Economy in Vietnam

  • Global growth will be disappointing in 2016: IMF's Lagarde

    AFGHANISTAN, 2016/01/02 World economic increase will be disappointing next year and the outlook for the medium-term has as well deteriorated, the chief of the International Monetary Fund said in a guest article for German newspaper Handelsblatt published on Wednesday. IMF Managing Director Christine Lagarde said the prospect of rising interest rates in the United States and an economic slowdown in China were contributing to uncertainty and a higher risk of economic vulnerability worldwide. Added to that, increase in world trade has slowed considerably and a decline in raw material prices is posing problems for economies based on these, while the financial sector in a lot of nations still has weaknesses and financial risks are rising in emerging markets, she said.

  • APEC economies growth slows to 3.1 pct in Q2

    BRUNEI , 2015/11/18 Increase among the 21 Asia-Pacific Economic Cooperation (APEC) economies softened to 3.1 % in the second quarter of 2015, down from 3.2 % in the initial quarter and 3.4 % a year ago, according to an APEC economic analysis released on Tuesday. The statement said the increase slowdown reflected the prolonged weakness in world economic activity as the modest recovery in advanced economies was matched by a general slowdown in emerging market economies. The moderation in GDP levels could be attributed to declining investments and lacklustre exports, according to the statement. "Economies across the Asia-Pacific continue to grow but find themselves in a holding pattern of lower increase in the absence of high trade volumes," said Alan Bollard, Executive Director of the APEC Secretariat.

  • Revised IMF forecasts signal gloom on global economic outlook

    AFGHANISTAN, 2015/01/20 Low oil prices will not provide a sufficient updraught to dispel the clouds hanging over the world economy, the International Monetary Fund said on Tuesday. In a sign of its increasing gloom about the medium term economic outlook, the IMF cut its world economic increase forecasts by 0.3 % points for both 2015 and 2016, despite believing cheaper oil represents a “shot in the arm”.

  • Vietnam's Economic Growth To Remain Weak In Long-Term

    VIETNAM, 2013/07/13 The Vietnamese economy is set to record weaker increase this year and the next, intensifying the request for further loosening of monetary and fiscal policies, a statement from the World Bank said Friday. The statement said that the economy is facing may downside risks, inclunding that of stoking inflationary pressures and reversing the recent gains in macroeconomics stability. As well, delayed implementation of structural reforms could undermine investors' confidence and worsen increase prospects further.

  • Vietnam to hike power prices by 5pct from Dec 22

    VIETNAM, 2012/12/22 Vietnam will witness the second power price hike of this year as of December 22, 2012, with prices set to go up by 5 %, according to a Ministry of Industry and Trade circular released on Thursday. The average power price will thus rise to VND1,437 a kWh from VND1,369, excluding price-added tax. However, the price will remain unchanged at VND993 per kWh for the first 0-50kWh for poor households.

  • Liberalising Vietnam's securities market 2012-09-12

    VIETNAM, 2012/09/12 Foreign investors have been able to all own Vietnam domestic securities companies as from 15 August, under a new decree issued by the government.

  • Vietnam’s troika leadership seeks balance

    VIETNAM, 2011/03/26 This May, Vietnam’s National Assembly will confirm the selection of a new executive ‘troika’ to guide the country’s development for the next years.
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