global economy

Update news global economy

Global economy still faces considerable risks: leading economic organizations

 World economy still faces various risks despite its recent improvements, and further efforts on growth and consolidation are needed, said heads of world's leading economic organizations on Tuesday.

IMF chief urges U.S. Congress to ratify IMF reform package

The International Monetary Fund (IMF) Managing Director Christine Lagarde Tuesday urged U.S. Congress to support the much-delayed IMF quota and governance reform package which would boost the global institution's resources

NA approves new government office chief

General Secretary of the Communist Party of Viet Nam Nguyen Phu Trong will begin an official visit to India on November 19.

PM voices gratitude for ODA, vows prudent management

 VietNamNet Bridge – Prime Minister Nguyen Tan Dung yesterday (Oct 17) affirmed the Government's gratitude and sound management of official development assistance (ODA) from the international community.

Failure to raise U.S. debt ceiling will affect global economy: IMF chief

 The International Monetary Fund (IMF) chief warned Thursday that if U.S. Congress failed to raise the government's borrowing authority, it would seriously damage both the U.S. economy and the global economy,

Vietnam pursues cautious, flexible monetary policy

VietNamNet Bridge – The government has pursued a cautious but flexible monetary policy over the past three years against the background that the global economy was recovering slowly and domestic inflation soared to 13.29% in the first half of 2011,

IMF chief urges better global policy coordination, tailored reforms

International Monetary Fund Managing Director Christine Lagarde on Thursday urged better global policy cooperation and economic reforms that could help tackle specific challenges in both advanced and emerging market economies.

U.S. treasury official sees risks of protracted stagnation in Europe

 The global economy still faces risks of prolonged slump in Europe where stronger actions are needed to boost demand, the senior U.S. treasury department official said on Monday.

UN expects global economy to gain momentum slowly

 After a marked downturn over the past two years, the global economy is expected to gain momentum slowly for the rest of 2013 and 2014 on the back of accommodative monetary policies in developed and developing economies,

Admin orders corrupt business ethics

VietNamNet Bridge – Administrative orders on the market are giving rise to corruption and spoiling business ethics, said economists, pointing an accusing finger at recent moves of the central bank.

Obama warns cuts to hit US, global economy

 President Barack Obama warned the US economy would take a "big hit" and other countries would also suffer when harsh automatic spending cuts come into force within 48 hours.

Merkel warns of bubble, calls for regulations on financial institutions

 German Chancellor Angela Merkel on Thursday warned of bubble driven by improper regulations on financial institutions.

Trade surplus 284 million USD, after 20 years in deficit

 VietNamNet Bridge – Vietnam has achieved a trade surplus of 284 million USD this year after 20 years of running in a deficit, according to the General Statistics Office (GSO).