Economy

Update news Economy

BUSINESS IN BRIEF 23/7

 Premium growth slumps in first half; Businesses receive support for US market expansion; Vietnam's US trade surplus hits new heights; Mitsui eyes IT parks in Da Nang city

6 percent GDP growth rate may be unattainable

 VietNamNet Bridge – It is highly possible that the Vietnam’s GDP growth rate in 2013 would be 5.1-5.2 percent.

Time to launch bailout to stimulate economy at year-end

 VietnamNet Bridge – The low inflation rate in the first months of the year is believed to be a good condition for Vietnam to launch a new bailout, worth 100,000 billion to have the national economy escape the current gloomy situation.

Vietnam's economy ranks 42nd in the world

With GDP estimated from purchasing power parity calculations equivalent to $322 billion, Vietnam's economy ranks 6th in Southeast Asia, after Indonesia, Thailand, Malaysia, the Philippines and Singapore.

Investors more cautious with their money

The market is volatile and has potential risks, making investors to be increasingly cautious. Their top priority at present is probably not to “make money from money," but to preserve their capital - a negative signal for the economy.

Economy on right track to recovery

 VietNamNet Bridge – Viet Nam's economy was on the right track to recovery, with inflation no longer a great concern, according to Minister of Planning and Investment Bui Quang Vinh.

BUSINESS IN BRIEF 24/5

 Revealing real estate tricks of the trade; Measures to help businesses through crunch time; Spain supports Vietnam’s sustainable tourism; Improvement marked for labour export firms

National Assembly worries of worsening economy

This year’s economic growth is very difficult with clearer indicators on the decline, while policy efforts and outcomes are not enough to turn the situation, according to the National Assembly Economic Committee.

Unemployment down, why is the economy not good

Typically, in many countries around the world, the unemployment indicator is used to assess the health of the economy. If this rate is low, the economy is healthy and is creating more jobs. But it is different in Vietnam.

Policy making on “euphoric effect”

According to economic experts, the current recession though not being recognized by any official document, comes to people everywhere. Some even said that we are falling into the "euphoric effect," even in the policymaking process.

Vietnam may hit 2013 growth target

A social survey released by the UNESCAP has revealed that Viet Nam may reach its target for 5.5 per cent growth this year, but only if the country can successfully restore confidence in its stuttering economy.

BUSINESS IN BRIEF 20/4

 Double textile export to U.S. in sight; Firms seek diversification for tra fish exports; Rice prices fall despite successful bid for export; HCM City calls for investments into Thu Thiem

BUSINESS IN BRIEF 7/4

Foreign investor decree clarified; Fuel hike to drive up fares; Businesses turn to black market for capital; Socio-economic picture in first quarter; Vietnam turns sci-tech into key driving force

BUSINESS IN BRIEF 1/4

Sugar firms allowed exporting surplus inventory; Limited VAT incentives for border gate traders; Resorts suffering from Ke Ga Port to be compensated; Pay TV assoc. attacks Viettel cable TV plan

BUSINESS IN BRIEF 14/3

Kien Giang pulls plug on projects; Investor punished for manipulation; Investors favour Treasury bonds; Packing company seeks to delist; Draft decree on derivatives; An Binh Bank sells treasury stocks

BUSINESS IN BRIEF 28/2

Drought to be severe this year, meteorologist; Vietnam-Laos highway inaugurated; SBV affirms abundance of foreign currencies; Businesses close for post-Tet prayers; Companies face fines for late salary payment

Nobody has the right to force people to make non-cash payments

The State Bank of Vietnam does not have the right to force people to make payment in check and eliminate the payment in cash. This would violate the constitution, experts say.

BUSINESS IN BRIEF 31/12

Revenue from retail and services up 16%; VN eyes $7-bln investment in Laos; Hanoi: 8.1 percent economic growth; Auto registration fee cuts seen not steep enough; VNPost looks for express delivery

BUSINESS IN BRIEF 29/12

Seafood exports to surf past $6 billion this year; Viet Nam among five biggest investors to Cambodia; Banks face threats despite improved balance sheets; Giants crush mom'n'pop retailers; Income tax exemptions to rise

Vietnam's 2013 economy in the eyes of foreign entrepreneurs

VietNamNet Bridge – Last year, prolonged unstable macroeconomic policies made the panorama of the Vietnamese economy quite bleak for foreign businesses.