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Experts: 6.7% growth target proves tough
Wednesday,  Jun 28,2017,22:13 (GMT+7)
HANOI – Local and international economic experts said on June 27 the country would find it hard to meet the gross domestic product (GDP) growth target of 6.7% this year as the first quarter saw modest growth.
Vietnam’s private sector overburdened with costs
Friday,  Jun 23,2017,21:12 (GMT+7)
HANOI – Vietnamese private enterprises are overburdened with formal costs, let alone informal expenses and harassment, so they can hardly develop, experts said at a forum in Hanoi on June 22.
MSCI still views Vietnam as frontier market
Thursday,  Jun 22,2017,23:08 (GMT+7)
HCMC – Morgan Stanley Capital International (MSCI) on June 21 announced the watch list for its emerging market index with Vietnam not included, pouring cold water on those investors speculating that Vietnamese equities would to be added to the list.
VND14 trillion earmarked for vocational training
Thursday,  Jun 22,2017,23:08 (GMT+7)
HANOI – The Prime Minister has approved a VND14 trillion (US$615 million) program for improving vocational education and the labor market in an effort to enhance manpower quality and create better jobs for workers.
NA issues resolution on bad debts
Thursday,  Jun 22,2017,23:08 (GMT+7)
HANOI – The National Assembly (NA) on June 21 endorsed a resolution tackling bad debts, with measures to address loans that have turned bad or will turn bad prior to August 15, 2017, when the resolution takes effect. The resolution will be implemented within five years upon this date.
GDP growth target of 6.7% poses tough tradeoffs
Thursday,  Jun 22,2017,16:14 (GMT+7)
HANOI - Vietnam will face tough tradeoffs and challenges to obtain this year’s gross domestic product (GDP) growth target of 6.7%, according to recent macroeconomic reports.
HSBC: Vietnam a key market for retail expansion
Thursday,  Jun 22,2017,16:13 (GMT+7)
HCMC – Notwithstanding the weaker purchasing managers’ index (PMI) report for May, HSBC Bank said Vietnam is fast emerging as an important market for retail expansion.
Bank stocks continue rising
Wednesday,  Jun 21,2017,22:30 (GMT+7)
HCMC – Though some large-cap stocks turned negative, the stock market rose for a third straight session on June 20, buoyed by the banking sector.
State budget revenue will stay at 21% of GDP
Wednesday,  Jun 21,2017,22:29 (GMT+7)
HANOI – The State budget revenue as a proportion of gross domestic product (GDP) in the 2016-2020 period will still hover around 20-21%, according to an action program just issued by the Government to implement Resolution 07-NQ/TW of the Politburo.
FDI still the driving force of Vietnam’s economy
Wednesday,  Jun 21,2017,22:29 (GMT+7)
HCMC – Vietnam’s gross domestic product (GDP) growth is expected to reach 6.5% in 2017 after a slowdown to 6.2% in 2016, largely owing to inflows of foreign direct investment (FDI), heard a seminar in HCMC on June 20.
Govt pledges more incentives for FDI, wants economic connectivity
Monday,  Jun 19,2017,21:37 (GMT+7)
HANOI – The Government will create favorable conditions to attract more foreign direct investment (FDI), and urged foreign-invested enterprises to connect themselves with domestic enterprises to better create value chains in the process of international integration, heard the Vietnam Business Forum (VBF) 2017 on Friday.
NA debates revised draft law on public debt management
Monday,  Jun 19,2017,21:37 (GMT+7)
HANOI – Deputies of the National Assembly (NA) last Friday had a heated debate over a draft Law on Public Debt Management, focusing on whether a single body should be mandated to manage public debt or three different agencies as per the current practice.
HCMC to seek NA endorsement for special financing mechanism
Friday,  Jun 16,2017,23:33 (GMT+7)
HCMC – The HCMC government is planning to push for a National Assembly (NA) resolution on a special financing mechanism that will help the city raise capital for its much-needed investment projects.
Low disbursements blamed for growth slowdown
Friday,  Jun 16,2017,23:29 (GMT+7)
HANOI – Lower-than-expected disbursements in public investment projects in 2016 and the first five months of this year have led to GDP growth slackening, Deputy Prime Minister Vuong Dinh Hue told a National Assembly (NA) session in Hanoi on June 15.
Vietnam ranks 47th in Global Innovation Index
Friday,  Jun 16,2017,23:29 (GMT+7)
HCMC – Vietnam has made a remarkable improvement in the Global Innovation Index 2017, jumping from 59th last year to 47th worldwide this year, according to a report conducted by the World Intellectual Property Organization, Cornell University and INSEAD, the Business School for the World.
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