Vietnam Consumer Confidence Index to be launched next week Hong Phuc By Hong Phuc - The Saigon Times Daily HCMC - ANZ Vietnam Bank and Roy Morgan Research will launch the Vietnam Consumer Confidence Index (Vietnam CCI), a key indicator reflecting the health of an economy, this month. The CCI for June will come out next week. Vietnam CCI is designed to show the degree of optimism which consumers express through their savings and spending. A rise in consumer confidence indicates better economic growth while a fall of the index shows consumers tighten their spending. There are other major economic indicators such as the Purchasing Managers Index (PMI) which reflects the health of the manufacturing sector; the Producer Price Index (PPI) which indicates domestic producers’ input prices; the yield curve which is a line that plots interest rates, at a set point in time, of bonds having equal credit quality but differing maturity dates; and the Employment Cost Index (ECI) which … [Read more...] about Vietnam Consumer Confidence Index to be launched next week
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Vietnam & Japan elevate comprehensive cooperation ties
PM Nguyen Xuan Phuc wished to boost further cooperation relations between the two countries for peace, stabilization, cooperation and development in the Asia- Pacific region. The Special Advisor to the Japanese Prime Minister congratulated the successful APEC Vietnam Week.Additionally, he stressed that the country wanted to deepen the comprehensive friendship and cooperation ties with Vietnam in the multifaceted sectors. BY PHAN THAO- Translated by Huyen Huong … [Read more...] about Vietnam & Japan elevate comprehensive cooperation ties
Vietnam at third at first Asian petanque tourney
Vietnam finished third at the first Asian Boules Sport Confederation Petanque Championship in Thailand with two silvers and one bronze. Nguyen Thi Thi grabs a bronze medal at the Asian Boules Sport Confederation Petanque ChampionshipThe Vietnamese team came second in the women’s triple event, losing to Thailand 1 in the final match on December 11 – the last day of the tournament.Thailand 2 and Malaysia shared the third position.The Vietnamese squad also grabbed a bronze in the junior triple event.On December 10, Huynh Cong Tam earned a silver in the men’s shooting event. He lost 31-43 to Sarawut Sriboonpeng of the hosts.His teammate Nguyen Thi Thi claimed a bronze in women’s shooting. She was defeated 34-36 in the semifinals by No, 2 seed Phantipha Wongchuyej of Thailand.Thailand topped the overall ranking with three golds, two silvers and one bronze. Cambodia came second with three gold and two bronze medals.-VNA … [Read more...] about Vietnam at third at first Asian petanque tourney
Vietnam People’s Army celebrates anniversary with foreign guests
At the event, Senior Lieutenant General Minh recalled outstanding achievements of the VPA over the years. He thanked the ambassadors and military attachés for their contributions to defence cooperation between Vietnam and other countries.The VPA Deputy Chief of General Staff also expressed his hope for stronger friendship between the VPA with other countries’ armies, for the sake of regional and international peace, stability, cooperation and development.On behalf of the guests, Colonel Ton That Tuan, head of the US defence attaché office to Vietnam, voiced his belief that the VPA and other countries’ armies will launch many exchanges and joint activities in the coming year, thus developing sustainable and effective relations. … [Read more...] about Vietnam People’s Army celebrates anniversary with foreign guests
Vietnam Business Forum looks to boost private sector growth
Scene at the press conference (Photo: VNA)Hanoi (VNA) – The year-end session of theVietnam Business Forum (VBF) in 2017 is set to focus on measures to improveproductivity and boost the development of the private sector.At a recent press conference in Hanoi before the annualevent, Chairman of the Vietnam Chamber of Commerce and Industry (VCCI) Vu TienLoc said the VBF, which is held twice a year, is a dialogue mechanism betweenthe Vietnamese Government and enterprises from both domestic and foreign-investedsectors.In a report submitted to the Government, the VCCI acknowledgedsignificant improvement made to the local business climate, particularly afterthe National Assembly passed the Law on Support for Small- and Medium-sizedEnterprises (SMEs). The implementation of Resolution 19-2017/NQ-CP on enhancingbusiness environment and national competitiveness, and of Resolution 35/NQ-CPon supporting growth of enterprises toward 2020 was also said to contribute tothe outcome.Hirohide … [Read more...] about Vietnam Business Forum looks to boost private sector growth