Vietnam records GDP growth slowdown in Q1 Business

Vietnam records GDP growth slowdown in Q1

Gross domestic product (GDP) expanded by 5.46 percent in the first quarter, slower than the 6.12 percent during the same period last year, according to the General Statistics Office (GSO).
Vietnam treasures ADB support: PM Politics

Vietnam treasures ADB support: PM

Prime Minister Nguyen Tan Dung has told outgoing ADB Country Director in Vietnam Tomoyuki Kimura that Vietnam highly values ADB’s support over the past years, especially in policy consultations, technical assistance and resource provision for the country’s growth.

EIU affirms Vietnam’s improving economic prospects

The Economist Intelligence Unit (EIU) of The Economist Group has confirmed Vietnam ’s improving economic prospects, saying after several years of lacklustre economic performance, headline indicators suggest that Vietnam may be turning a corner.

Investors aware of Vietnam's long-term potential

International investors of four funds under the management of the VinaCapital Group recognise Vietnam 's long-term potential but are concerned about the country's struggle to contain inflation.

VinaCapital chairman Terry Mahony said: "In the short term, Vietnam still faces challenges including high inflation and interest rates, which cause pressure to investment funds."

Foreign reserves disclosure eyed

The State Bank of Vietnam (SBV) will work with Government members to discuss the possibility of disclosing national foreign exchange reserves, SBV Governor Nguyen Van Giau told the Asian Development Bank's 44th Annual Meeting of the Board of Governors in Hanoi this week.

European firms positive about nation's outlook

Most European companies are optimistic about Vietnam 's economic outlook, according to the first quarterly survey of the country's business climate by the European Chamber of Commerce (Eurocham) in Vietnam.

UK’s Economist ups Vietnam’s growth forecast

The Economist’s Intelligence Unit, an offshoot of the UK ’s Economist magazine, has lifted its forecast of Vietnam ’s GDP growth rate in 2010 to 6.4 percent, up from 6.2 percent in its previous forecast.