PetroVietnam enjoys good business results despite falling oil prices Business

PetroVietnam enjoys good business results despite falling oil prices

The Vietnam Oil and Gas Group (PetroVietnam) earned 489.5 trillion VND (over 21 billion USD) in revenue in the first eight months of the year, exceeding the target by 19 percent although the average price of crude oil fell to 58.62 USD per barrel in August compared to the predicted price of 65 USD per barrel.
Philippines revises down 2019 GDP growth target World

Philippines revises down 2019 GDP growth target

The Philippines on March 13 lowered its GDP growth target for this year to 6-7 percent, instead of 7-8 percent, citing the impact of a delay in the approval from the legislature for this year's budget.
Breakthroughs needed in 2019: minister Business

Breakthroughs needed in 2019: minister

Vietnam should create breakthroughs in 2019 to complete the 2016-2020 socio-economic development plan and create a foundation for the next five years, Minister of Planning and Investment Nguyen Chi Dung has said.
Indonesia’s GDP growth slows down in Q3 World

Indonesia’s GDP growth slows down in Q3

Indonesia’s economy has slowed down slightly in the third quarter of 2018, lower than the previous quarter’s growth due to capital outflows, weaker exports, and household spending.
Tightened monetary policy forecast for Q4 2018 Business

Tightened monetary policy forecast for Q4 2018

The State Bank of Vietnam (SBV) will likely continue its tightened monetary policy in the remaining months of the year after its decision to strictly control lending to high risk sectors in the third quarter didn’t adversely affect the country’s economic growth, according to experts.
Vietnam posts strong Q2 growth Business

Vietnam posts strong Q2 growth

Vietnam’s economy maintained impressive growth in the second quarter this year, according to a macroeconomic report released by the Vietnam Institute for Economic and Policy Research (VEPR) in Hanoi on July 11.
Vietnam’s economy enjoys auspicious start Business

Vietnam’s economy enjoys auspicious start

Vietnam’s economy enjoyed a more sustainable growth in the first quarter of the year with a strong economic expansion of 7.38 percent, the best first-quarter performance in the last decade.
Government urged to improve business climate Business

Government urged to improve business climate

Removing barriers and improving the business environment would contribute to reaching economic growth targets in the context of a tight State budget, director of the Ministry of Planning and Investment’s National Economic Issues Department Tran Quoc Phuong.