|
Dr. Le Duc Thuy, the Chairman of Vietnam’s Finance and Monetary Policy Oversight Committee, advocates continued but more narrowly focused demand stimulus for some time into 2010. Meanwhile, the Vietnam representative of the ADB, Ayumi Konishi, said that if the Government opts for a ‘second stimulus package,’ it should be reduced in scope and more [...]
A hundred businesses in Ho Chi Minh City will submit their tax declarations via the Internet, said the Ho Chi Minh City Taxation Department. The pilot project will last until the end of the year. A tax office in HCM City. Businesses will save time and costs by submitting tax declarations via the Internet (Photo: [...]
Though the State Bank of Vietnam has sounded the alarm about overheating real estate credit, Tuoi Tre reports that commercial banks in HCM City continue to pour trillions of dong into real estate projects. On July 23, Sacomreal, the real estate arm of SacomBank, signed a strategic cooperation agreement with Lien Viet Bank. Lien Viet [...]
The Ministry of Planning and Investment, though optimistic about the attraction of foreign direct investment (FDI), has identified seven problems in FDI attraction. The mid term report reviewing the implementation of the 2006-2010 socio-economic development strategy released by MPI’s project on supervising and supporting socio-economic development showed that the registered and implemented FDI capital boasted [...]
Vietnam’s young stock market made a big leap in the second quarter 2009. Looking ahead, investors are of two minds. On one hand, they are optimistic about domestic recovery, but on the other, they fear return of high inflation and a tightening up of bank credit to would-be securities investors. Is credit tightening, or just [...]
Local firms have been quick to spot the rich potential of the United States and other foreign markets. Vietnamese companies are taking advantage of the global economic recession to expand outbound investments in developed countries to strengthen their international market positions. Figures from the Ministry of Planning and Investment’s (MPI) Foreign Investment Agency (FIA) show [...]
Though the national economy has fallen into difficulties, forcing a lot of businesses to scale back production, the number of newly-registered businesses has been increasing sharply, not only in big urban areas, but even in mountain regions. Nationwide, 40,000 new business enterprises were registered in the first six months of 2009, 14 percent more than [...]
In contrast to the overall economy’s growth, investment in the agricultural and rural sector has been falling off in recent years. In 2000, the agricultural sector accounted for 14 percent of the total economic investments and 16 percent of the non-State sector. However, in 2007, total investment capital reached more than VND520,000 billion but investment [...]
Vietnam still cannot earn much money from fruit exports, not because it lacks orders, but because it does not have enough fruit of the necessary quality. Not enough quality fruit to fulfill export contracts Luc Ngan litchis before being shipped to China In the north, litchi and longan are considered the two kinds of fruit [...]
WASHINGTON.- Nhân vật số 2 của đảng Dân Chủ tại Hạ Viện liên bang cho biết có hi vọng kế hoạch kích thích kinh tế mới có thể được thông qua trong nửa đầu Tháng Hai. Dân Biểu Steny Hoyer của Maryland tuyên bố trong ngày Chủ Nhật 4 Tháng Một, là phỏng đoán theo [...]