bank of england chief warns of choppy recovery

Bank of England chief warns of 'choppy' recovery

Bank of England has said a surprise slump in economic growth in the last quarter of 2010 pointed to a "choppy" recovery and voiced concern over "uncomfortably high" inflation.
oil turns higher on chinese economic surge

Oil turns higher on Chinese economic surge

Oil prices turned higher in Asian trade Friday as market sentiment was buoyed by strong Chinese economic growth last year, analysts said.
businesses low on confidence

Businesses low on confidence

Rising inflation and difficulty in accessing credit have led to a drop in confidence among Vietnam’s businesses, raising concern over economic growth this year.
economy set to cool in 2011 after red hot 2010

Economy set to cool in 2011 after red hot 2010

Vietnam will look to spell out more stable economic growth in 2011 after the year of being heated by gold and US dollar prices.

Crude prices soar in Asian trade

Crude prices resumed their rally in Asian trade on Thursday after hitting fresh two-year highs the day before as the US hiked its economic growth figures and oil stockpiles fell, analysts said.

Wall Street edge higher as banks rally

Wall Street closed higher on Wednesday, pulled up by financial stocks after US economic growth estimates were revised upwards and data showed the beleaguered housing market was faring better.
vietnam finland to cooperate on clean technology

Vietnam, Finland to cooperate on clean technology

Finland, which has succeeded in combining economic growth with clean technology, especially in treating wastewater and producing renewable energy, wants to strengthen cooperation with Vietnam on clean technology, said Finnish Ambassador to Vietnam Pekka Hyvonen.
us stocks post solid gains on upbeat data

US stocks post solid gains on upbeat data

US stocks closed Friday with solid gains at two-year highs as investors welcomed a surprise narrowing of the trade deficit that raised hopes of a boost to economic growth.
eurocham calls for change

EuroCham calls for change

EuroCham is encouraging Vietnam to  improve its business climate and not rest on its laurels.

Corporate governance of SoEs requires prudential reforms

Building a mechanism to enhance corporate governance of state-owned enterprises (SoEs) and groups should be based on real lessons to accelerate business reform and economic growth, said Tran Tien Cuong, director of the Central Institute of Economic Management (CIEM).
negative indicators sparking concerns

Negative indicators sparking concerns

“High budget overspending is expected to last during the coming years because the government continues to apply a loosened fiscal policy to support the economic growth”

IMF downgrades global growth outlook

The International Monetary Fund cut its expectations for world economic growth this year and next to 3.0-4.0 per cent on Thursday, but also praised a new funding strategy by the US Federal Reserve.
socio economic growth on a roll

Socio-economic growth on a roll

Vietnam has struck socio-economic jackpots in 2010, proving a winning ticket for robust development next year.

Crisis will have long-term impact on growth: ECB director

ROME, October 14, 2010 (AFP) - A top European Central Bank official warned on Thursday that the global financial crisis will have a long-term impact on economic growth and said traditional remedies were not enough.
three pillars set to stabilise momentum

Three pillars set to stabilise momentum

The government will underscore three vital tasks for next year’s socio-economic development.