Wood product exports recover

Vietnam's furniture exports this year are expected to increase as the industry has been showing signs of recovery, according to the Ministry of Industry and Trade.

Statistics from the ministry showed that in the last two months, wooden exports rose strongly, fetching 617 million USD, which was up 60 percent against the same period last year.

PM urges close watch for signs of inflation

Prime Minister Nguyen Tan Dung urged ministries and localities to closely watch prices, especially on essential goods, to prevent the reoccurrence of high inflation and speed up economic recovery.

EuroCham calls for more tourist visa exemptions

The European Chamber of Commerce in Vietnam (EuroCham) has urged Vietnam to grant visa exemption to more markets as a way of attracting more foreign visitors in 2010 to take full advantage of global travel recovery.

Closing spurt lifts VN-Index

Significant buys in the final minutes of February 26’s session on the Ho Chi Minh Stock Exchange helped the VN-Index manage a gain of 0.39 percent on the day to close at 496.91 points.

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.

Exports fall by 22.2 percent this month

The country's export value went down by 22.2 percent 3.9 billion USD in February alone, and export revenues in the first two months of this year stood at only 8.9 billion USD.

Labour market continues to recover

The online job market continued to recover with the rise in labour demand indexes in the fourth quarter of 2009, according to Vietnam’s largest online job services website’s report said that the online labour demand index in the fourth quarter of 2009 rose by 5.2 percent against the previous period. Retail sales, accounting/finance, administrative/secretarial, information technology-software and marketing had the highest demand for employees, said the report.

Farm exports to reach 16bln USD

The Government has set a goal to attain a combined turnover of 16 billion USD from agricultural, forestry and seafood exports this year, an increase of 700 million USD.

FDI inflow likely to surge by 10 percent in 2010

The flow of foreign direct investment (FDI) and the amount of disbursed FDI in Vietnam are forecast to increase by 10 percent year-on-year in 2010 to 22-25 billion USD and 10-11 billion USD, respectively.

The Foreign Investment Agency (FIA) under the Ministry of Planning and Investment made the prediction amid the context that foreign investors are now optimistic about Vietnam’s rapid economic recovery and development prospects both in the medium and long terms.