The Hanoitimes - The inflation target of under 4% in 2018 would be achievable if there is no major change in energy prices in the fourth quarter. Vietnam's GDP is projected to reach over 6.8% in 2018, however, internal and external risks are going to have significant impacts on the country's long-term prospect, according to the Vietnam Institute for Economic and Policy Research (VEPR). Overview of the VEPR's workshop. Source: Ngoc Thuy. Vietnam's economy in the third quarter expanded 6.88% year-on-year, leading to the overall growth of 6.98% in the January - September period, the best nine-month performance since 2011, stated Nguyen Duc Thanh, VEPR's director. "Vietnam is on track to reach and even exceed the growth target of 6.7% set by the National Assembly for the entire year," Thanh said at the launch of VEPR's quarterly macroeconomic report on October 10. In the long term, the Vietnamese economy will receive multi-dimensional impacts from … [Read more...] about Vietnam’s economic growth is on track but risks for long-term prospect remain
Long term partner
India continues VN’s faithful, long-term partner
Deputy PM, FM Pham Binh Minh and Indian FM Sushma Swaraj co-chair the 16th meeting of the Viet Nam-India Joint Committee on Economic, Commercial, Scientific and Technological Cooperation, Ha Noi, August 28, 2018 - Photo: VGP/Hai Minh Deputy PM, FM Pham Binh Minh and Indian FM Sushma Swaraj on August 28 co-chaired the 16th meeting of the Viet Nam-India Joint Committee on Economic, Commercial, Scientific and Technological Cooperation. At the press conference after the meeting, Deputy PM Minh said that the two sides effectively and practically exchanged and proposed measures to boost Viet Nam-India Comprehensive Strategic Partnership more intensively across all fields. He supposed that the maintenance of high-ranking delegation exchanges have manifested high political trust. The two sides agreed to strengthen delegation exchanges at all levels and accelerate current dialogue mechanisms as well as highly spoke of … [Read more...] about India continues VN’s faithful, long-term partner
Long-term capital shortage the key bottleneck in economic growth: forum
Long-term capital shortage the key bottleneck in economic growth: forumBy Hoang Khang Deputy Prime Minister Vuong Dinh Hue speaks at the Vietnam Economic Forum taking place in Hanoi on August 21 – PHOTO: VNE HCMC – Speakers at the Vietnam Economic Forum taking place in Hanoi today drew attention to the shortage of long-term capital, saying it is the main bottleneck in the country’s economic development and urging the Government to have policies to address the issue. The forum comprised of two sessions, with the first one discussing solutions to restructure Vietnam’s financial market and the second one looking for ways to bring into play private resources to rev up the country’s economic growth. The event featured high-profile speakers including Deputy Prime Minister Vuong Dinh Hue, Deputy Governor of the State Bank of Vietnam Nguyen Thi Hong, representatives of ministries, financial institutions such as the World Bank and the Asian Development … [Read more...] about Long-term capital shortage the key bottleneck in economic growth: forum
Prudential commits long-term investment in Vietnam
Prudential Vietnam has got approval from the Ministry of Finance to increase its chartered capital to 4,128 billion VND (around 181.8 million USD)(Source: laodongthudo.vn) Hanoi (VNA) - Prudential Vietnam has got approval from the Ministry of Finance to increase its chartered capital to 4,128 billion VND (around 181.8 million USD). The move affirmed the company’s commitment to make long-term investment in the Vietnamese market. Besides strengthening the company’s financial capacity, the additional capital will also enable Prudential Vietnam to further improve its products and services and expanding its reach across the country. In recent years, Prudential Vietnam has actively expanded its business activities and recorded strong growth. In 2017, it reported revenues of 16,019 billion VND (some 705.7 million USD), an increase of 20 percent year on year. It paid out 6,261 billion VND (275.8 million USD) in insurance settlements last year. The company’s total … [Read more...] about Prudential commits long-term investment in Vietnam
Central Highlands develops long-term industrial crops
The Central Highlands is considered a key region of coffee nationwide with Dak Lak making up more than 40 percent in the region and 30 percent in the country (Photo: VNA) Dak Lak (VNA) – Central Highland provinces are expanding the cultivation of long-term industrial crops to promote socio-economic development and improve the living standards of ethnic minority people. Statistics showed that the region has 1.12 million hectares of long-term industrial plants, making up more than 53 percent of total crop growing area, including 582,149 hectares of coffee, 251,348 hectares of rubber and 85,000 hectares of pepper. Dak Lak accounts for nearly 29 percent of the region’s long-term industrial crop area, followed by Lam Dong, Gia Lai, Dak Nong and Kon Tum. The Central Highlands is considered a key region of coffee nationwide with Dak Lak making up more than 40 percent in the region and 30 percent in the country. Annually, the province harvests about 450,000 tonne … [Read more...] about Central Highlands develops long-term industrial crops