Rubber set to bounce back as demand rises

The domestic rubber industry, the fourth largest in the world, expects to have higher export sales this year because of rising prices and demand, the Vietnam Rubber Association has said.

Shrimp exports show recovery sign

Shrimp exports increased sharply recently after a several month decline which started in early 2009, according to the Vietnam Association of Seafood Exporters and Processors.

Vietnam’s exports to Brasil up 5.72 pct

Despite Brasil’s import being reduced under the influence of the global financial crisis, Vietnam ’s exports to the country in the first half of 2009 topped 80 million USD, a year-on-year increase of 5.72 percent.

VN suggests boosting ASEAN Community Roadmap

The Association of Southeast Asian Nations (ASEAN) should mobilise all resources to ensure the successful implementation of overall plans for the Roadmap for an ASEAN Community and the Initiative for ASEAN Integration (IAI) Work Plan 2.

Lending against securities up

Outstanding loans against collateral in the form of securities or real estate in the first half of the year sharply increased over last year, according to a report from the State bank of Vietnam.

Measures to maintain high GDP for Central Highlands

The Steering Committee for Central Highlands Affairs, ministries, key economic sectors and leaders of Central Highlands provinces agreed to focus on overcoming difficulties to maintain a high GDP growth rate for the region.

Catholics strengthen fight against poverty

The role of the Committee for Solidarity of Vietnamese Catholics has been strengthened in recent years, contributing to the development of culture, the economy and charitable work in the country, according to Father Nguyen Cong Danh, head of the committee.
Survey shows upturn in VN’s business confidence Business

Survey shows upturn in VN’s business confidence

Vietnamese small- and medium-sized enterprises (SMEs) scored a confidence level of 150 points, a rise of 19 points over six months ago and the highest in Asia, according to the latest HSBC emerging market SME business confidence monitor.

Follow-through on stimulus measures, prime focus of inspections

The focus of inspection activities during the remaining months of the year is to serve the government’s stimulus objectives in order to prevent an economic decline, maintain growth and ensure social security, said Government Chief Inspector Tran Van Truyen.

Nomura forecasts VN's GDP growth at 4.9 percent

The Nomura International group has forecast Vietnam ’s GDP growth rate in 2009 to reach 4.9 percent, an increase over the group’s previous forecast of 4 percent, said the Vietnam Economic Times on July 9.

Car sales rev back up

The Vietnamese Automobile Manufacturers’ Association (VAMA) has reported increases in car sales in May and June, seeing this as an optimistic sign for market prospects through the year’s end, after suffering a sharp drop in April due to the Government’s imposition of a higher special consumption tax.