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Update news Economy
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
VietNamNet Bridge – It is highly possible that the Vietnam’s GDP growth rate in 2013 would be 5.1-5.2 percent.
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.
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.
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.
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.
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
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.
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.
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.
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.
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
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
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
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
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
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.
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
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
VietNamNet Bridge – Last year, prolonged unstable macroeconomic policies made the panorama of the Vietnamese economy quite bleak for foreign businesses.