Hanoi Times - EU Commission delegate held a press conference on 30th, May in Hanoi to release the latest commercial analysis of Vietnam economy, business and investment environment. At the press conference, the Ambassador of EC Mission to Vietnam, Sean Doyle said that EU had published “Green Book” 2008 on Vietnam economy, business and investment environment after one year of WTO accession. This report gives a general picture about challenges and opportunities of Vietnam and some solutions. EU is now the second biggest export market of Vietnam, accounting for 19% of Vietnam export value. Besides publishing the “Green Book” in form of CD room, the EC Mission to Vietnam also upload electronic version to website http://www.delvnm.ec.europa.eu./. … [Read more...] about EU issued “Green Book” of Vietnam economy 2008
Hanoi Times – Will Vietnam economy which known as an “emerging economy”, “new star” continue to tell its miraculous story as in the past years? In these days, there comes bad news from the economy. In the domestic market, inflation and gold price are on the rise. In contrast, the economic growth and stock market plunge. Besides, the world market is being staggered by the American financial crisis and the increasing prices of food and crude oil. All these have portrayed an overall and vivid picture of the economy. In fact, the difficulties facing Vietnamese economy in the first 4 months can be understandable when Vietnam intensively integrates into the regional and international market. Moreover, it is also a good chance for us to restructure the ineffective economic sectors which are not competent enough to compete in both domestic and international markets. Regarding the reasons of economic turmoil in the first 4 months of 2008, the Party’s … [Read more...] about A contemplation of Vietnam economy in “price storm”
Which Prospect for Vietnam Economy in 2009-2010 Period? How is the Vietnam economy in the 2009-2010 period? What are the economy’s impacts on local firms? These were questions discussed at a conference entitled “Prospect of Vietnamese economy and challenges faced by local businesses between 2009 and 2010” recently held by Business Forum Newspaper under the Vietnam Chamber of Commerce and Industry (VCCI) and the Vietnam Institute of Economics in Hanoi. Impacts Dr. Dang Xuan Thanh from the Institute of World Economics and Politics, said the world economic crisis have lasted 18 months and seriously influenced Vietnamese economy in medium and long term. The country has seen a sharp fall in economic growth, export turnover, foreign direct investment, tourist number and revenues and labor export. He added that, in the long run, Vietnam may cope with high risks of inflation, a low FDI inflow, slow recovery of global trade tiers and more fierce trade competition. … [Read more...] about Which Prospect for Vietnam Economy in 2009-2010 Period?
WB: Vietnam Economy Grows Only 5.2 Percent Vietnam’s economic growth will slow to 5.2 percent in 2012 as a result of the Government’s efforts to curb inflation, according to the updated World Bank (WB) economic report on East Asia and the Pacific. This figure is down from the 5.7 percent forecast at the mid-year Consultative Group meeting in May. The lender also predicted that the Vietnamese economy will pick up and reach 5.7 percent growth in 2013. In 2011, the Vietnamese economy expanded by 5.9 percent. The Asian Development Bank also cut its 2012 growth forecast for Vietnam last week from 5.7 percent to 5.1 percent amid the gloomy global economic outlook and domestic vulnerabilities. The WB says that investment growth in Vietnam has slowed down considerably as the country had been focused on fighting inflation over the past year. The report also noted that while most economies in the region saw a drop in exports, Vietnam and China experienced the reverse with … [Read more...] about WB: Vietnam Economy Grows Only 5.2 Percent
VietNamNet Bridge - Chairman of the Vietnam Fatherland Front (VFF) Nguyen Thien Nhan appeared on national TV channel VTV4’s Bizline program on Saturday night to talk about Vietnam’s economic achievements since the country’s independence 70 years ago. As a program of VTV4, a channel for foreign audience and overseas Vietnamese of the Vietnam Television (VTV), Bizline is conducted in English. In the latest Bizline show, Nhan spoke in English. In the show, Nhan was introduced as a senior official who has held many high-ranking positions in the Government in the 2007-2013 period and who is an experienced economic expert. Commenting on Vietnam’s economic growth in the last 70 years, especially since the Doi Moi (renovation) period in 1986, Nhan shared his personal stories: "I remember during that time when I came back from the army to teach at a university in 1983, most people were very happy to have a bicycle to go to work but today most people drive motorbikes and … [Read more...] about VFF Chairman speaks about Vietnam economy in English