IMF slashes world growth forecast

IMF slashes world growth forecast

The International Monetary Fund on Tuesday slashed its forecast for world economic growth, warning the weight of the eurozone crisis threatens to capsize the global recovery.
Harnessing the spirit of enterprise

Harnessing the spirit of enterprise

In the five years since Vietnam’s accession to the World Trade Organization, the country has reaped a bumper harvest.
Local and global economies offer very little warmth

Local and global economies offer very little warmth

The global economy is experiencing an increasingly tough time, with the impact of public debt storm in Europe reaching leading developing countries which are no longer the pillars of global growth.
Gold fever proves contagious

Gold fever proves contagious

"Wall Street could easily press the gold price back to $1,200-$1,500, draining China’s reserves, as it did to OPEC countries when the gold price fell from $850 to $200 after the energy crisis of 1979"
Is the Asian century upon us?

Is the Asian century upon us?

An Asia producing over half of global GDP? Three billion Asians considered part of the “rich world” by 2050? A dream? Or a plausible reality?
Level 3 buying Global Crossing in $3 bn deal

Level 3 buying Global Crossing in $3 bn deal

Internet provider Level 3 Communications announced Monday it is acquiring networking company Global Crossing in a stock deal valued at $3 billion, the latest consolidation in the telecom sector.
Central bank strives for stable macroeconomy

Central bank strives for stable macroeconomy

What is the central bank’s mission for 2011 after last year’s forex rate and interest rate troubles? Dr Le Xuan Nghia, Vice Chairman of the National Financial Surveillance Commission, shares his views with VIR.
Stability key for foreign investors

Stability key for foreign investors

Vietnam has accomplished much in the way of socio-economic reform since the official launching of doi moi policy in the late 1980s. Here, Chris Kamm, President of Kamm Investment Inc. gives his analysis of Vietnam’s investment policies and warns of the danger of unmonitored capital inflows, illegal trading and fraud.
Vietnam meets global challenge

Vietnam meets global challenge

“Having a reform mindset is the first step for Vietnam. Economic growth must shift from quantitative to qualitative.”
PM highlights development strategy for 2011-2020

PM highlights development strategy for 2011-2020

Vietnamese Prime Minister Nguyen Tan Dung has written an article about major contents of the draft socio-economic development strategy for 2011-2020 period as well as top priorities for 2011. The following is the full article.
Oil demand, supply rise, OPEC flush with spare capacity: IEA

Oil demand, supply rise, OPEC flush with spare capacity: IEA

Global demand for oil is stronger than expected as the northern hemisphere ends the year in an icy grip, the IEA said on Friday, raising its estimate for demand in 2010 by 130,000 barrels per day to 87.4 million barrels per day.
It’s not a good time to buy gold now, experts say

It’s not a good time to buy gold now, experts say

Gold traders were hesitate on investing more in the precious metal as the physical gold carried high risk of losses in the last two weeks, analysts said.
Adapting to Climate Change

Adapting to Climate Change

A recent study by the East Meets West Foundation shows that climate change adaptation, sustainable development and disaster risk management need to go hand-in-hand.
Driving into a New Era

Driving into a New Era

The United Nations Climate Conference in Copenhagen (COP15), where 15,000 officials, advisors, diplomats, campaigners and media representatives from nearly 200 countries will meet, is one of the most significant gatherings in history.
A matter of global customs

A matter of global customs

Cross-border trade is growing significantly as Vietnam integrates more deeply into global markets. While some firms complain about red tape, Grant Thornton Vietnam’s Ronald Parks and Nguyen Truong Hiep offer some sound advice.
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