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  • Vietnam to cut VND97 trillion worth of public investments

    Vietnam to cut VND97 trillion worth of public investments

    04/05/2011 05:00

    Vietnam plans to cut 97 trillion dong worth of public investments in 2011, which is equal to 10 percent of the total investment capital of the whole society, in an effort to help curb inflation. According to the latest report by the Ministry of Planning and...

  • State Bank hesitant in purchasing dollars

    State Bank hesitant in purchasing dollars

    04/05/2011 05:00

    The State Bank of Vietnam has succeeded in restraining the dong/dollar exchange rate to low levels after applying a series of comprehensive measures. However, it has been warned that if restraining the exchange rate at low levels for too long, this may...

  • Business Summit voices support for anti-inflation measures

    Business Summit voices support for anti-inflation measures

    04/05/2011 05:00

    VietNamNet Bridge - The nation’s anti-inflation policies got the thumbs up during a Viet Nam Business Summit that attracted 3000 bankers and international financial organisations to the capital yesterday. Deputy Prime Minister Hoang Trung Hai The summit was...

  • Tax incentives hinder production of Vietnamese-made goods

    Tax incentives hinder production of Vietnamese-made goods

    04/05/2011 05:00

    The Government subsidy program aims to encourage local enterprises to boost production of high-quality Vietnamese goods in an effort to replace high priced imported goods. However, inadequacies in affording tax incentives have hindered production of domestically made goods....

  • Vietnam overdue for rate hike to fight inflation: IMF 

    03/05/2011 05:00

    Vietnam is “overdue” for again raising its interest rates because of the country’s high pace of inflation, an International Monetary Fund official said on Monday. Benedict Bingham, IMF resident representative for...

  • Vietnam central bank chief confident in inflation fight 

    03/05/2011 05:00

    Vietnam's Central Bank Governor Nguyen Van Giau speaks at a news conference of the 44th annual meeting of the Asia Development Bank in Hanoi May 2, 2011. Vietnamese central bank governor Nguyen Van Giau expressed confidence on...

  • Stock market dysfunctions as fund-raising channel

    03/05/2011 05:00

    The local stock market is failing to function as a fund-raising channel for listed firms, and serve as a platform to promote recognition of companies on the bourse. Instead, it is instilling distrust in listed firms and investors alike. Figures from the stock...

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