Category: Economy
Foreign investment up 109 pct in HCM City
Foreign direct investment (FDI) in HCM City in the first quarter of the year rose by 109 percent compared to the same period last year, pointing to a positive trend that [...]
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Indicators reveal signs of early recovery
Indicators during the last three months are promising signs of an early economic recovery. Gross domestic product in the first quarter grew by 4.89 per cent, the consumer [...]
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Thousands of firms hit the wall
More than 2,270 businesses closed in the first quarter, while ovear 13,000 suspended operations, according to the Ministry of Planning and Investment. The finance, banking [...]
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Flawed state spending is exposed
Big government management flaws have been exposed by ministries, localities and state-owned enterprises’ serious financial violations. “Many localities and [...]
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Trade with Swiss grows 11pct
Two-way trade between Vietnam and Switzerland rose 11 per cent year-on-year, reaching $167 million over the first two months of this year, said Luong Manh Hung, Trade [...]
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HCM City’s per capita income expected in $14,000 by 2025
At the 13th HCM City Party Conference held on April 11, Le Hoang Quan, Chair of HCM City People’s Committee, said the HCM City targets an average economic growth rate [...]
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Watchdog agencies admit the uncontrollability over licensed businesses
Approximately 140,000 companies are said to be missing, dead or inactive, but they still exist on the database of the watchdog agencies. This shows the big problems existing [...]
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Vietnam exports rely too much on FDI sector
Vietnamese exports grew nearly 20 percent in the first quarter of this year, but the achievement is mostly contributed by the foreign-invested sector, the Ministry of [...]
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State Budget revenues can decrease 30tr dong/yr if corporate income tax is reduced to 20pct
At a workshop to improve the law on corporate income tax held on 11th April, Nguyen Van Phung, deputy manager of Tax Policy Department (Ministry of Finance) said that the [...]
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Hanoi resolves to improve PCI
Hanoi is determined to improve its provincial competitiveness index (PCI) this year, in the wake of its sharp drop in 2012. The capital dropped 15 places to number 51 in the [...]
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Boosting Vietnamese exports to HK
Vietnamese businesses need to the make the best of Hong Kong as a gateway for bringing Vietnamese goods to other markets. Economic experts highlighted Hong Kong as a [...]
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Vietnam’s tourism potential introduced in Dubai
Vietnam’s current tourism promotion programme in Dubai has attracted many officials and businesspeople in the United Arab Emirates (UAE). The programme was launched on [...]
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City eyes economic growth of 9.5-10pct
The economic growth of HCM City will average out at between 9.5 percent and 10 percent in 2011-2015 and the city will continue to keep the same economic growth target in the [...]
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ANZ Sees limited Upside to Vietnam Growth Outlook for 2013
Vietnam’s economic growth remains far below potential, Australia and New Zealand Banking Group Limited (ANZ) said in a report, noting that it sees limited opportunities [...]
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Vietnam’s CPI in April likely to fall
The prediction model of the local Newswire NDHMoney showed that Vietnam’s consumer price index (CPI) in April may continue to fall, or see slight rise if the prices of [...]
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