Lenders still wary of state bonds

Local banks have yet to regain their appetite for government bonds.
highway to link northern cities

Highway to link northern cities

Deputy Prime Minister Hoang Trung Hai has ordered the completion of the Hanoi – Haiphong National Highway Project by 2013.
usd set to flood a parched market

USD set to flood a parched market

Following quasi-administrative measures, the stubborn forex market is to get a short, sharp shift.

Iron hand controls currency trades

Ha Trung street in Hanoi, coined gold and dollar street by local residents, where ordinary people normally came to trade gold and foreign currencies, suddenly became quiet last week.
vinashin pulling down banks

Vinashin pulling down banks

As foreign creditors wait to see how Vinashin will manage to return the first $60 million of its $600 million, credit rating agencies have expressed concerns over the banking market.
nghi son joint venture distributor approved

Nghi Son joint-venture distributor approved

Deputy Prime Minister Hoang Trung Hai has approved the in-principle establishment of a joint venture to distribute the products of the $6 billion Nghi Son Refinery and Petrochemical Complex.

Forex reserve fears still stalk economy

Despite the recent local currency depreciation, forex reserves are again triggering exchange rate stabilisation concerns.
dong depreciation move

Dong depreciation move

The State Bank has finally made it move to depreciate the local currency, a pre-emptive measure rather than addressing specific matters.
rates set for status quo

Rates set for status quo

Market interest rates are in line for a period of stability. According to Tran Du Lich, a member of the National Financial and Monetary Policy Advisory Council, Vietnam’s expected consumer price (CPI) index for 2010 would rise around 8 per cent against December, 2009.
yearly growth targets well within reach

Yearly growth targets well within reach

With credit expansion much slower than expected in the first half of 2010, the authority might be under pressure to boost monetary expansion in the second half to ensure the annual economic growth target.
pm khai set to leave economy in safe hands

PM Khai set to leave economy in safe hands

Vietnamese Prime Minister Phan Van Khai has officially asked for National Assembly permission to step down, after holding the government’s top position since 1997.

Six FIEs begin equitisation process

Prime Minister Phan Van Khai has given approval-in-principle to transform six foreign-invested enterprises into shareholding companies on a trial basis.
state land no longer for let

State land no longer for let

Right beside the National Cinema Centre, the grilled beef (bo tung xeo) restaurant on Thai Ha street is a favourite destination for all food lovers in Hanoi, not only for its tasty morsels of prime beef and fresh beers, but also for its location and large open-plan eating area.