The industrial production index went down in November with the decline of both mining and manufacturing industries. This is a big surprise in the context of stable global and domestic demand. Industrial production index The processing and manufacturing industries also decreased by 1.1 percent in November, forcing the growth rate in the first 11 months down to 6.5 percent, lower than the 11 percent growth rate in the first 10 months. The processing and manufacturing industries also decreased by 1.1 percent in November, forcing the growth rate in the first 11 months down to 6.5 percent, lower than the 11 percent growth rate in the first 10 months. Investment capital disbursement Bank liquidity fluctuates Le Ha Vietnam among top in footwear production Vietnam the third-largest country in the world in terms of footwear production, conference hears. Will Foxconn's expansion lead to iPhone production in Vietnam? The expansion of Foxconn's investment in Vietnam may lead … [Read more...] about Vietnam’s industrial production unexpectedly slips
Fed rate hike when
Public investment remains uncontrolled, like a restive horse
The main reason for amending the Public Investment Law is ‘difficulty in the implementation’. Is this true? Pressure has been put on the Ministry of Planning and Investment (MPI), the agency in charge of managing public investment capital. Just three years after the 2014 Public Investment Law took effect, it has to propose to the National Assembly to amend the law because of ‘difficulties in the implementation’. The law faces a lot of criticism as it sets new complicated procedures which place difficulties on central and local agencies. It is believed to be the reason behind the low disbursement rates which have adverse effect on economic development. However, the explanation proves to be unconvincing. The disbursement of public investments in Vietnam, before and after the Public Investment Law took effect in 2015, has never been lower than planned. The disbursement rate is low, but the figure for all the year is always higher than the figures approved by the … [Read more...] about Public investment remains uncontrolled, like a restive horse
Thua Thien – Hue urged to boost green, sustainable development
After listening to reports and assessments on the province’s situation, the top legislator recognized the province’s average growth rate of 7.2 percent per annum, which was 6.87 percent in the first half of 2019, higher than the national average of 6.76 percent. National Assembly Chairwoman Nguyen Thi Kim Ngan speaking at the working session Although the province’s economy is still small and its budget revenue remains modest, developed tourism services, with an expansion of 6.37 percent and the tourist number of 2.49 million in the six months, have helped per capita income in Thua Thien - Hue rank fourth in the Central region, after Da Nang city, Khanh Hoa and Binh Thuan provinces. Ngan also spoke highly of Thua Thien - Hue’s performance in ensuring social welfare, expanding health coverage to 98 percent of its population, and protecting the environment, which can been seen through the “Green Sunday” and “Say no to plastic bags … [Read more...] about Thua Thien – Hue urged to boost green, sustainable development
PM promises 5-7 per cent corporate income tax cuts at GMS Summit
Prime Minister Nguyen Xuan Phuc at the sixth GMS Summit “We have been working to meet our commitments to protect intellectual property rights, innovative ideas, and the inventions of startups. We will continue to boost tax policy reforms and corporate income tax will be decreased to 15-17 per cent from the current 20-22 per cent,” stated Prime Minister Nguyen Xuan Phuc at the sixth Greater Mekong Subregion (GMS) Summit. At the summit, the PM said that in 2017, Vietnam continued to maintain one of Asia’s highest economic growths, with inflation controlled at 3.5 per cent. The country’s interest and exchange rates remained stable, trade turnover reached a record $425 billion, and foreign reserves have exceeded $60 billion. According to the World Bank, Vietnam’s Ease of Doing Business Index last year jumped 14 places to stand 68th among 190 economies. The World Economic Forum (WEF) placed Vietnam’s Global Competitiveness Index (GCI) at 55th out of … [Read more...] about PM promises 5-7 per cent corporate income tax cuts at GMS Summit
KPMG No.1 in Source Global Research 2019 Financial Services report
KPMG improved remarkably on its weaker points since 2018 to take the pole position in Source Global Research’s 2019 Financial Services report A rise of eight points compared with its 2018 performance in the survey placed KPMG squarely at the top of the table and marked the biggest uptick in client opinion of individual firms in the period. Every year, Source Global Research asks senior end-users of consulting firms to rate the quality of consulting firms' work in 13 different financial services specialisms. KPMG came first in business strategy, financial management, risk management, regulatory-driven work, and robotics, as well as working with legacy technologies and managing non-digital transformations. The firm also ranked in the top three for taking advantage of artificial intelligence, data and analytics, operational improvement, and sales and marketing consulting, including customer experience. The firm also ranked in the top three for taking advantage of artificial … [Read more...] about KPMG No.1 in Source Global Research 2019 Financial Services report
