Firms prosper despite global crisis

Nearly 90 percent of audited enterprises recorded profitable results in 2008 despite the negative impacts of the global economic crisis, according to a report from the State Audit of Vietnam.

Firms claim difficulties in accessing credit

Around 80 percent of enterprises in HCM City need capaital to expand their business and production, but have difficulty accessing bank loans, according to the HCM City’s Union of Business Associations and Export Processing and Industrial Zone Authority.

Many enterprises can’t take out mortgages on their machines, shops or land to get loans from banks.

lly restored pagoda opens in Soc Trang

Thousands of pilgrims from Mekong Delta provinces, mostly ethnic Khmer, flocked to the Chua Doi (Bat Pagoda) in Soc Trang province during weekend to celebrate the restoration of the famous monument.

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.
State Bank Governor explains financial solutions Politics

State Bank Governor explains financial solutions

The Governor of the State Bank of Vietnam, Nguyen Van Giau answered NA deputies’ queries about interest rate subsidies and other monetary policies at the 6th session of the 12th National Assembly on Nov. 17.

ADB assists Vietnam's economic recovery

Vietnam on October 20 signed agreements with the Asian Development Bank (ADB) for two loans worth 600 million USD to help the country cope with the impact of the global economic crisis and support policy reform.

PM ratifies 500 mln USD loan deal with ADB

Prime Minister Nguyen Tan Dung has ratified a 500 million USD fiscal support loan for Vietnam which grew out of State Bank of Vietnam ’s negotiation with the Asian Development Bank (ADB).

Vietnam splashes out on technology

Vietnam ranked 11th out of 133 economies in the World Economic Forum’s (WEF) 2009 Index on the amount of money the government spends on technology.

Hospital managers learn advanced skills

Senior officials from 52 hospitals nationwide are being provided with advanced management skills at a training course jointly held by Vietnam’s Ministry of Health and the Singapore National University (NUS).

Cuba cuts spending to save worsening economy

Cuba will cut spending, including dispensable expenditure in education and health care, in an effort to revive its falling economy due to the adverse impacts of the global crisis.