The Business Times: Vietnam economy grows by 5.18% in H1

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• Vietnam economy grows by 5.18% in H1
• VND30 Tln Package: PM Agrees to Extend Lending Term and Lending Objects
• Time bomb laid in foreign currency credit market
• MPI: No need for steel SEZ
• Stock market raises $6b in first half
• Bus depot developers suffer at the hands of two-faced officials
• Vinafood 2 vindicated in rice export deal but still facing misfortune
• Business outlook optimistic
• Enlightened manufacturers “discover” the elderly market

Vietnam economy grows by 5.18% in H1 Posted: 03 Jul 2014 04:17 PM PDT Vietnam achieved GDP growth of 5.25% in the second quarter of this year, bringing the six-month rate to 5.18%, according to the General Statistics Office (GSO). In the national economic structure, agro-forestry and fisheries rose 2.96%, construction and industry 5.33% and services 6.01%. The consumer price index (CPI) edged up 0.3% in June over May, […] The post Vietnam economy grows by 5.18% in H1 appeared first on Vietnam Business News.

VND30 Tln Package: PM Agrees to Extend Lending Term and Lending Objects Posted: 03 Jul 2014 01:31 AM PDT Regarding the VND30 trillion social housing support package, Prime Minister Nguyen Tan Dung has agreed to the proposals of Construction Minister to extend lending terms of to 15 years and widen the loan objects, local newswire Dan Tri reported. Speaking at the regular meeting in June of the Government, Minister of Construction Trinh Dinh Dung […] The post VND30 Tln Package: PM Agrees to Extend Lending Term and Lending Objects appeared first on Vietnam Business News.

Time bomb laid in foreign currency credit market Posted: 03 Jul 2014 01:27 AM PDT The dollar lending interest rate is lower by at least 3-5 percent annually than the dong interest rate, which is the reason for the sharp increase in the ratio of the dollar outstanding loans on dollar deposits from 84.3 percent in early 2014 to 99.5 percent in early May 2014. Weaker liquidity – the imminent […] The post Time bomb laid in foreign currency credit market appeared first on Vietnam Business News.

MPI: No need for steel SEZ Posted: 03 Jul 2014 01:20 AM PDT The Ministry of Planning and Investment has said there is no need for a special economic zone (SEZ) for steel and iron industry as proposed by Hung Nghiep Formosa Ha Tinh Steel Company. The ministry has disapproved of the Taiwanese-invested company's proposal for setting up an SEZ in the central province of Ha Tinh so […] The post MPI: No need for steel SEZ appeared first on Vietnam Business News.

Stock market raises $6b in first half Posted: 03 Jul 2014 01:17 AM PDT Viet Nam’s stock market raised VND127 trillion or US$6 billion in the first six months of this year, up 3 per cent year over year. According to the statistics of the State Securities Commission (SSC), restructuring the stock market together with developing new products, including derivatives and exchange-traded funds, to improve the market liquidity continue […] The post Stock market raises $6b in first half appeared first on Vietnam Business News.

Bus depot developers suffer at the hands of two-faced officials Posted: 03 Jul 2014 01:15 AM PDT Hundreds of billions dong have been wasted as a series of bus stations, modern and well-serviced, have been left idle because of the local authorities breaking their promises. The promises of local authorities According to Nguyen Huu Luan from Phuong Trang Da Lat Company, Phuong Trang Bus Station in the city of Da Lat is […] The post Bus depot developers suffer at the hands of two-faced officials appeared first on Vietnam Business News.

Vinafood 2 vindicated in rice export deal but still facing misfortune Posted: 03 Jul 2014 01:14 AM PDT Despite accusations that Vinafood 2 bribed Filipino officials in exchange for the right to export 800,000 tons of rice to the Philippines, no proof has yet been offered. The watchdog agency has affirmed that Vinafood 2 is innocent of any wrongdoing. Despite this respite, the firm has plenty of problems, and critics. Some days ago, […] The post Vinafood 2 vindicated in rice export deal but still facing misfortune appeared first on Vietnam Business News.

Business outlook optimistic Posted: 03 Jul 2014 01:13 AM PDT Most enterprises operating in Viet Nam were optimistic about the economic recovery, saying business was bouncing back this year, according to the General Statistics Office (GSO). This was part of the release by the GSO yesterday (June 29) after conducting a survey over business trends in 2014 among 7,675 enterprises across the country. Director of […] The post Business outlook optimistic appeared first on Vietnam Business News.

Enlightened manufacturers “discover” the elderly market Posted: 03 Jul 2014 01:13 AM PDT Elderly consumers in Vietnam offer manufacturers a potentially large market, currently at 5.6 million customers and growing. But, until now, that market has been largely ignored. A promising market A recent survey by Nielsen Vietnam, a market survey firm, showed that the majority of Vietnamese elderly consumers complained that they could not find suitable products. […] The post Enlightened manufacturers "discover" the elderly market appeared first on Vietnam Business News.

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