56 per cent of EU businesses plan to expand in ASEAN
October 09, 2020 | 10:15
56 per cent of EU businesses plan to expand operations in ASEAN, according to the sixth Business Sentiment Survey by the EU-ASEAN Business Council.
Inflation bites at growth
March 31, 2008 | 17:58
High inflation has left its imprint on Vietnam’s economic growth this year. Ministry of Planning and Investment (MPI) statistics reveal that the economy grew by 7.43 per cent over the past three months, down from the 7.8 per cent growth recorded in the first quarter of 2007.
Expanded forex trading band fires up the dong
December 31, 2007 | 18:10
The Vietnamese dong is appreciating against the US dollar after the State Bank expanded the forex trading band last week. The central bank expanded the band by +0.25 per cent to +0.75 per cent from December 24, a year after conducting similar increases.
Economic engine is humming along nicely
December 25, 2007 | 17:58
Ho Chi Minh City is lifting the bar on its socio-economic growth targets for 2008. The city’s people’s council has targeted a gross domestic product (GDP) growth rate of 12.7-13 per cent for 2008 against 12.6 per cent in 2007.
Outward looking consumers
October 02, 2007 | 18:21
Vietnamese consumer trends have shifted on the back of youth retail sales and expanded product ranges. A recently-released Taylor Nelson Sofres Vietnam (TNS) Media Company study revealed that Vietnamese modern trade sales grew by a humble 12 per cent in 2006 and keep growing substantially and soon to get nearer to the point of China’s 51 per cent.
Foreign stake holdings of banks capped
July 13, 2006 | 18:13
The State Bank of Vietnam has fixed the total portion of stakes held by foreign institutional and individual investors in both non-listed and listed local commercial banks at 30 per cent of a joint stock bank’s chartered capital, rather than lift it to 49 per cent as previously drafted.
MPI shoots for modest target
October 17, 2005 | 18:01
Vietnam could reach an economic growth rate of 8.4 per cent this year, but considering land prices and other market factors, the Ministry of Planning and Investment has proposed a goal of 8.0 per cent for 2006 as part of its upcoming socio-economic plan.
PM clips state officials’ wings to lift economy
July 25, 2005 | 18:02
Government officials have been ordered to stay at home and focus on steering the economy towards achieving 9.3 per cent economic growth for the second half of 2005, in a bid to achieve the year’s targeted 8.5 per cent growth rate.
Donors laud nation’s economic progress
June 06, 2005 | 17:41
The Ministry of Planning and Investment reported Vietnam attained encouraging social and economic results in 2005, including export earnings growing by 20 per cent and incoming tourists increasing by 22 per cent over the same period last year.
MPI: economy to grow 7.7 per cent
June 29, 2004 | 17:42
Vietnam’s economic growth is expected to hit 7.7-8 per cent in the second half of this year despite June’s record high consumer price index. The economy is projected to expand by 7.5 per cent over the entire year, given that GDP recorded around 7 per cent growth in the first six months, according to the Ministry of Planning and Investment (MPI).
Brewing giant thirsty for investment options
April 05, 2004 | 17:42
Anheuser-Busch International Inc. (ABII), the world’s biggest brewer with more than 50 per cent market share in the US and 12 per cent globally, is looking for investment opportunities in Vietnam, a senior executive has revealed.
Tax increases fuel car, beer price hikes
January 05, 2004 | 17:42
Tax increases effective from January 1 have resulted in a price rise for automobiles and beer that may affect sales.According to an industry source, the price of automobiles and canned beer has increased by more than 20 per cent and 10 per cent respectively as a result of amendments to special consumption tax (SCT) and value-added tax (VAT).
State upbeat on ambitious economic goal
October 28, 2003 | 17:43
VIETNAM aims to achieve robust economic growth of 7.5 to 8 per cent next year, higher than the 7 per cent estimated by international experts.Achieving such a rate was a big task, the government admitted, but said it would strive to fulfil the average annual 7.5 per cent growth target set in the five-year plan to 2005.
Import tariff jump drives up automobile prices
September 09, 2003 | 18:04
Vietnam’s higher tariffs on auto part imports, up by 5 per cent from early last week, have forced local auto makers to raise prices. To spur automakers to make vehicle parts in Vietnam rather than import them, the government from September 1 raised tariffs on auto part imports from 20 to 25 per cent.
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