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Update news GDP per capita
The Ministry of Planning and Investment (MPI), after a recalculation, has announced that Vietnam’s public debt in 2014 was equal to 66.4 percent of GDP, or 6.5 percent higher than the 59.9 percent rate made public before.
VietNamNet Bridge - Experts doubt that the minimum wage can be lifted each year if Vietnam’s productivity remains low compared with other ASEAN countries.
VietNamNet Bridge - The instant noodle market has become saturated after a long period of hot development. However, investors are still pouring more money into the sector.
The national consumer price index (CPI) in August declined 0.07 per cent against the previous month but increased 0.61 per cent compared with the same month last year.
Vietnamese shares joined those on other Asian markets yesterday as they experienced the hardest fall since the beginning of the year, dragged down by the latest Chinese stock rout.
VietNamnet Bridge - Concerns about public debt arose again after the Ministry of Finance (MOF) asked for VND30 trillion from the State Bank.
VietNamNet Bridge - The Ministry of Finance (MOF) said that Vietnam’s public debt was still within the safety line but economists say they can see high risks.
VietNamNet Bridge - Vietnam’s intellectual standard has unexpectedly become a hot topic of discussion on education forums.
A report says two-thirds of Vietnam’s GDP comes from individual consumption, including purchases made by Vietnamese smitten with luxury goods.
More and more Vietnamese have got keen on luxurious goods and willing to pay money on branded products, even though they are much more expensive than the average income.
Though the family run business model remains controversial, the influences of the famous family run conglomerates to the national economy in the past and at present are undeniable.