Economy

Update news Economy

Vietnam boost economic cooperation with Middle East-African nations

The “Meet Ambassadors from the Middle East and Africa 2019” will take place in Hanoi on September 9-10.Economic cooperation will be high on the agenda of the event.

Highlights of Vietnam’s economy in H1/2019

Vietnam`s economy kept growing track in the first half this year with maintained GDP growth rate and stable CPI.

70% of Vietnam’s low-cost houses built in Hanoi

Hanoi expects to meet housing targets for 2020 required in the context of high urbanization rate.

Student-classroom ratio a challenge for HCM City schools

HCM City faces challenges in meeting the Ministry of Education and Training’s regulation on the maximum number of students in classrooms as enrolment continues to increase.

Le Pho masterpiece fetches record price at Christie’s Hong Kong painting auction

An oil-on-canvas painting featuring a nude woman by master painter Lê Phổ (1907-2001) was sold at nearly US$ 1.4 million (HK$10,925,000) at an auction sale at Christie’s Hong Kong on May 26.

After the flood, Fed likely to see little change in economy, policy course

The economic fallout from Hurricane Harvey will make the Federal Reserve’s job more difficult when it meets in three weeks, but U.S. central bankers have looked past major storms before with little change in monetary policy

Vietnam economic performance praised by international institutions

VietNamNet Bridge - International institutions agree that Vietnam’s economy is recovering strongly while seeing a bright outlook for its continued growth.

Afghanistan: Can pomegranates power the economy?

 As delegates gather in London for a conference on Afghanistan, the prospects for reducing the reliance on foreign aid are increasingly focused on two sectors of the economy: agriculture and hydrocarbons.

VN’s economy shows impetus in first half

 VietNamNet Bridge – Viet Nam continued seeing signs of economic recovery with a Gross Domestic Product growth in the first half of this year reaching 5.18 % despite a number of difficulties and challenges.

Vietnam economy grows by 5.18% in H1

 VietNamNet Bridge – Vietnam achieved GDP growth of 5.25% in the second quarter of this year, bringing the six-month rate to 5.18%, according to the General Statistics Office (GSO).

There will be economic solutions when East Sea tensions escalate

Territorial disputes in any degree will also affect the economy, so Vietnam will have appropriate response measures, says the Chair of the National Assembly’s Finance-Budget Committee, Mr. Phung Quoc Hien, in an interview with VnExpress.

Public debt up, CPI down, consumers fasten belt

 VietNamNet Bridge – Economists have raised the alarm over the increasing public debt and the domestic production stagnation because of the weak demand.

Investors told not to run at full gallop in the Year of Horse

 VietNamNet Bridge – With cautiousness--in the lives of investors, they dare not expect brisk trade and do not intend to pour big money into investment deals in 2014, the Year of Horse.

Grave concerns over massive business shutdowns

 VietNamNet Bridge – Experts have voiced concerns over the health of enterprises, saying the ever-increasing number of business shutdowns cast a gloomy outlook on the economy.

Local public debts huge, but national public debt still safe

 VietNamNet Bridge – Local authorities all reportedly have big public debts due to the overly high spending. However, the figures about the debts are not counted on when calculating the national public debt.

Vietnam makes big leap in non-dollarization

 VietNamNet Bridge – Vietnam vows to reduce the foreign currency deposit ratio to 15 percent by 2015 and stop the dollarization by 2020

Two-thirds of enterprises incur losses

 VietNamNet Bridge - Up to two-thirds of 450,000 local enterprises have reported losses in business this year, said Deputy Minister of Finance Do Hoang Anh Tuan at a conference in Hanoi on Wednesday.

BUSINESS IN BRIEF 31/10

 Vinaconex sells debts in Cam Pha Cement; SBV outlines scheme to stabilise forex, gold rates; Nokia and FPT ink agreement; HCM City economy runs into difficulties; New Zealand to export potatoes to Vietnam

BUSINESS IN BRIEF 28/10

 CPI rises less than expected; Supermarket offers big discounts; Malaysia to build thermal power plant in Vietnam; Vietnam to accelerate FTA negotiations with EFTA; Digital signatures will be used for e-customs

Gov’t, Assembly wield differing views on economy

 VietNamNet Bridge – While the Government is fairly upbeat on the country’s economic outlook, the National Assembly casts a somber view on the lingering woes.