IMF cuts growth forecast for Philippines World

IMF cuts growth forecast for Philippines

The International Monetary Fund (IMF) has further slashed its economic growth forecast for the Philippines for 2019 and 2020 to 5.7 percent and 6.2 percent, respectively, as the economy slowed down in the second quarter and external environment worsens.
SMEs fail to make use of plentiful assistance in HCM City Business

SMEs fail to make use of plentiful assistance in HCM City

A number of organisations in Ho Chi Minh City have provided assistance and consultancy for small and medium-sized enterprises (SMEs) while banks have offered them loans on easy terms but they do not make use of either consultancy or loans, heard a conference in the city on October 3.
Vietnam attractive to investors: Russian expert Business

Vietnam attractive to investors: Russian expert

Vietnam has emerged as an attractive destination to investors thanks to its rapid economic growth and high business profits, said Vladimir Potapov, CEO of Russia’s VTB Capital Investments and Senior Vice President of VTB Bank.
RCEP talks to solve trade barriers and find mutual ground Business

RCEP talks to solve trade barriers and find mutual ground

The final round of negotiations for the Regional Comprehensive Economic Partnership (RCEP) – a trade agreement between ten ASEAN member states and their six partners: Australia, China, India, Japan, New Zealand and the Republic of Korea – will focus on resolving issues and reaching mutual ground on market openness, trade freedom for goods and services as well as investment.
Deputy PM, WB Vice President hold talks Politics

Deputy PM, WB Vice President hold talks

Deputy Prime Minister Vuong Dinh Hue held talks in Hanoi on September 23 with Senior Vice President and chief economist of the World Bank Pinelopi Koujianou Goldberg, who is in Vietnam to attend the Vietnam Reform and Development Forum 2019.
Vietnam must improve quality of labour force for EVFTA Business

Vietnam must improve quality of labour force for EVFTA

The EU-Vietnam Free Trade Agreement (EVFTA) offers many opportunities to Vietnamese workers and just as many challenges. The country’s labour force must find ways to improve its quality in order to produce products that adhere to stricter standards in European markets, said policymakers and labour experts at a conference in Hanoi on September 17.
Interest rates stay steady til year end: SBV official Business

Interest rates stay steady til year end: SBV official

With a positive macroeconomic background at the moment, interest rates will basically stay steady until the end of the year due to excessive liquidity and proper credit growth, according to an official from the State Bank of Vietnam (SBV).
Vietnamese Party delegation studies US’s policies Politics

Vietnamese Party delegation studies US’s policies

A working delegation from the editorial group of the sub-committee on socio-economic affairs of the 13th Party Congress has had working sessions with several organisations and research institutions in Washington DC to study US policies, and gather experts’ recommendations to make preparations for Vietnam’s socio-economic development strategy in the time ahead.
Diplomats, firms discuss trade among Vietnam, Africa, Middle East Business

Diplomats, firms discuss trade among Vietnam, Africa, Middle East

​Economic ties between African and Middle Eastern countries and Southeast Asia in general, Vietnam in particular is still constrained, said Deputy Prime Minister and Foreign Minister Pham Binh Minh at the two-day conference ‘Meet Ambassadors from the Middle East and Africa 2019’ held by the Ministry of Foreign Affairs from September 9 to 10 in Hanoi.
Trade wars, speculation to hurt stocks Business

Trade wars, speculation to hurt stocks

The market sentiment will remain lateral in September weighed down by global economic and political tensions while trading quiet amid speculations of Q3 corporate earnings.