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Update news low demand
VietNamNet Bridge - Sharp oil price falls, high tax rates, overproduction and inappropriate development of rubber plantations all have dealt strong blows to rubber producers.
Despite the low CPI increases over the last several consecutive months, the government of Vietnam does not intend to hurriedly loosen the monetary policy for the fear about the high inflation.
The home appliance market has become “peaceful” again after it became boisterous for one year with a stiff competition among the suppliers.
Financial experts have noted a stronger cash flow to the stock market in the last trading sessions of 2012. If the government successfully implements the solutions to support businesses, the stock market would prosper in 2013.
VietNamNet Bridge – Overseas remittance to Vietnam has been increasing steadily. However, the cash flow now does not go into the real estate sector any more. Meanwhile, a lot of Vietnamese are seeking to buy real estate overseas.
VietNamNet Bridge – The market appears to be gloomier than it was in the most pessimistic forecast. The demand is so weak that travel firms have to sell Tet tours at a loss.
The 2013 New Year holiday would last four days. However, travel firms say most clients book short term 2-3 day tours.
VietNamNet Bridge – The year 2013 is believed to be the suitable time for starting up new urban area projects.