National budget hangs in the balance as oil prices plummet

VietNamNet Bridge – It is time for Viet Nam to restructure its national budget collection, economic expert Vu Dinh Anh told Thoi bao Kinh te Viet Nam (Viet Nam Economic Times). How are falling global oil prices affecting the Vietnamese economy? The drop of crude oil prices in the international market will positively affect our economic recovery. I believe that our … [Read more...]

Ruble collapse hits Asian carmakers’ ambitions in Russia

Asian carmakers who bet big on expanding in Russiaface a test of their commitment to a market they once hoped was set to surpass Germany's by size, as the rouble plunges and auto sales skid. Manufacturers including Japan's Nissan Motor Co, China's Great Wall Motor Co and South Korea's Hyundai Motor and its Kia Motors affiliate have been stepping up investment in Russia in … [Read more...]

Outcomes of 2014 economic restructuring program

(VOVworld) – In 2014, Vietnam’s economic restructuring program has focused on public investment, corporate, banking and financial reform. Despite worse results than hoped, the government’s efforts to boost economic restructuring have proven effective, creating a foundation to speed up the process in the next phase. Since it began 3 years ago, the economic … [Read more...]

Big Firms Confident in Business Results in 2014

"The economy and business have many positive signs in 2014 and 2015," said the VNR500 Report - a list of the 500 biggest companies in Vietnam in 2014 - recently released by Vietnam Report Joint Stock Company in cooperation with online newswire VietNamNet. While preparing the VNR500 Report 2014, Vietnam Report also conducted a survey with VNR500 firms since 2007 to depict an … [Read more...]

Rice exports: Why are Vietnam’s miracle-makers still poor?

VietNamNet Bridge - The biggest risk for Vietnamese rice growers is not the weather or the market but policies, from exchange rate policy to tax policy to a range of other policies. VietNamNet would like to introduce the next part of the roundtable discussion on a quarter century of rice exports of Vietnam, with the participation of Prof. Dr. Vo Tong Xuan, Dr. Vu Trong Khai … [Read more...]

Gorbachev calls for U.S.-Russia summit to defrost ties

Former Soviet President Mikhail Gorbachev visits the former Berlin Wall border crossing point Checkpoint Charlie, in Berlin November 7, 2014. Photo: Reuters/Hannibal Hanschke Former Soviet leader Mikhail Gorbachev called on Wednesday for a U.S.-Russia summit to be convened to prevent a deep freeze in Moscow's relations with the West over the Ukraine crisis. Gorbachev, whose … [Read more...]

Workshop on science and technology development in agricultural restructuring

(VOVworld) – A workshop on science and technology development for agricultural restructuring in association with new rural development opened on Saturday in Hanoi. The reports indicate that the Party and State have always attached great importance to research and technological transfer in boosting agricultural development. Over the past 5 years, more than 200 million … [Read more...]

WB pledges to support Vietnam’s economic restructuring

(VOVworld) – World Bank Country Director for Vietnam Victoria Kwakwa hailed Vietnam’s achievements in stabilizing the macro economy which helped Vietnam further attract foreign investment and contributed to Vietnam’s sustainable economic development. World Bank Country Director Victoria Kwakwa and Deputy PM Vu Van Ninh She made the remarks at a Friday … [Read more...]

Restructuring of corporations raises concerns

VietNamNet Bridge – Economists have doubts about the significance and purpose of state-owned enterprises’ (SOEs) restructuring after witnessing equitization of several big corporations. The news that the Southern Food Corporation (Vinafood 2), which has major influence on rice exports, will be equitized has caught the attention of economists only, not … [Read more...]

Resolutely clearing up bad debts along with bank restructuring

(VOVworld) – In the master-plan on economic restructuring approved by the Prime Minister last year, bank restructuring and handling bad debts are considered key tasks. The settlement of bad debt has gained initial results after the program to restructure the banking system was launched 3 years ago. Bad debts remain one of difficulties for the restructuring of … [Read more...]