Economy
Trade deficit balloons 60% to US$11b of exports
The total import spending in the first four months of 2008 is estimated at US$29.36 billion, rising by over 70% year-on-year, reported yesterday the Ministry of Industry and Trade. Therefore, with the export turnover of US$18.28 billion in the period, Vietnam's trade deficit was about US$11.07 billion due to increasing purchase power and sudden rises in prices of petroleum, steel, chemical, and equipments machines.
May 8, 2008 - 7:10:00 AM
Economy
World growth still strong but inflationary risks significant: Trichet
Global growth is still strong owing to the resilience of emerging markets but inflation risks are significant, European Central Bank chief and G10 spokesman Jean-Claude Trichet said on Monday.
May 7, 2008 - 7:00:00 AM
Economy
Deepening economic woe
Economic data in April confirmed our fears that the inflation and trade deficit in Vietnam continued to worsen. Policy efforts have so far failed to reign in prices and the investment-driven surge in imports. The market shows little faith in how the economy is being managed and has priced in about 5% depreciation in the Vietnam dong by yearend.
May 5, 2008 - 7:06:03 AM
Economy
HCM City's export value surges 34.6%
Ho Chi Minh City 's export value soared 34.6% to US$7.48 billion in the first four months of the year.
May 5, 2008 - 7:00:00 AM
Economy
International visitors to Saigon reach 1m
HCM City welcomed over 1 million foreign tourists in the first four months of this year, a rise of 18% over the same period last year.
May 5, 2008 - 7:00:00 AM
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