Credit growth reduction this year meant to lessen trade deficit
The State Bank of Vietnam is to lower credit growth to 20% or less, in an attempt to reduce the trade deficit.
Japan helps build power plant in Ha Giang
The Nippon Export and Investment Insurance of Japan will provide USD50 million as Overseas United Loan Insurance to Vietnam to build a hydro-power plant.
CPI soars in Vietnam’s two biggest cities
The consumer price index, from January to February, in Hanoi and HCM City increased by 1.98% and 1.61% respectively.
Digging deep for rare earths
A big Japanese investor will prospect for rare earths in Vietnam’s northwestern Lai Chau Province.
Government to take urgent steps to stabilise macro-economy
Reducing Vietnam's aggregate demand is one of the measures which the Government will adopt to restrain inflation and stabilise the macro-economy.
Vietnam combats petroleum trade fraud
Vietnam will set up hotlines to deal with the problem of petrol stations with unlawful business practices.
Euro eases as market muted on G20 deal
The euro eased against the dollar in Asia on Monday after rising on speculation of a near-term interest rate hike in Europe.
Government approves power price hike of 15.28%
Prime Minister Nguyen Tan Dung has approved a power price increase of 15.28% beginning March 1, 2011.
Car importers knocked sideways by forex rates
The local currency’s devaluation spells bad news for car importers in coming months.
Japan to help boost Vietnam's natural rubber production
Japan's International Co-operation Agency will help Vietnam to improve the country's rubber industry, which will help reduce the nation's greenhouse emissions.
Government submits supplementary economic report
The State budget overspending in 2010 stood at VND109.4 trillion (USD5.28 billion), equal to 5.6 percent of GDP, according to the Government’s report.
Petrolimex fears interrupted petroleum supply
The difficulties in accessing foreign currency have raised the worry that the petroleum supply may be interrupted.
Prices escalating on exchange rate adjustment
Afterthe depreciation of the dong by 9.3 percent, the prices of many essential goods such as gas, steel and dairy products have increased sharply.
USDA delays decision on catfish inspections
The US Agriculture Department has delayed a decision on a new Asian catfish inspection program.
G20 finance chiefs meet on global imbalances
G20 ministers gather in Paris Friday to hammer out common criteria for measuring global economic imbalances at a two-day session.
Vietnam banker seeks lower credit growth goal
Vietnamese central bank governor has recommended that the government slash its credit growth target to under 20% from the current 23%.
Vietnam mulling over fixed-term ownership of apartments
The move is expected to foster upgrades of old and neglected apartment buildings, but some say the model may not work.
New York oil rebounds amid Middle East jitters
Oil prices in New York sharply rebounded in volatile trade once again dominated by concerns about spreading unrest in the oil-rich Middle East.
Companies under the hammer
Production firms are struggling to stay afloat amid rising exchange rate and raw material input costs.
Vietnam raises refinance rate 200 bps to 11 pct
Vietnam raised its refinance rate by 200 basis points to 11% a move than comes amid calls for more decisive steps to curb double-digit inflation.
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