Hastening institutional reform and improving competitiveness has become more pressing than ever for Vietnam to help firms grab opportunities from several new-generation free trade agreements (FTAs).
The State Bank of Vietnam (SBV) will control inflation under 4 percent and stabilise the macro economy to reach a GDP growth of 6.7 percent, as well as ensure a safe operation for the banking system.
The State Bank of Vietnam (SBV) will keep a close watch on the developments of the domestic and global economies to work out measures to ensure stable exchange rate management in 2017.
Vietnam’s textile and garment exports this year are estimated to reach 28.5 billion USD, meeting roughly 92 percent of the set plan due to market difficulties.
The mergers and acquisitions (M&A) market in Singapore hit 125.7 billion SGD (88.1 billion USD) with 800 transactions in 2016, despite economic difficulties, reported Today Singapore newspaper.
To create a fair business environment to promote the development of the private sector, experts said restructuring of State-owned enterprises (SOEs) must be hastened.
Irish President Michael D. Higgins tells the Vietnam News Agency that Ireland and Vietnam have the current challenge of forging an equitable growth model.
Bank Indonesia (BI) has reduced its country’s GDP growth forecast from the previous 5 – 5.4 percent to 4.9 – 5.3 percent for this year, the Jakarta Globe newspaper reported.
The UK’s Standard Chartered Bank anticipates Vietnam’s economic growth will be 6 percent in 2016 and 6.6 percent in 2017, Saigon Giai Phong (Liberated Saigon) newspaper reported.
Economic ministers and deputy ministers from ASEAN and its eight partner countries reiterated the endeavours to accelerate economic integration in East Asia.
Economic ministers and deputy ministers from the Association of Southeast Asian Nations (ASEAN) mulled several important matters during the 48 th ASEAN Economic Ministers’ Meeting.
The Association of Southeast Asian Nations (ASEAN) would enjoy a number of advantages afforded by a British exit or Brexit, which is expected to facilitate the signing of free trade agreements.
The Monetary Authority of Singapore (MAS) and the central bank of Singapore, on July 25, forecast a 1-3 percent growth for the country’s GDP growth in 2016 amidst a gloomy world economy.
Vietnam has postponed a 3-billion USD international bond issuance plan due to unfavourable conditions in the global finance and monetary market, the finance ministry said.
The Ministry of Industry and Trade (MoIT) has proposed the development of large textile and garment industrial zones (IZs) to attract investment in dyeing, and fabric and yarn production.
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