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dimanche 5 février 2012

EuroCham slightly increases confidence in local economy

Business confidence and outlook among European businesses in Vietnam has stabilised and shown a modest increase after a steep 11-point drop in the last quarter of 2011, a recent report by the European Chamber of Commerce in Vietnam (EuroCham) has shown.

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dimanche 29 janvier 2012

Inflation tests stability in Vietnam

HANOI - Buffeted by persistent double-digit inflation, slowing economic growth and rising worker unrest, Vietnam's economic reforms are at risk of coming undone. While Prime Minister Nguyen Tan Dung emphasized this month the need to maintain quick and sustainable growth, questions are rising whether Vietnam can have both amid global economic and financial turbulence.

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dimanche 15 janvier 2012

2012 a transitional year for Vietnam's economic restructuring

This will be an important transitional year for Vietnam to carry out its plan on restructuring the economy, with the main focus put on the state-owned enterprises, deputy minister Hoang Trung Hai said at a conference yesterday.

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vendredi 13 janvier 2012

2012 GDP, inflation targets hard to achieve

Many economic problems are still looming large in and outside Vietnam, making experts at a business forum in HCM City on Monday believe this year would be very challenging for Vietnam to reach targets for gross domestic product growth and inflation.

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mercredi 11 janvier 2012

Vietnam to adjust interest rates, weaken currency, chief banker says

Vietnam will adjust policy interest rates to “more suitable” levels after the first quarter and weaken the dong as much as 3 percent this year, central bank Governor Nguyen Van Binh said.

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Three scenarios for Vietnam's 2012 economic growth

Three possible scenarios for the country's economic growth this year were unveiled yesterday by the National Committee for Financial Supervision.

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samedi 7 janvier 2012

State economic sector’s debts revealed

HANOI – Recently revealed statistics show that several State economic groups were in hazardous financial condition in the recent past due to loss-making businesses and inefficient investments.

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Vietnam: Why is the economy not taking off ?

Studies reveal that Vietnam is the only country among the Next Eleven (N-11) countries that has managed to maintain a growth comparable to that of China and India in the past five years.

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jeudi 5 janvier 2012

Local products fail to dominate retail market

While the Vietnamese retail market is considered to be highly profitable by foreign distributors, locally-made products still have little presence in the lucrative market.

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mercredi 4 janvier 2012

Changes from January 1st, 2012

Vietnam saw several changes in government policies and activities from today January 1, 2012 :

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mercredi 28 décembre 2011

Vietnam’ key indicators in 2011

Vietnam’s 2011 Gross Domestic Product (GDP) growth is estimated at 6%, the Consumer Price Index (CPI) rose 18.13% on year in December 2011, the local news provider Gafin reported.

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New high-income consumers emerge in Vietnam

While low-income consumers still consider product prices the most important factor in their spending, a new class of consumers who can spend up to $4,800 each time they shop has emerged in Vietnam, a recent survey has found.

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samedi 24 décembre 2011

Vietnam's state budget deficit estimated at over 140tr dong in 2012

In 2011, Vietnam's total state budget revenues and collection from aids were estimated to have reached 674.5 trillion dong, rising 28 percent from 2010 and equaling to 113 percent of the year's estimate, according to the Ministry of Finance (MoF).

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mardi 20 décembre 2011

Vietnam sees less foreign investments

SINGAPORE - Vietnam's spectacular growth story in recent years has turned it into a poster boy for emerging economies but it may be starting to lose some of its shine.

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New law subjects more firms to audit

The Law on Independent Audit that will take effect next year will oblige more enterprises other than public and listed firms to go through audit, said the Vietnam Association of Certified Public Accountants.

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National Assembly committee urges halt to new economic zones

With economic zones and border gate economic zones countrywide developing haphazardly and operating ineffectively, the National Assembly Standing Committee yesterday called for stopping building new zones.

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lundi 12 décembre 2011

Vietnam, Belgium boost financial cooperation

Finance minister Vuong Dinh Hue had a working session with Belgian deputy prime minister and Finance minister Didier Reynders in Brussels on December 6.

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jeudi 8 décembre 2011

Donors urge Vietnam to speed up reforms

Vietnam needs to accelerate its economic reform process as it grapples with high inflation and other problems, international donors say.

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dimanche 4 décembre 2011

Investors doubt Vietnamese economy

The last quarter of the year has seen a significant fall in private equity investors' confidence in the Vietnamese economy, a recent report by audit advisory Grant Thornton Vietnam said.

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jeudi 1 décembre 2011

Vietnam losing attraction

Vietnam is losing its attraction as a regional investment destination because of trade restrictions, new regulatory burdens and economic instability, the European Chamber of Commerce said Thursday.

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mardi 29 novembre 2011

Vietnam, France enhance economic cooperation

The second session of the France-Vietnam Supreme Council for Economic Cooperation Development was held in Paris on November 24.

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dimanche 27 novembre 2011

Vietnam : a question of balance

Schooled in the arts of Marxist-Leninist political discipline, Vietnam’s Communist rulers do not usually air their dirty linen in public. But, at a government forum on the country’s deepening economic crisis in Hanoi last month, tempers boiled over.

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vendredi 11 novembre 2011

S&P: BICRA on Vietnam revised to Group '10' from Group '9'

Standard & Poor's Ratings Services on November 9, 2011 revised its Banking Industry Country Risk Assessment (BICRA) on Vietnam to group '10' from group '9'. It has also revised the economic risk score to '10' from '9'. In addition, it has assigned an industry risk score of '8'.

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samedi 5 novembre 2011

Vietnamese consumer confidence remains low

Only 37 percent of Vietnamese consumers believe that the economy can get out of the recession in the next 12 months, a survey by Nielsen Vietnam has found.

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lundi 31 octobre 2011

Vietnam economic reforme faces crisis of confidence

As Vietnam battles galloping inflation and a plummeting currency, a new challenge has emerged -- a general collapse of confidence in the state's ability to heal the ailing economy.

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samedi 29 octobre 2011

Vietnam's road to prosperity

Not too long ago, the Philippines served as a launching pad and R&R station for US troops fighting communist forces in Vietnam.

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jeudi 6 octobre 2011

49,000 local firms close this year

Almost 49,000 enterprises shut down in the first nine months of this year, up 21.8 percent year-on-year, according to the Ministry of Industry and Trade.

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mardi 27 septembre 2011

Vietnam likely among next tiger economies

Vietnam stands a chance to be among world's next tiger economies - called CIVETS, the government website reported, citing a report on the Wall Street Journal (WSJ).

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samedi 24 septembre 2011

Vietnam’s economic growth slows to 5.76% in first 9 months

Vietnam’s economic growth slowed in the first three quarters of 2011 after the government pushed up borrowing costs earlier this year in a bid to slow inflation.

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mercredi 14 septembre 2011

Vietnam must keep up inflation fight, says ADB

HANOI — Vietnam's battle to subdue Asia's highest rate of inflation must continue, the Asian Development Bank said on Wednesday, but it predicted more pain ahead for the country's consumers.

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