At the Spring Economic Forum 2013, organized in the central province of Khanh Hoa from April 5-6, several delegates were of the view that the economic restructuring program started in Vietnam some years ago has been moving at far too slow a pace.
Incomplete Van Phong International Port in the central province of Khanh Hoa is an example of wasted capital (Photo: SGGP) (more…)
Last Updated: Sunday, April 07, 2013 05:00:00
Vietnam’s government will need to accelerate economic structural reforms to boost growth that was at a 13-year low last year, National Assembly Vice Chairwoman Nguyen Thi Kim Ngan said.
“The economy will continue to face difficulties this year” amid an international slowdown and domestic challenges, Ngan said yesterday at a conference held by the National Assembly’s economic committee in the southern city of Nha Trang.
(more…)
Last Updated: Friday, November 09, 2012 11:00:00
Vietnam faces “high risks” that inflation will accelerate toward the end of the year as the government strives to spur lending and help businesses, according to a central bank official.
“The central bank will manage its monetary policies in a manner that can bring down lending interest rates to help businesses,” Do Thi Nhung, deputy head of the monetary policy department at the central bank, told a conference in Hanoi Monday. (more…)
October CPI continues to climb
October’s Consumer Price Index (CPI) saw a slight increase of 0.85 percent compared with the previous month and a year-on-year increase of 7 percent.
This drove the CPI in the past ten months up to 9.66 percent in comparison with the same period last year, said the General Statistics Office (GSO) on October 24. (more…)
(VOV) – Prime Minister Nguyen Tan Dung has approved sending a Vietnamese delegation led by bank governor Nguyen Van Binh to the International Monetary Fund (IMF) and the World Bank (WB) Group annual meetings in Tokyo, Japan, from October 8-14. (more…)
Last Updated: Saturday, September 01, 2012 02:05:00
Vietnam’s bad debts rose to 8.6 percent of total loans at the end of March. It will take a long time to reduce non-performing loans in Vietnam because the problem has taken root over several years, said the International Monetary Fund, once again urging banking reform. (more…)
Hanoi, Aug 1 (Prensa Latina) Although it is not growing at the rate desired, Vietnam’s economy is showing positive signs at the end of the first half of the year, according to Prime Minister (PM) Nguyen Tan Dung.
His assessment comes as a result of slowed inflation, maintained stability in the macro-economy and the promotion of production in agriculture and industry. (more…)
VietFinanceNews.com – You wouldn’t know it from what’s been going on in the markets lately, but most Asian economies are in pretty good shape. Yes, inflation is a problem. But that’s partly due to the region’s rapid recovery from the crisis.
Everything that’s been said about debt, deleveraging and the outlook in these countries compared to the troubled West remains true. For most markets, the recent sell-off is about fear not fundamentals.
But there are exceptions. One is a country that’s been lauded by many – including me – as one of the best long-term prospects around: Vietnam.
