GDP

Update news GDP

Abnormalities found in statistics about Vietnam’s economy

Economists, while keeping doubtful about the statistics reported by state management agencies, have warned that if they try to “fabricate” the figures, the regulators would not know how sick the economy is to prescribe properly.

Workforce doesn’t change over the last 5 years

The number of workers at enterprises has reportedly not increased over the last 5 years. New workers have been employed to offset the left ones, not to serve the enterprises’ business expansion plans.

Inflation decrease raises worry about weak demand

The reported inflation decrease in March turns out to be not the good news at all. This, in the eyes of businesses, means the low market demand and the unsalability of goods.

The businesses which pay $900 a month to workers

Banking and telecom are considered the two most profitable economic sectors. The businesses in the business fields can pay VND18 million ($900) a month on average to their workers.

Public debt under control, finance ministry says

The Ministry of Finance said in a report released on Thursday that Vietnam’s public debt, which stood at 56.3% and 54.9% of the nation’s gross domestic product in 2010 and 2011 respectively, is under control,

Ministry outlines plan to develop bond market

 VietNamNet Bridge – The Ministry of Finance has outlined a plan that will give priority to government bonds in the bond market under Decision No. 261/2013.

PM approves master plan on economic restructuring

PM Nguyen Tan Dung has just approved the Master Plan on Economic Restructuring in 2013-2020, which focuses on reorganizing public investment, credit organizations and State-owned enterprises.

The five “hottest” jobs in Vietnam which can bring huge incomes

Taking care of women who have just had childbirth, taking care of patients, repairing shoes and keeping cars and motorbikes have been listed as the “hottest jobs”.

BUSINESS IN BRIEF 17/2

Binh Dinh looks to make fisheries key growth sector; City sets target of achieving high export turnover, PM okays restructuring plan for Vinatex, Vinacomin

Vietnam’s story about economic growth and inflation

VietNamNet Bridge – The government plans to pump huge amounts of capital into circulation to rescue the real estate market and settle bad debts. Will this make the high inflation return?

Fitch reaffirms nation's B+ rating, stable outlook

 VietNamNet Bridge – Fitch Ratings last Tuesday affirmed Viet Nam's long-term foreign and local currency-issuer default ratings (IDRs) at ‘B+', with a stable outlook.

Nation records 5.03% GDP growth, single digit CPI

 VietNamNet Bridge – Vietnam recorded a Gross Domestic Product (GDP) growth rate of 5.03 percent in 2012, announced the General Statistics Office (GSO) in a press briefing in Hanoi on December 24.