ADB President: VN's economy bottoms out of crisis Business

ADB President: VN's economy bottoms out of crisis

The Vietnamese economy has stabilised and is now on track to recover from the global financial crisis, said Asian Development Bank President Haruhiko Kuroda.

He made the remarks at a conference entitled “The Impact of the Global Economic Slowdown on Poverty and Sustainable Development in Asia and the Pacific”, the first of its kind in the region, in Hanoi on September 28.
Business

Poor logistics industry retards economy

Demand for logistics services has risen rapidly, but the plan to develop a professional logistics centre in HCM City is still on the drawing board, experts say.
Newspapers reflect warm relations between Vietnam and Australia Politics

Newspapers reflect warm relations between Vietnam and Australia

Australian Prime Minister Kevin Rudd’s presence at Canberra ’s Fairbairn airport to meet Communist Party of Vietnam General Secretary Nong Duc Manh, who received a 19-gun welcoming salute, is a sign of increasingly warm relations between Australia and Vietnam , local media reported.
Japan pledges record ODA loan for Vietnam Politics

Japan pledges record ODA loan for Vietnam

The Japanese government will provide Vietnam with the biggest ever official development assistance (ODA) loan in 2009, exceeding the record 1.1 billion USD loan in 2007, the Japanese Ambassador told the Vietnam News Agency on Aug. 26.
Tuyen Quang urged to develop forest economy Politics

Tuyen Quang urged to develop forest economy

The mountainous northern province of Tuyen Quang should make use of its advantages to develop a forest-based economy as it is home to nearly 500,000 ha of economically valuable forests.
Business

Big domestic energy groups hook up

The country’s National Oil and Gas Group (PetroVietnam) and the National Coal and Mineral Industries Group (Vinacomin) signed a strategic cooperation agreement in Hanoi on July 28.
Business

Standard Chartered: Government fiscal stimulus package boosts economy

Vietnam’s government fiscal stimulus is having a positive impact on the economy, especially in light of the fact that 2009 is considered a year of great challenges, the Standard Chartered Bank’s analyst Tai Hui has said.

The impacts can be seen clearly as a number of sectors in the economy are showing signs of outperforming expectations, such as construction, transportation and communications, financial intermediation, and retail and wholesale trade.