GDP

Update news GDP

BUSINESS IN BRIEF 16/11

DHL deploys new intra-Asia air routes; VIB and Vietnam Railways enter in comprehensive cooperation; Gyeongsangnam-Do (South Korea) and SMEs- TAC ink deal

BUSINESS IN BRIEF 15/11

Export firms need to be aware of trade laws; EU-funded project to help domestic enterprises; Rebound seen for VN rubber shares

BUSINESS IN BRIEF 24/10

India rolls out red carpet for Vietnamese investors; Russian, Vietnamese firms enhance connectivity; Textile businesses investing in advance of TPP

Public debts near threshold

VietNamNet Bridge – Vietnam’s public debts are poised to reach 63% of GDP late this year and 64% next year, just a stone’s throwing from the threshold of 65% deemed by the National Assembly

Vietnam public debt close to “risky level”

VietNamNet Bridge - The ratio of public debt reported by the Government to the National Assembly is "almost" 64% of GDP, according to NA Vice President Nguyen Thi Kim Ngan. 

GDC’s customs-clearance estimate conflicts with World Bank figure

 VietNamNet Bridge – An average of 115 hours for imports and 11 hours for exports is needed to clear customs, according to a report from the General Department of Customs (GDC) on the customs clearance reform program.

Vietnam considers coastal shipping route to take load off roads

Following the success of the Quang Ninh – Quang Binh route, the Vietnam Maritime Bureau (Vinamarine) is considering putting other coastal shipping routes into operation to help ease the current overloading on roads.

Vietnam to stop issuing GDP figures for each province from 2018

 VietNamNet Bridge – Vietnam will have only one national annual GDP figure released by the General Statistics Office instead of multiple figures for individual provinces and cities.

GSO: GDP figures accurate

 VietNamNet Bridge – Viet Nam's published GDP is completely reliable, director general of the General Statistics Office Nguyen Bich Lam told Thoi bao Kinh te Viet Nam (Viet Nam Economic Times)

Gov’t Chief Inspector grilled by NA deputies

Government Chief Inspector Huynh Phong Tranh on June 12 answered National Assembly deputies’ queries on the handling of existing complaints, the supervision of the anti-corruption law’s implementation and the detection of corrupt acts.

Vietnamese told to prepare for low GDP growth rate this year

 VietNamNet Bridge – While the government has stated that it does not intend to lower economic growth targets, economists have warned that the public should be prepared for an unsatisfactory economic performance in 2014.

Vietnam changes posture on public debts

Repeatedly affirming that its public debt is still within safe bounds, the government has till now never displayed any worries when presenting reports about the matter before the National Assembly. But the latest report is different.

Vietnam’s public debt may rise to nearly 100% of GDP, experts warn

 VietNamNet Bridge - Experts at the Spring Economic Forum 2014 once again warned about the financial security of the country after the recent massive issuance of bonds.

BUSINESS IN BRIEF 2/4

New PPP law improves quality of public service; HCM City announces GDP growth target of 10%; Soursop farming sweetens lives; Mass clam deaths leave farmers in debt; Power sector needs recharge

GDP of G20 slowed slightly to 2.8 pct in 2013: OECD

 Gross domestic product in G20 countries is projected to grow by 2.8 percent in 2013, down from 2.9 percent in the previous year, the Paris-based Organization for Economic Cooperation and Development said Monday.

Vietnamese vote against GMT+8

A mini survey has found that 56 percent of online newspapers’ readers believe there is no need to change Vietnam’s time zone to GMT+8, while only 29 percent vote for the change.

Vietnam loses 1.3% of GDP for poor hygiene

 VietNamNet Bridge - According to the World Bank (WB), Vietnam loses about $780 million per year (equivalent to 1.3% GDP) due to poor sanitation.

Vietnam gets richer as middle class rises strongly

 VietNamNet Brige – The rapid increase of the Vietnamese income and the strong rise of the middle class explains why most of the big guys in the world want to sell their goods to Vietnam.

GDP per capita nears US$1,900

 VietNamNet Bridge – Vietnam’s gross domestic product per capita has reached US$1,890, or a tad lower than US$1,960 estimated by Prime Minister Nguyen Tan Dung at the recent Vietnam Development Partner Forum.

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.