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Update news GDP growth rate
While total receipts of the state in the first four months of the year were VND317 trillion, total expenses reached VND370 trillion. The Ministry of Finance’s April report released on May 9 once again showed that the state budget is limited.
Many incapable investors had to give up their projects as they could not survive the frozen market of the last few years. Now is the right time for financially powerful investors to take over these projects at reasonable prices.
VietNamNet Bridge - The Vietnamese business community thinks the value of tea and energy-drink manufacturer Tan Hiep Phat has decreased to $500 million due to the infamous fly-in-the-bottle scandal.
Vietnam has a good legal framework concerning environment pollution, but the environment remains polluted, and forests have been devastated and rivers poisoned with untreated waste water.
VietNamNet Bridge - Vietnam is capable of meeting the requirements to establish an aircraft maintenance center, but it has not put forward the idea.
VietNamNet Bridge - Many unfavorable conditions may make the 6.7 percent GDP growth rate target in 2016 unattainable, economists say.
VietNamNet Bridge - Only 50 percent of Vietnamese population can be listed as ‘middle class’ if considering their real annual incomes. However, 96 percent of Vietnamese think they belong to the middle class.
The oil price reduction has had a big impact on everyone, from farmers, who are busy working on the rice fields and don’t care about what happens in the US or the Middle East, to stock investors who hold large amounts of oil & gas firms’ shares.
VietNamNet Bridge - International institutions agree that Vietnam’s economy is recovering strongly while seeing a bright outlook for its continued growth.
Vietnam has risen by three places on the World Bank’s business environment ranking, reflecting its efforts to create a business-friendly climate.
VietNamNet Bridge - Reports released by domestic and foreign institutions have all affirmed that Vietnam’s economy is recovering. But no one can explain the worrying decline of domestic private enterprises.
VietNamNet Bridge - Real estate developers are rushing to mobilize capital from the public to develop projects as the market is believed to bounce back soon.
VietNamNet Bridge - Vietnam saw the lowest consumer price index (CPI) increase in the last 10 years in September, which has raised concerns about the risk of deflation.
VietNamNet Bridge - Vietnamese enterprises doing business with China are deeply concerned about the Chinese yuan depreciation, now at a two-decade low.
The crude oil price in the world market has dropped to around $40 per barrel, as predicted by management agencies. However, the situation may become even worse, as international analysts believe the price could drop to $20 per barrel.
VietNamNet Bridge - The Vietnam economy is expected to see major changes after it signs the Trans Pacific Partnership (TPP), which includes member countries that make up 40 percent of the world’s trade.
VietNamNet Bridge - High inflation, the biggest threat for macroeconomic stability, is no longer a threat and conditions are very favorable for economic development, economists say.
VietNamNet Bridge - BOT (build, operation, transfer), believed to be a good solution to transport projects’ problems, turns out to have a dark side.
Unsatisfactory farm produce exports, low inflation rate, and low effects of foreign direct investment (FDI) to the national economy and slow state-owned equitization have been cited as the most serious problems facing the national economy in H2.
The 2015 socio-economic goals were feasible based on the past seven-month performance and provided efforts continued to be made, Prime Minister Nguyen Tan Dung said at the monthly Government meeting in Ha Noi July 31.