Vietnam Economy RSS News Feed by Intellasia.Net

2009 inflation could range between 6.3-9.3pct, says specialist

Fri, 03 Jul 2009 14:32:55 PST

Dr Nguyen Duc Thanh, director of Policy and Economic Research Centre of Hanoi National University has released his economic analysis and forecast saying that the 2009 inflation could range between 6.3 and 9.3 percent.

H1 apparel exports unravel

Fri, 03 Jul 2009 14:30:32 PST

Vietnam Textile and Garment Association (Vitas) have announced that the country's textile export turnover in the first six months of this year was recorded at approximately $4 billion, down 4.7 percent year-on-year.

Leather shoe export to France increase by 1.6pct

Fri, 03 Jul 2009 12:12:12 PST

In Jan-June, Vietnam's leather shoes export turnover dipped 8.8 percent year-on-year, but that to France rose by 1.6 percent to $274 million.

Vietnam first-half growth at decade-low of 3.9pct

Fri, 03 Jul 2009 07:10:00 PST

Vietnam's economy grew at 3.9 percent in the first half of the year, the lowest level in a decade, but is on course to meet the government's full-year target, officials said Wednesday.

Opportunities amid the crisis

Fri, 03 Jul 2009 07:00:00 PST

Vietnam has come through the worst of the economic crisis and the trial has provided new opportunities, according to Vu Van Ninh, finance minister.

Economists upbeat on inflation

Thu, 02 Jul 2009 11:37:40 PST

At present, 50 percent of Vietnamese economy relies on the world's economy. Statistics showed that Vietnam would need a long time to regain a growth impetus and improve the growth quality.

Industrial production value of HCM City's FDI enterprises rises by 6pct

Wed, 01 Jul 2009 12:01:23 PST

HCM City Statistic Office has reported that in June, the industrial production value made by foreign invested companies touched 14,582 trillion dong, a month on month rise of 3.5 percent.

Vietnam's total retail sales and service turnover soars 20pct

Wed, 01 Jul 2009 12:00:34 PST

In the first six months, the country's total retail sales and service turnover reached 547.495 trillion dong, up 20 percent from 2008, reported Ministry of Industry and Trade.

Foreign tourists arrivals to Vietnam drop in Jan-Jun

Wed, 01 Jul 2009 09:06:42 PST

In June, total number of international tourists to Vietnam fell 4.7 percent month on month to over 279,000 arrivals, reported general Department of Tourism.

Worst period of Vietnamese economy over, says ANZ

Tue, 30 Jun 2009 13:57:37 PST

Vietnam's Q1 GDP grew by 3.9 percent year on year and Q2 growth surged 4.5 percent quarter on quarter. All GDP statistics of Vietnam could be publicised in this week, ANZ said.

2009 CPI expected to increase to 7.51 pct

Tue, 30 Jun 2009 13:50:18 PST

The National Centre for Socio-economic Information and Forecast (NCSEIF), under Ministry of Planning and Investment has predicted that there would be positive changes in Vietnam's economy in H2 of 2009.

42 provinces fail to attract FDI

Tue, 30 Jun 2009 13:47:51 PST

The report of Foreign Investment Department, Ministry of Planning and Investment released lately about attracting foreign direct investment (FDI) in the first half of 2009 showed that there were 42 provinces in the country that failed to attract foreign investors to pump capital in FDI projects there.

June car import reaches 6,000 units

Tue, 30 Jun 2009 10:21:59 PST

In June, 6,000 complete cars (or CBUs) worth over $90 million were imported into Vietnam, up 1,200 and $10 million in import value compared with 4,800 units worth $80 million in the previous month, reported general Statistic Office (GSO).

ODA aid reaches $1.783 billion

Tue, 30 Jun 2009 10:20:51 PST

Ministry of Planning and Investment has reported that total committed ODA aid reached nearly $1.783 billion from the year early to June 16, up 15 percent than $1.539 billion of H1 of 2008.

Hanoi's H1 total retail sales surges 19.3pct

Tue, 30 Jun 2009 10:19:52 PST

Hanoi's total retail sales and service turnover in June surged 1.1 percent month on month and 18.6 percent from last June, in which retail sales increased 1.2 percent, the city's Statistic Office reported.

Vietnam remains as the attractive investment destination

Mon, 29 Jun 2009 11:55:29 PST

Despite the current global economic crisis, Vietnam has still remained as an attractive destination for investment in the sector of food and beverage market, according to a market report conducted by "Research and Markets" website, an organisation that specifies in providing information and market research.

WB approves additional $350m to support Vietnam

Mon, 29 Jun 2009 11:39:38 PST

World Bank (WB) has approved the eighth poverty reduction supporting credit package of $350 million to support Vietnam for overcoming the negative effects from the world economic crisis by continuing implementing the government's economic stimulus packages.

Inflation risk re-occurs

Mon, 29 Jun 2009 11:32:15 PST

Although the economy showed the positive signals in the first half of this year, economists said that inflation is appearing again.

FDI slump as economic reality bites

Fri, 26 Jun 2009 13:36:05 PST

With nearly $72 billion newly-registered foreign direct investment (FDI) in 2008, only $4 billion has been disbursed in the first six months.

WB3 programme lagsWB3 programme lags

Fri, 26 Jun 2009 13:13:50 PST

Although just undergoing a half of construction time, many targets of World Bank funded rural road project (WB3) will have to be re-adjusted.