VietnamNewsToday.com

Interest rates are set to head South

Vietnam’s consumer price index (CPI) for August was up only 0.93 per cent on-month, the lowest rise this year. August was also the first month the CPI rose under 1 per cent, signaling a slowdown in price rises as tightening monetary policies begin to bite.

Da Nang takes lead in competitiveness index

In the first four months of this year, Da Nang licensed an additional 19 projects with a total capital of over $300 million. In the first quarter alone, the city attracted $424.5 million, including newly-registered and additional capital, for 16 projects, representing a 4.9 fold increase over the same period last year.

April 28: Vietnam stocks closed mixed, broad market sentiment weak

The benchmark VN Index gained 3.61 points or 0.76% to 472.93. Volume fell 17% to 23.6 million shares traded for VND446.62 billion. Analysts cannot see a sustainable rally yet but they see opportunities of buying into the lows for long term investors. Short term risks are seen.

High inflation may force Vietnam to tighten policy

Vietnam, which last year pushed for strong growth, now is battling some of the highest inflation in Asia. In February, the government devalued the dong 8.5 percent and it has taken other steps, but so far inflation rates have continued to rise.For April, the consumer price index rose 3.32 percent from March, the highest since May 2008, the General Statistics Office said on Sunday. The annual inflation in April – 17.51 percent – was the highest for the past 27 months.

April 26: VN index falls but 460 threshold sustains

The market opened in the red with 2.3 million shares changed hands. Trading was more active, but this time sellers took control, no efforts to recover were seen. The only positive thing in today trade was higher volume.

Further monetary tightening tipped to cure macro pains

Headline inflation in Vietnam accelerated to 12.3 per cent year-on-year in February, drifting further away from the government’s ambitious target of 7 per cent. However, consumer price index (CPI) growth slowed for the third straight month in February, coming in at 1.1 per cent month-on-month compared with 1.6 per cent in January.

Profit-taking depresses shares

The performance of blue chips was particularly discouraging to the VN-Index, with stocks having a heavy influence on the Index seeing significant losses.

Vietnam to regulate fiscal policy more actively and closely

The goal will be achieved through effectively enforcing the Law on State Budget, enhancing investment efficiency, and cutting the state budget, said Ninh. The minister also said that Vietnam needs to make a big effort to curb Consumer Price Index (CPI) at 7% this year as targeted by the National Assembly.

No immediate plans to pull capital from Bao Viet: SCIC

Nguyen Minh Hai, a securities analyst with a Ha Noi-based securities company, said that it was clearly an unusual event for an insurance stock, especially when taken in comparison to its business earnings. “The insurance industry is characterised by stability with no profit mutations,” Hai said, adding that the abnormal behaviour of the stock had distorted the VN-Index.

Vietnam money-no rate change seen despite rising prices

The government’s statistics office said on Monday the consumer price index rose 1.74% in January from December, and 12.17% from a year earlier, the highest annual reading since February 2009. December’s annual inflation rate stood at 11.75%, and monthly inflation hit 1.98%.

Experts warn of more rises to CPI

“Vietnam has a low level of consumer credit which means a monetary policy based on high interest rates does not reduce the consumer price index (CPI). Instead it will push up production costs and thus market prices. This in turn will lead to a rise in the CPI, not a reduction,” said economist Dr. Bui Kien Thanh.

Vietnam bonds fall on speculation inflation may fall this month

“The consumer price index is expected to fall to 1.6 percent this month from 1.98 percent in December,” said Luu Hai Yen, an analyst at Thang Long Securities Joint-Stock Co.

Solutions for socio-economic development in 2011

The National Assembly approved the socio-economic development plan for 2011, focusing on the maintaining of macro-economic stability, inflation curbing, growth model renovation, and economic structure transformation. Under the plan, the GDP is expected to grow at 7-7.5% against 2010, consumer price index (CPI) to increase less than 7%, total export turnover to rise 10%, trade deficit to be kept under 18% of the total export value; State budget overspending to be maintained at 5.35% of the GDP, and total social investment is equivalent to 40% of the GDP.

Economy set to cool in 2011 after red hot 2010

Tony Hsun, managing director for a close-end infrastructure fund listed on the London Stock Exchange’s AIM market, said: “The worst is over for Vietnam in 2011. The economy will be less uncertain and there will be more positive elements, especially the government’s pro-stability stance with estimated gross domestic product (GDP) target for whole year of 7.2-7.5 per cent. “The stock market will be renewed with vigor and confidence as VN-Index is cheap versus region and bad macro news already priced in November 2010. P/E is 10x versus regional average 12x-16x.”

Vietnam’s knowledge economy index remains low despite rapid growth, experts

Giving assessment on the sustainable development strategy from 2005 to 2010, vice minister of Planning and Investment Nguyen The Phuong said that Vietnam with a relatively high growth rate escaped from low income countries. But, our economy has not been sustainable, developed mainly in wide-range while its competitiveness and efficiency have not been appropriate with its potential. The economy sees a potential backward.


BusinessTradeVietnamGovernmentFDIWorld economyVietnamese PartyEconomyEconomicMarketState managementPrime MinisterHCM cityHanoiHo Chi MinhCPIAsianWorldAmericaEuropeNguyen Tan DungHau GiangMekong DeltariceStandingMekongCambodiausajapanchinakoreaLai ChauHoa BinhHoi AnChu LaiQuang NamDa nangCan thoSon LaPower PlantMinistry of IndustryDung QuatOilSingaporeThailandMalaysiaIndonesiaLaosVietnameseFDI capitalinvestorsforeign investorNetherlandsUSservicetransportationinfrastructuretourismVNPostExpressSpainGoldTra fishexportcontractstouristMiddle AreaConstructionShipbuildingIndustryCompanyIndustrial ZonebudgetDong NaiBinh DuongVung TauTay NinhBinh PhuocTay NinhLong AnTien GiangUS investorshydropower plantQuang NinhNha TrangStock ExchangeHNXIndexcapitalAgricultureDong ThapAn GiangExport-Processing ZoneYen BaiLao CaiLai ChauDien BienSon LaHoa BinhPhu ThoHa GiangTuyen QuangBac KanLang SonCao BangmanufacturersAseanRussiadevelopmentAviationinflationHong KongAmericanChamber of CommerceSeafoodODAWBIMFFEDAsia-PacificAssociationcountriesEuropeanmarine economyThanh HoaNghe AnNam DinhHa TinhPhu LýVinh PhucBac NinhBac GiangHung YenHai DuongBinh ThuanBinh PhuocLam DongGia LaiKon tumQuang NgaiQuang BinhQuang TriNinh ThuanCa MauBac LieuSoc TrangTra VinhKien GiangVinh LongBen TreincomespoliciesLawassetsNatural GasBuildingstatisticsstrategyDa Latmineral exploitationprocessingindustrieselectricitywatersupplyEnterprisesforestryfisherycommunicationsreal estatetransportationCorruptionbauxiteSecuritiesInsuranceBankFinanceAccountgoodsTrade BalancecoffeeCoalfestivalHa NamNinh BinhHoa BinhUniversityArtsBooktravelVietnam VisaVisaPagodaCommitteePeople's CommitteeVinashincompaniesHoa PhatHSBCACBvietcombankvietinbank

Copyright 2010 © VietnamNewsToday.com 
Powered by: CIINS Design by: Webdesign.vn