Economy recovers in Q1, but challenges remain

The strong development of key economic sectors has been attributed to the country’s 5.8 percent GDP growth in the first quarter of this year, which has created a basis for the economy’s sustainable recovery.

Singapore’s franchises eye VN

Singapore companies see Vietnam as a “hot-spot” for franchise investment, director of Singapore’s Astreem Corporation Pte Ltd. Hsien Naidu said at a press conference last week.

Steel prices rise on higher production costs

Construction steel prices have gone up to between 12 million VND – 12.8 million VND a tonne, about 600,000 VND higher than three months ago under the pressure of higher prices of many production inputs including electricity, fuel and coal.

Thai economy recovers following stimulus packages

Prime Minister Abhisit Vejjajiva of Thailand said that his country’s economic growth on an annual basis has improved, after the implementation of the first and the beginning of the second stimulus package.

Credit growth hits one percent in January

The nation’s banking system reported credit growth of one percent in January, a good sign for achieving the target of 25 percent growth this year while still considered reasonable in terms of seasonal production cycles and demand for capital.

State President urges Vinh Phuc to step up reforms

State President Nguyen Minh Triet on Feb. 3 urged authorities of the northern province of Vinh Phuc to accelerate improvements in the investment and production climate so as to attract economic resources for national development.

Vietnam to grow by 6.5 pct: EuroCham director

Vietnam ’s economy has grew by 5.32 percent in 2009 and it is likely to register a 6.5 percent growth this year, said Matthias Duehn, Director of the European Chamber of Commerce, in Hanoi on Jan. 27.
PVI gets 1.5 bln USD commitment Business

PVI gets 1.5 bln USD commitment

Five leading international partners signed a reinsurance contract committing 1.5 billion USD for onshore projects and estates to the PetroVietnam Insurance Joint Stock Corporation (PVI) in Hanoi on Dec. 11.

Electronic, IT exports may hit 3 billion USD

The Vietnam’s electronic and information technology export turnover this year may reach 3 billion USD, according to Tran Quang Hung, General Secretary of the Vietnam Electronic Industries Association (VEIA).

PM urges greater efforts to meet GDP target

To meet the targeted annual GDP growth rate of 5 percent, the country must achieve a growth rate of at least 6.5 percent in the last quarter of the year, said Prime Minister Nguyen Tan Dung.