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The macro economy today

PM chairs regular meeting before Tet

January 31, 2019 thesaigontimes Leave a Comment

PM chairs regular meeting before TetThe Saigon Times Daily Prime Minister Nguyen Xuan Phuc at the Government's regular meeting on January 31 - PHOTO: VGP HCMC – The Government's regular meeting chaired by Prime Minister Nguyen Xuan Phuc was held today, January 31, aimed to assess the country’s socioeconomic performance in January and check Tet preparation activities, the local media reported. Speaking at the meeting, the prime minister lauded the positive economic development in the first month of 2019. In particular, this month saw the price consumer index pick up by 0.1% while the exchange rate remained stable. Further, the State Bank of Vietnam purchased over US$4 billion in January to spur the foreign exchange reserves. In addition to the industrial production index rising by nearly 8%, total retail and consumer service revenues also surged this month. Also, the investment sourced from the State budget edged up by 8.5%. Besides this, the prime minister said … [Read more...] about PM chairs regular meeting before Tet

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PM urges Gov’t offices to support investment

May 2, 2018 vietnamnews Leave a Comment

Prime Minister Nguyễn Xuân Phúc speaks at a monthly Government meeting in Hà Nội yesterday.— VNA/VNS Photo Thống Nhất HÀ NỘI — Prime Minister Nguyễn Xuân Phúc highlighted a number of issues that are slowing down the country’s efforts to improve its investment environment during a monthly Government meeting in Hà Nội yesterday. “Just this morning, I was informed by the head of the Government Office that there was an incident in which a locality needed to make 33 trips to a local construction department to make adjustments to their plan,” he told the meeting. The PM urged all government offices both on the central and local level to contribute to the nation’s campaign to support investment and development. He said this was the only way for the whole system to move forward, with every single gear moving in the same direction. The PM said measures must be taken … [Read more...] about PM urges Gov’t offices to support investment

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Foreign reserves increase to US$ 63 bln, Gov’t Spokesman says

March 5, 2018 chinhphu Leave a Comment

18:27 | 03/05/2018 VGP – Viet Nam’s foreign reserves rose to US$ 63 billion, Mai Tien Dung, Minister-Chairman of the Government Office told a room of reporters today. Minister-Chairman of the Government Office Mai Tien Dung chairs press conference held this afternoon following the Cabinet meeting. Dung, who is also the Government Spokesman, said the macro-economy remained stable in in the first four months this year. Consumer price index rose 2.8% and industrial production grew 11.4% in the reviewed period compared to 6.6% of the same period last year. Foreign arrivals increased by 29% to over 5.5 million, said Dung, adding that PM Phuc agreed to extend visa exemption for citizens of five European countries, namely the UK, France, Germany, Spain and Italy, by three years (until July 1, 2021). This is the 3rd time, the Government has decided to extend the policy, which took effect since July 1, 2015. Under the policy, citizens from the five European countries … [Read more...] about Foreign reserves increase to US$ 63 bln, Gov’t Spokesman says

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Foreign reserves increase to US$ 63 bln, official says

March 5, 2018 chinhphu Leave a Comment

18:27 | 03/05/2018 VGP – Viet Nam’s foreign reserves rose to US$ 63 billion, Mai Tien Dung, Minister-Chairman of the Government Office told a room of reporters today. Minister-Chairman of the Government Office Mai Tien Dung chairs press conference held this afternoon following the Cabinet meeting. Dung, who is also the Government Spokesman, said the macro-economy remained stable in in the first four months this year. Consumer price index rose 2.8% and industrial production grew 11.4% in the reviewed period compared to 6.6% of the same period last year. Foreign arrivals increased by 29% to over 5.5 million, said Dung, adding that PM Phuc agreed to extend visa exemption for citizens of five European countries, namely the UK, France, Germany, Spain and Italy, by three years. This is the 3rd time, the Government has decided to extend the policy, which took effect since July 1, 2015. Under the policy, citizens from the five European countries shall not have to … [Read more...] about Foreign reserves increase to US$ 63 bln, official says

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All Aboard the Social Enterprise Train

March 21, 2018 robert Leave a Comment

Viet Nam News By Brian Spence* It is little wonder that Việt Nam is attracting global attention as Asia’s next ‘tiger economy’. According to International Monetary Fund data, the country’s economy has grown at a compound annual rate of 5 per cent for more than a decade now - among the world’s fastest - and its GDP is thought to be just 11 years behind China. Poverty has plummeted and growth continues apace as Việt Nam starts to join the ranks of middle-income countries. Yet this boom brings its own issues. International grants have naturally declined as Việt Nam’s fortunes have improved and rapid development has led to unsustainable (if not downright dangerous) business practices in several quarters. As for previous ‘tigers’, pollution is becoming a real concern. As other high-growth countries have also found, tackling these problems while continuing to foster further economic growth is a … [Read more...] about All Aboard the Social Enterprise Train

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