Business

Deputy PM: restructuring necessary for economic growth

Vietnam will continue to accelerate its economic restructuring and growth model shifting to increase its competitiveness and stimulate growth in 2015, stated Deputy Prime Minister Hoang Trung Hai.

In an interview granted to the Vietnam News Agency on the country’s economic prospects and 2015 agenda, the Deputy PM said that 2014 achievements, including stable macro-economy, low inflation, consistent exchange rates, and decreased interest rates, will be the driving force of economic development this year.
Dong Nai’s timber exports exceed 600 million USD Business

Dong Nai’s timber exports exceed 600 million USD

The southern province of Dong Nai generated approximately 602 million USD through exporting wood products during the first eight months of 2014, a year-on-year rise of 8.2 percent.

The increase is attributable to a growing demand from the province’s main export markets, such as the US, Canada, the UK, the Republic of Korea and Japan, as well as several new markets in Latin America and Africa.
Market economy does good to Vietnam: PM Politics

Market economy does good to Vietnam: PM

The market economy mechanism has brought fruits to Vietnam which now boasts a stable macro-economy and a range of social welfare services in full place, Prime Minister Nguyen Tan Dung has said.
PM stresses regional sustainable growth, East Sea issue at WEF Politics

PM stresses regional sustainable growth, East Sea issue at WEF

Prime Minister Nguyen Tan Dung emphasised measures for East Asia to maintain its sustainable growth and the ongoing serious developments in the East Sea following China’s illegal rig placement into Vietnam’s waters in his remarks delivered at the opening session of the World Economic Forum on East Asia 2014 in the Philippines on May 22.
Business

Conference seeks ways to help SMEs access capital

A public-private dialogue under the Asia-Pacific Cooperation (APEC) took place in Hanoi on March 27 to seek measures to settle obstacles for small and medium-sized enterprises (SMEs) and very small enterprises (VSEs) in accessing capital sources.

Business

KIS sees VN-Index staying on upward path

The stock market of Vietnam is expected to reach 650-700 points this year due to investment flows from both domestic and foreign investors, said KIS Vietnam Securities Corporation (KIS).
Prime Minister meets Hai Phong voters Politics

Prime Minister meets Hai Phong voters

Prime Minister Nguyen Tan Dung on December 9 met with voters in Kien Thuy district, the northern port city of Hai Phong to inform them about the outcomes of the National Assembly’s newly-concluded sixth session.
Business

FDI flow into Vietnam surges

The total newly-registered and additional FDI capital poured into Vietnam in the first 10 months of this year hit 19.2 billion USD, a year-on-year increase of 65.5 percent, outdistancing this year’s target of 13-14 billion USD.

Business

Credit growth inches up by 2.98 percent

Vietnam’s macro-economy has been kept on the right track this year thanks to a wide range of flexible credit solutions and proper monetary policies implemented by the State Bank of Vietnam.
Business

Vietnam’s five years in WTO: slow economic shift

Since Vietnam joined the World Trade Organisation (WTO) five years ago, it has enjoyed many benefits, such as better import-export market access and increasing foreign direct investment. However, the country has faced numerous challenges, said economic experts.

The country’s economic growth rate reached an average of 6.5 percent per annum between 2007 and 2011, or the post-WTO period. The figure was much lower than the 7.8 percent level recorded from 2002-2006 and far below the 7.5-8 percent target.
NA hearings focus on pricing, public debts Politics

NA hearings focus on pricing, public debts

Minister of Finance Vu Van Ninh admitted problems in price control while affirming the effective use of loans, saying the country has no bad debts so far, at live-televised National Assembly hearings on June 10.