Vietnam Breaking News
Economy
Lending rate almost beyond enterprises’ reach: report
Many local enterprises are taking out short-term loans with interest rate of more than 12% a year, which they say they can’t afford for a long time, according to a survey report released on Thursday. The Vietnam Business Insight Survey, conducted among nearly 400 enterprises in the country, shows the current interest rate of short-term [...]
Interest rates hard to fall on low liquidity in economy
Vietnam banks failed to cut interest rates to 10% for deposits and 12% for credits by September as pledged earlier in June as some big banks drove the cash flows between commercial banks and the SBV to get margins instead of pumping them to the economy. Though the State Bank of Vietnam has net- injected [...]
Industrial sector bigger but still uncompetitive
Vietnam has continuously enjoyed a growth in its industrial export of between 15-20% over the past decade but its products accounted for only 0.74% of the global market. According to the Ministry of Planning and Investment, Vietnam ’s turnover from industrial exports inhe first eight months of this year reached nearly 23 billion USD, an [...]
Electricity industry: towards market-oriented mechanism
“Establishing and putting into operation a competitive electricity generation market will help create a healthy environment for power companies involved in electricity generation, transmission and distribution. This is also a major reform in the electricity industry, directing it to better development,” said Mr Do Huu Hao, Deputy Minister of Industry and Trade at the seminar [...]
Domestic retail market wants more FDI
In the past more than three years since Vietnam joined the World Trade Organization (WTO) on January 11, 2007, the Vietnamese retail market has been opened to welcome foreign investors. Thus far, however, foreign direct investment (FDI) in this market has been inconsiderable. The Ministry of Industry and Trade said that by August 2010 only [...]
Vietnam economy likely to grow 7% in 2006-2010, Ministry says
Vietnam’s economy is estimated to have grown 7% on average in the 2006-2010 period, compared to the targeted expansion of between 7.5% and 8%, the Ministry of Planning and Investment (MPI) said in a review. Industrial sector will represent 40.3% of the country’s gross domestic product this year, followed by services sector with 38.9%. The [...]
Rethinking FDI: ALL ABOARD?
As foreign capital inflows reach new records each year, Vietnam needs to reconsider its cost-benefit analysis in FDI policy. In the first seven months of 2008, Vietnam has attracted $45.3 billion of foreign direct investment, almost four times the amount registered in the same period last year and more than double the $21.3 billion inflow [...]
Dong devaluation hardly affect inflation: Official
The timely and reasonable dong devaluation of 2.09% by the SBV on August 18 will not influence much on inflation in the coming time, said Le Xuan Nghia, vice chairman of Vietnam’s National Financial Supervision Commission. The timely and reasonable dong devaluation of 2.09% by the SBV on August 18 will not influence much on [...]
Vietnam’s trade gap narrows in boost for government after dong devaluation
Vietnam’s trade deficit narrowed, boosting the government’s effort to shrink the shortfall that led to a currency devaluation last week. The deficit was $900 million in August from a revised $978 million in July, according to preliminary figures from the general Statistical Office in Hanoi. For the eight months through August, the gap was $8.16 [...]
Vietnam ships rice to China in ‘unofficial trade,’ group says
Traders in Vietnam, the second-biggest rice exporter, may have “unofficially” shipped about 600,000 tons to China this year across the nation’s northern border, according to the Vietnam Food Association. Most of the shipments were made from April to July amid signs of increased demand from China, Huynh Minh Hue, general-secretary of the association, said Monday [...]
© 2012 Vietnam Breaking News. All Rights Reserved.
Powered by ViePortal. Designed by 