(MPI Portal) - Minister, Chairman of the Government Office Vu Duc Dam chaired the Government's Regular Press Conference to announce some key contents of the Government's regular meeting of May, 2012 on May 28th 2012 in Hanoi. Speaking at the press conference, Minister, Chairman of the Government Office Vu Duc Dam said, the Government meeting of May 2012took place on May 27th in Hanoi, under the chairmanship of Prime Minister Nguyen Tan Dung. The government focused on discussion, deep analysis about the socio - economic status in May and the first 5 months of 2012. Socio - economic development is on track. The measures to curb inflation and stabilize macro-economy continues to promote efficiency. Consumer price index (CPI) declined considerately, only up 0.18% over the previous month and up 2.78% over the end of 2011. State Bank boosted process of interestrate reduction which contributed to market confidence. Liquidity of the banking system is getting better. Some other achievements … [Read more...] about Government’s Regular Press Conference in May 2012: The socio – economic situation in the first 5 months of 2012 shows positive changes.
5 goals of foreign policy
VietNamNet Bridge - One of the highlights of the Vietnamese foreign policy in 2012 is promoting and deepening the relationships with key strategic partners, upgrading diplomatic relations with important partners, promoting substantive economic relations with other countries and regions. After many official visits since taking office, President Truong Tan Sang chose Russia as the first destination in Europe (July 2012). The visit became the focus of the national and international media because it contained new elements, bringing the diplomatic relations between the two countries to the new page. … [Read more...] about The stamp of Vietnam’s foreign policy 2012
The 70-day Journey Of Foreign Exchange Policy By Hai Ly Since its revision on February 11, the foreign exchange policy has been on the right track. As a result, less than 70 days since the effective date of the new policy, the wild rate on the unofficial market has been tamed to approach the list price offered by commercial banks. Undoubtedly, the State Bank is putting the foreign exchange market under its control. What follows is how to maintain that grip. According to reports by credit institutions, as of April 14—one day after the annual 3%-interest cap was applicable to individual depositors—they began to buy cash in U.S. dollars at list price. Each day, a big bank might manage to buy cash worth millions of U.S. dollars while smaller ones bought hundreds of thousands of U.S. dollars. Also, each transaction might amount to thousands of U.S. dollars, and a considerable part was from U.S. dollar-denominated savings on expiry. After selling their U.S. dollars for dong, many … [Read more...] about The 70-day Journey Of Foreign Exchange Policy
Republican presidential candidate Mitt Romney delivered a sweeping critique on Monday of President Barack Obama's handling of threats in the Middle East, saying Obama's lack of leadership had made the volatile region more dangerous. … [Read more...] about Romney casts Obama’s foreign policy as weak, dangerous
Need to be highly selective about foreign investment dawns on Vietnam After more than two decades, the hype about wonders wrought by foreign direct investment is being replaced, at least partially, by the sober reality of their actual impacts. Now, experts are saying that a strong inflow of foreign direct investment (FDI) is not necessarily a blessing if the technological gains are not worth the environmental risks. Bui Tat Thang of the Development Strategy Institute in Hanoi said the biggest disappointment with FDI projects is the very little technology transfer that has benefited Vietnam. Foreign investors tend to keep their technologies secret while local authorities are not fully aware of the importance of technology transfer and have not demanded it, he said at a conference in Hanoi last week. Thang also warned that not all foreign investors are financially strong. Some of them actually disbursed only a small portion of their registered capital, trying to raise … [Read more...] about Beware of foreign direct investment traps: experts