Hanoi’s CPI rises 0.26 percent in October
Hanoi ’s consumer price index (CPI)
rose by 0.26 percent in October as compared to September and 4.47
percent over the same period last year.
XIII National Congress of Communist Party of Vietnam
HCM City’s economy shows signs of recovery
HCM City ’s economy is beginning to show signs of recovery
as its GDP for the first nine months of the year recorded at 221.5
billion VND, up 6.1 percent compared with the same period last year.
PM stresses major socio-economic tasks for 2010
Prime Minister Nguyen Tan Dung has
urged ministries, agencies and localities to concentrate resources on
economic recovery, with the aim of obtaining a higher GDP growth rate,
at 6.5 percent, than that of 2009, and ensuring rapid and sustainable
development in the coming years.
VN’s beer consumption second in Southeast Asia
A Vietnamese consumed an average of 22
litres of beer in 2008, standing just behind the Thais in Southeast
Asia, according to the Vietnam Association of Beer, Alcohol and
Beverages.
Retail sector remains economic bright spot
Against the backdrop of industrial
production value and exports plunging sharply in the last eight months,
Vietnam’s retail sector saw products flying off the shelves, attaining
a growth rate of 18.4 percent.
According to the latest report from the General Statistics Office, the country’s revenue from the retail and services sector totalled 743 trillion VND in the reviewed period.
According to the latest report from the General Statistics Office, the country’s revenue from the retail and services sector totalled 743 trillion VND in the reviewed period.
Industrial production value continues to grow
Vietnam posted an increase of 5.6
percent in its industrial production value to top 443 trillion VND in
the past eight months of this year, according to the General Statistics
Office (GSO).
Politics
Thai Nguyen urged to become centre of metallurgic industry
PM Nguyen Tan Dung has
urged Thai Nguyen province to make full use of its advantages to become
a big industrial centre of mining and metallurgy, construction material
and supporting industries.
Business
Measures to help domestic live-stock feed processers
Over-dependence on imported materials
has caused domestic live-stock feed processers and farmers many
hardships as food price fluctuations directly impact production.
Agro-forestry-fishery export value drops 2.4 percent
Vietnam earned 7.62 billion USD from agro-forestry-fishery exports in the first six months of this year, a year-on-year decrease of 2.4 percent.
MPI predicts positive developments for national economy
The national economy will see positive developments in the second half of the year although its major industries have experienced sharp decreases in the first half due to the global financial crisis and economic recession, according to the Ministry of Planning and Investment (MPI).
Strong growth possible in hard times, experts say
In the view of economic experts, local businesses are enjoying a prime opportunity to sharpen their competitive edge in both local and foreign markets despite challenges presented by the global economic crisis and the national economic slowdown.
