The Business Times: Fiscal easing sought to foster economic growth

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• Fiscal easing sought to foster economic growth
• Eleven export commodities earn US$1 billion in revenue
• Tien Giang farmers’ cow breeding
• Vietnam retail sales and services turnover foreseen to rise 12.48% in 2013: MOIT
• Malaysia pushes further palm-oil trade with VN
• Vietnam to be likely to run $9bln trade deficit in 2013: MOIT
• Da Nang GDP growth reaches 7.14 % in H1/2013
• Thai Nguyen GDP growth up 5.3 % in h1/2013
• City seeks $15b for road development
• Vietnam central bank net withdraws vnd51bln via OMO on jul 1

Fiscal easing sought to foster economic growth Posted: 01 Jul 2013 11:02 PM PDT The Government should boost public investment via government bond issuance to the major projects currently in financial distress, all for the sake of economic growth, said Chairman Vu Viet Ngoan of the National Financial Supervisory Commission (NFSC). In a report delivered at the Government meeting last week, Ngoan said policymakers should give priority to economic [...] The post Fiscal easing sought to foster economic growth appeared first on Vietnam Business News.

Eleven export commodities earn US$1 billion in revenue Posted: 01 Jul 2013 11:00 PM PDT These export commodities hit more than US$1 billion in the first half of 2013. Among the highest earners were mobile phones (US$9.907 billion), followed by garments and computers (US$7.98 billion and US$4.712 billion, respectively). Other commodities fetching more than US$1 billion each were footwear, crude oil, seafood, machinery, transport vehicles, timber products, coffee and rice. [...] The post Eleven export commodities earn US$1 billion in revenue appeared first on Vietnam Business News.

Tien Giang farmers’ cow breeding Posted: 01 Jul 2013 10:50 PM PDT A cow breeding project to improve the livelihood of poor farmers has been launched in the southern province of Tien Giang. It is partly funded by Canadian Heifer International and the Norwegian Mission Alliance Vietnam. The project has an investment of VND18.2 billion, including VND14.2 billion from the Canadian and Norwegian organisations. It will be [...] The post Tien Giang farmers' cow breeding appeared first on Vietnam Business News.

Vietnam retail sales and services turnover foreseen to rise 12.48% in 2013: MOIT Posted: 01 Jul 2013 10:46 PM PDT Vietnam's total retail sales and service revenues are likely to increase 12.48% on year in 2013, the Ministry of Industry and Trade (MoIT) forecast. In the second half of this year, domestic purchasing demand is foreseen to surge, versus the first half of the year on a number of holidays, vacation and many promotion programs, [...] The post Vietnam retail sales and services turnover foreseen to rise 12.48% in 2013: MOIT appeared first on Vietnam Business News.

Malaysia pushes further palm-oil trade with VN Posted: 01 Jul 2013 08:54 PM PDT HCM CITY (VNS)— A trade fair and seminar event promoting Malaysian palm oil sales to Viet Nam yesterday attracted over 200 business representatives from both countries. “The event provides an excellent opportunity to establish networking among representatives from the oil and fat industry,” said YB Dato’ Seri Douglas Uggah Embas, Malaysia’s Minister of Plantation Industries [...] The post Malaysia pushes further palm-oil trade with VN appeared first on Vietnam Business News.

Vietnam to be likely to run $9bln trade deficit in 2013: MOIT Posted: 01 Jul 2013 08:52 PM PDT The Ministry of Industry and Trade( MoIT) forecast that Vietnam is likely to run $9 billion trade deficit in 2013. The information was reported at its regular press conference on July 1, 2013. If the forecast comes true, this year's trade deficit will account for 7% of the  export turnover, lower than earlier plan set by [...] The post Vietnam to be likely to run $9bln trade deficit in 2013: MOIT appeared first on Vietnam Business News.

Da Nang GDP growth reaches 7.14 % in H1/2013 Posted: 01 Jul 2013 08:47 PM PDT The central city of Da Nang posted 7.14% increase in Gross Domestic Product (GDP) in H1/2013, the city's People Committee said in its socio-economic report in H1/2013. In H1/2013, the city 's GDP grew by 7.14% on year, meeting 42.15% year plan, lower than H1/2012 GDP (+10.2%). Services and trade sector remained favor GDP growth [...] The post Da Nang GDP growth reaches 7.14 % in H1/2013 appeared first on Vietnam Business News.

Thai Nguyen GDP growth up 5.3 % in h1/2013 Posted: 01 Jul 2013 08:46 PM PDT Thai Nguyen province posted 5.3% increase in Gross Domestic Product (GDP) in H1/2013, the city's People Committee said in its socio-economic report in H1/2013. The Agriculture, Forestry and Fisheries sector was estimated to generate VND5,140 billion ($242.22 million), increasing 5% on year, creating 12,694 jobs in the period. The province's industrial production sector was estimated [...] The post Thai Nguyen GDP growth up 5.3 % in h1/2013 appeared first on Vietnam Business News.

City seeks $15b for road development Posted: 01 Jul 2013 08:43 PM PDT HCM CITY (VNS)— HCM City plans to mobilise capital through BOT (Build-Operate-Transfer), BT (Build-Transfer) and PPP (Public-Private Partnership) investment forms to further develop its road infrastructure, a senior official said last week. Speaking at a conference on road development plans until 2020, Le Do Muoi, deputy head of the Institute of Strategy and Development under [...] The post City seeks $15b for road development appeared first on Vietnam Business News.

Vietnam central bank net withdraws vnd51bln via OMO on jul 1 Posted: 01 Jul 2013 08:30 PM PDT The State Bank of Vietnam (SBV) net withdrew VND51 billion through open market operations (OMO) on July 1 after it pumped VND75 billion and withdrew VND126 billion. The monetary authority sold no Treasury-bills and there were no due notes yesterday. From March 15, 2012, the central bank issued in total VND308.731 trillion T-bills, of which [...] The post Vietnam central bank net withdraws vnd51bln via OMO on jul 1 appeared first on Vietnam Business News.

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