The Business Times: Masterplan much needed for energy development

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• Masterplan much needed for energy development
• Vietnam’s star is dimming
• Vietnam youth suffering high unemployment rate: ILO
• Banking reforms: Vietnam asset management company
• Vietnamese bonds gain on inflation, deposit-rate cap outlook
• Vietnam cuts key interest rates further by 1% to boost economic activities
• Hoi An, My Son to open free to tourists at June festival
• Where will the German real estate tycoon invest in Vietnam?
• VND30-trillion real estate bailout to take effect
• Vietnam-global leader in reducing poverty: WB

Masterplan much needed for energy development Posted: 10 May 2013 01:05 AM PDT Viet Nam should create a master plan for the national energy system, said President of Viet Nam Energy Association (VEA) Tran Viet Ngai at a forum on energy and oil investment and sustainable development held in Ha Noi yesterday. Currently the electricity, coal, oil and renewable energy industries all have their own development plans, he [...]

Vietnam’s star is dimming Posted: 10 May 2013 01:00 AM PDT Like other would-be tiger economies, Vietnam faces a trifecta of new threats: a crisis-paralyzed Europe, a faltering America, and a newly spendthrift Japan. Yet the biggest risk to the nation's future may be old-fashioned nostalgia. It has been 27 years since Hanoi launched the "Doi Moi" reforms that allowed privately owned companies to participate in [...]

Vietnam youth suffering high unemployment rate: ILO Posted: 10 May 2013 12:59 AM PDT The rate of unemployed Vietnamese aged between 15 and 24 was more than three times higher than that of their more mature counterparts in 2012, the International Labor Organization (ILO) said Wednesday. The ILO”s Vietnam office said in a press release that nearly half of the unemployed people in Vietnam last year were under the [...]

Banking reforms: Vietnam asset management company Posted: 10 May 2013 12:57 AM PDT The recapitalization of the banks in Vietnam will come in 2 main forms. The recapitalization of the banks in Vietnam will come in 2 main forms. The first will be to increase the current foreign ownership of banks or financial institutions to above 30%, either by a straight increase in the ownership limit or by [...]

Vietnamese bonds gain on inflation, deposit-rate cap outlook Posted: 10 May 2013 12:56 AM PDT Vietnam's three-year bonds gained on speculation inflation will remain under control and the central bank will cut the interest-rate cap on local-currency deposits. The dong was steady. Consumer prices will increase 0.05 percent to 0.1 percent in May from April, Bank for Investment & Development of Vietnam analysts including Hoang Nu Ngoc Thuy and To [...]

Vietnam cuts key interest rates further by 1% to boost economic activities Posted: 10 May 2013 12:55 AM PDT The State Bank of Vietnam (SBV) announced to adjust down key rates by another 1% effective from May 15, a second move this year after 6 cuts in 2012 as inflation cools amid signs of weakening economic growth. The State Bank of Vietnam said it would lower the refinancing rate — charged on loans to [...]

Hoi An, My Son to open free to tourists at June festival Posted: 10 May 2013 12:54 AM PDT The fifth Quang Nam Heritage Festival, to run from June 21 to 26, will promote this central province's cultural legacies along with honoring the heritages of ASEAN countries, heard a press briefing in Hanoi on May 7.   The Hoi An ancient town and My Son relic, both UNESCO heritage sites, will be open free [...]

Where will the German real estate tycoon invest in Vietnam? Posted: 10 May 2013 12:52 AM PDT Vietnamese real estate developers now keep curious about what the German real estate tycoon Thomas Kramer looks for in Vietnam and where he would put his money into. Thomas Kramer is expected to come to Vietnam in July. Some sources said that the German tycoon would stay in Vietnam for six days, during which he [...]

VND30-trillion real estate bailout to take effect Posted: 10 May 2013 12:52 AM PDT The Government has granted a credit stimulus package, amounting to VND30 trillion (nearly US$1.5 billion), to shore up the real estate sector. The Head of the State Bank of Vietnam (SBV)'s Credit Department, Nguyen Viet Manh, said on May 9 that a circular guiding the disbursement of the bailout package will be released next week. [...]

Vietnam-global leader in reducing poverty: WB Posted: 10 May 2013 12:48 AM PDT On his first visit to Vietnam, Axel van Trotsenburg, World Bank East Asia and Pacific Regional Vice President, congratulated Vietnam's Prime Minister Nguyen Tan Dung on the country's impressive success in reducing poverty. "Vietnam has been a global leader in reducing poverty over the last two decades, making effective use of concessional official development assistance [...]

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