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 [...]
Sep 3 2011 | Posted in
Economy News |
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Prime Minister Nguyen Tan Dung has outlined the key task for the remaining months of the year to continue with a tightened monetary policy while allowing credit for production in order to achieve the goals of containing inflation and maintaining a rational growth of around 6 per cent. At the regular cabinet meeting held in [...]
Sep 3 2011 | Posted in
Economy News |
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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 [...]
Sep 3 2011 | Posted in
Economy News |
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Consumer price index (CPI) in 2012 is estimated to fall to 9-10 percent. The National Financial Supervisory Committee has completed and submitted the Government the draft report on the macro-economy for the first eight months of 2011 and the forecast for 2011-2012. The committee has predicted that CPI will swing around 18 percent in 2011 [...]
Sep 3 2011 | Posted in
Economy News |
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While the central bank’s Governor is of the opinion that conditions are suitable for cutting the interest rate beginning next month to lend a helping hand to enterprises, several experts are worried that a rate cut may undermine efforts to contain high inflation. The Saigon Times Daily talks with Louis Taylor, CEO of Standard Chartered [...]
Sep 1 2011 | Posted in
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After the State Bank of Vietnam (SBV) worked with 12 commercial banks on lowering the lending interest rate, Louis Taylor, general director of Standard Chatered Bank (Vietnam) Limited, said that key interest rates of the central bank may fall, creating favorable condition for lowering the lending interest rate. In addition, if banks ensure the deposit [...]
Aug 30 2011 | Posted in
Economy News |
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