total capitalisation of US$165 million is a continuation of another project to reduce poverty in these provinces. The [...]
The Ho Chi Minh City People’s Committee has directed relevant agencies to implement measures to stablise the macro-economy, control inflation, and reach an economic growth rate of 11 percent this year. The city will focus on promoting production and business to meet the increasing needs of the market to keep prices and inflation in check. [...]
The private sector has seen healthy growth over the past two years despite the global recession, Deputy Prime Minister Nguyen Sinh Hung said on Tuesday in remarks to the preliminary conference on implementation of the Party Central Committee’s 5th Resolution on renewal and development of the private sector. Private enterprises have developed in both quality [...]
Viet Nam has emerged well from the financial crisis and it would not be difficult to achieve a 6.5 per cent GDP growth this year. This was the message from the launch of the World Bank (WB)‘s East Asia and Pacific Economic Update on Wednesday. However, keeping inflation under 7 per cent and controlling payment [...]
Authorities in the Vietnamese capital of Hanoi Wednesday announced a economic growth of 8.7% in the first quarter this year, driven by construction and industrial production, the Thoi Bao Kinh Te newspaper reported Thursday. Construction and industrial production sector saw its value grow 9.2% in the period while services posted on-year growth of 6.9%, Mayor [...]
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