GDP

Update news GDP

Despite high public debt, Vietnam continues to borrow millions for development needs

Vietnam has borrowed $4-5 billion a year in the last 10 years, and the public debt has nearly hit the ceiling. However, the country will continue borrowing because it needs capital for development and investment.

Vietnam to spend over $330mil on stamps for brewery products

VietNamNet Bridge - The Ministry of Industry and Trade (MOIT) has requested brewery enterprises to stamp their products, a solution the ministry believes is important to avoid trade fraud.

Exchange rate adjustment raises concerns about public debt

VietNamNet Bridge - The latest dong one-percent devaluation on May 7, though described as “unavoidable”, has raised controversy, because this will lead to a heavier public debt burden.

China hungry for Vietnam’s rice, but tries to lower price

VietNamNet Bridge - Rice exports to China across the border have been stagnant since the second half of April as China unexpectedly barred rice imports from Vietnam.

Businesses have to pay “underground” fees to lubricate government apparatus

VietNamNet Bridge - Eighty-nine percent of foreign-invested enterprises (FIEs) say if they do not pay “commissions” to state agency officials, they will meet  with unfortunate action or behavior.

What’s behind the high export figures?

VietNamNet Bridge - High export turnover and high export growth rate are figures usually cited in government agency reports as proof of economic development. However, there are many problems behind the figures.

Vietnam urged to prepare well to become “world’s factory”

VietNamNet Bridge - Will it be a good or bad thing if Vietnam, as a part of South East Asia, becomes a new factory for the world and displace China?

Economy still sluggish as sales remain stagnant during holiday

VietNamNet Bridge - While economists see signs of an economic recovery, businesses continue to be pessimistic as sales remained lower than expected during the April holiday.

HCM City’s development strongly impresses Int’l guests

Delegations from more than 40 countries on May 1 toured the Nhieu Loc- Thi Nghe channel and the Thien Phuoc 1 social welfare centre in HCM City.

E-commerce development offers more opportunities to forwarders

VietNamNet Bridge - As the value of the e-commerce market is expected to increase from $2 billion in 2013 to $4 billion in 2015, hundreds of forwarding agents have been established recently.

International institutions raise GDP forecast, confidence regained

Vietnamese have every reason to be optimistic about the country’s economic performance in the time to come. International institutions all have raised Vietnam’s forecast GDP growth rate for 2015.

Does Central Bank breaks the law when determining banks’ dividends?

VietNamNet Bridge - The State Bank of Vietnam’s (SBV) announcement to determine the dividends commercial banks can pay to their shareholders has raised controversy about its legitimacy.

Lacking money, MOF attempts to raise fees

VietNamNet Bridge - The anticipated loss of revenue of the state budget in 2015 has put pressure on the Ministry of Finance (MOF), which plans to impose higher fees to offset losses.

Vietnamese willing to spend more in 2015, brand-name goods market warms up

VietNamNet Bridge - Recent surveys have found that Vietnamese consumers are willing to spend more money in 2015 because they believe the national economy is recovering.

How high will Vietnam’s public debt reach?

VietNamNet Bridge - ADB has predicted that Vietnam’s public debt may reach 60 percent of GDP by 2016.


Vietnamese businesses see few benefits from economic recovery

Government agencies and economists all agree that the national economy has seen a strong recovery but weaker, ineffective businesses are not enjoying the benefits.

Thousands of real estate firms established, causing concerns

VietNamNet Bridge – As many as 14,000 new businesses were set up in the first two months of 2015, with real estate firms increasing sharply by 89 percent in comparison with the same period in 2014.

2015 economic forecasts: highlights

VietNamNet Bridge – The following are the most outstanding economic events expected to occur in 2015.

Growth, inflation under control: PM

Prime Minister Nguyen Tan Dung has assured the nation that Viet Nam's gross domestic product (GDP) and inflation are still under control and are expected to hit their targeted 6.2 per cent and 5 per cent for 2015.

Vietnam’s economy at a crossroads in 2015

 VietNamNet Bridge – The government has set its sights for the nation’s economy to expand at a quicker 6.2% GDP rate for 2015 as strong exports continue to drive growth and it tries to invigorate them to offset weak domestic demand.