Japanese Prime Minister Yoshihiko Noda has affirmed Japan’s strong backing for Vietnam’s socio-economic development and its commitment on support for projects in the Southeast Asian nation. During his talks with Vietnamese counterpart, Nguyen Tan Dung, in Tokyo on October 31, PM Noda expressed the Japanese government’s commitment to considering assistance to the Long Thanh International [...]
Nov 1 2011 | Posted in
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Vietnam seeks to find the root causes of high inflation rate to take timely and efficient measures to control it. In October, Vietnam’s CPI (consumer price index) increased only 0.36% from September (this is the lowest rise in last 14 months), but still rose 17.5% against December 2010. The lending rate at banks has slipped [...]
Nov 1 2011 | Posted in
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Manufacturing and consumption slowdowns have shown economic instability is biting hard in Vietnam. A General Statistics Office (GSO) report shows industrial production value rose 7 per cent on-year to the end of October 2011, down from 9.7 per cent in June, 8.8 per cent in August and 7.8 per cent in September. “We have seen [...]
Oct 31 2011 | Posted in
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The Vietnamese Government has been urged to redouble efforts on curbing inflation to below 10 percent and shift focus away from a high economic growth target for 2012. The call was made by many deputies said at Vietnam’s National Assembly (NA) during discussions this morning. However, with this year’s annual inflation expected to be 18 [...]
Oct 29 2011 | Posted in
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Inflationary pressure from now till the end of this year is said to be likely to increase, so the National Assembly’s Economic Committee said that the government’s target to keep CPI (consumer price index) this year at below 18% has now become more challenging. Because the country’s inflation in September could be considered to exceed [...]
Oct 28 2011 | Posted in
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Vietnam’s inflation is expected to increase to 18.98% in 2011, sending Vietnam to be one of the four highest inflation countries in the world, the Vietnam Economics Committee said in its No.5 macro-economy report sent to the NA. The country’s inflation is believed to have peaked in August at 23.02% and slowed down to 22.42% [...]
Oct 27 2011 | Posted in
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The consumer price index (CPI) saw a month-on-month rise of just 0.36 per cent in October, the General Statistics Office (GSO) reported. “This is the lowest monthly rise since the beginning of the year. In addition, it is the third month this year that the CPI rise has been below 1 per cent,” the GSO [...]
Oct 26 2011 | Posted in
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Vietnam’s inflation eased slightly for a second consecutive month in October, official estimates showed Monday, as the country battles Asia’s fastest-rising prices. The consumer price index (CPI) rose 21.59 percent year-on-year in the month, according to the General Statistical Office, from 22.4 percent in September when the rate slowed for the first time in more [...]
Oct 26 2011 | Posted in
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Vietnam on Thursday cut its economic growth forecast for 2012 to between 6.0 and 6.5 percent, saying it would miss some major economic goals, and vowed to battle Asia’s fastest-rising inflation rate. Prime minister Nguyen Tan Dung said global economic uncertainty and domestic “weaknesses” posed challenges for Vietnam, which had previously forecast annual growth of [...]
Oct 22 2011 | Posted in
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Ho Chi Minh City’s consumer price index (CPI) in October showed a slight increase of 0.18 percent over last month, according to the municipal Statistics Office. The increase was lower than the CPI rise of 0.45 percent for October 2010, the office said. This contributed to a rise of 14.69 percent from the beginning of [...]
Oct 21 2011 | Posted in
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