economic growth

Update news economic growth

Gov't expects 5.8 percent economic growth for 2014

 Vietnam’s socio-economic development is progressing steadily, with economic growth likely to reach 5.8 percent this year, according to a Government report.

BUSINESS IN BRIEF 10/9

 Ministry announces banned trades; Real estate experts forecast further decline in housing market; Goods prices same as petrol falls; Food & beverage exhibit to open; Slow economic growth jeopardises annual goal

ANZ: Vietnam still faces challenges ahead

 VietNamNet Bridge – Although Moody’s upgraded Vietnam’s credit rating last month, ANZ Vietnam Bank said in its latest report that the nation still needs to do much more to unlock its full potential given challenges ahead.

BUSINESS IN BRIEF 21/7

Number of super-rich Vietnamese on the rise; WB provides soft loans for five projects in Vietnam; Vietnam expects to earn 146 billion USD from exports in 2014; Cashew exports increase in volume and value

BUSINESS IN BRIEF 12/7

VCCI accused of misusing state budget funds; SBV Governor: Big banks also to be restructured; Retail sales up over 10% in H1; Cat Lai Port refuses containers to ease congestion; GE Aviation eyes Vietnam as global supply chain link

BUSINESS IN BRIEF 31/5

Vietnam lashes economic growth forecast; Mekong Delta attracts foreign investors; Manufacturing industry attracts huge FDI; Production jumps 5.4% this year; Agricultural manufacturers offered preferential loans

BUSINESS IN BRIEF 29/4

 Huge FDI capital flows into IZs, EZs; Lotte eyes US$2 bln high-end trading centre in HCMC; Donaco delight at new Lao Cai casino; Nation lags behind peers in entrepreneurial zeal; Banks expect higher profits from recovery

BUSINESS IN BRIEF 15/4

 Toyota Vietnam enjoys exponential growth in Q1; Retail market sets stage for price competition; Businesses seen as foundation for economic growth in 2014; Garment sector eyes localisation of inputs

NA Vice Chairwoman commends new charter

 VietNamNet Bridge – The 2013 Constitution breaks new ground in several aspects while stressing that economic growth should be combined with social progress, equity and environmental protection, a leading legislator says.

BUSINESS IN BRIEF 11/1

 Industrial production up 5.9% annually; Harsh year from Korean labour market; Banks to face uncertain growth in lending; Lixil Vietnam opens Dong Nai factory; Economic growth still depends on capital, resources

Two scenarios for Vietnam's 2014 economic growth

 VietNamNet Bridge – Several scenarios for Vietnam’s economy have been put forth at a recent seminar organised by the Ministry of Planning and Investment. Report by Vietnam Business Forum.

Two scenarios for Vietnam's 2014 economic growth

 VietNamNet Bridge – At a recent seminar entitled "Prospects for Vietnam's Economy in 2014: Resonance Policy Effect" organised by the Ministry of Planning and Investment, participants put forth several scenarios for Vietnam's economy.

NA considers lowering 2014 growth target

To avoid a potential return to high-inflation and macro-economic instability, some lawmakers suggested the 2014 growth target should drop to a more moderate 5.5 per cent, cutting half a percentage point from the original target of 6 per cent.

PM calls for more efforts to rein in inflation

 VietNamNet Bridge – Prime Minister Nguyen Tan Dung has called on ministries, sectors and localities to continue strongly applying measures to stabilise the macro-economy and rein in inflation.

Six-month inventories fall on lower production

 VietNamNet Bridge – The total value of goods in stock declined in the first six months as production output was lower than in the same period last year,

GOVERNMENT IN BRIEF 8/7

 Hanoi People’s Council concludes seventh session; Official extends eternal gratitude to war veterans; Platform DK1 marks 24th founding anniversary

Bad debt on the rise: c.bank

 VietNamNet Bridge – Banks reported a continued rise in bad debt in the first five months of this year with potentially irrecoverable debt soaring by 36.5% compared to the end of 2012.

U.S. Fed holds steady on stimulus to support economy

 The U.S. Federal Reserve said on Wednesday that it will continue its 85-billion-dollar monthly bond purchase program to spur economic growth.

Report fuels growth concerns

 VietNamNet Bridge – The country's maximum economic growth would be 5.35 per cent this year, according to the Viet Nam Annual Economic Report 2013 that was unveiled in the capital on May 27.

UN expects global economy to gain momentum slowly

 After a marked downturn over the past two years, the global economy is expected to gain momentum slowly for the rest of 2013 and 2014 on the back of accommodative monetary policies in developed and developing economies,