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Vietnam Economic News

SOE - motive force of economy: please dont be too reliant on the set rails

State owned economic groups and general corporations are now considered the "motivating force" of the national economy. However, the national economy cannot continue based only on set rails.

Exchange rate paradox occurring only in Vietnam

The urgent governments meeting on November 3 evening ended at 9 pm. Several measures were put forward to deal with the uncertainties on the forex market and prevent high inflation.

Hanois CPI increases slightly in August

On aggregate, the index was up 8.09% over the same period last year. During the month, most groups of commodities saw a small increase in price, ranging from 0.06-0.79%, led by food and restaurant services, followed by transport and garments and footwear.

Largest hydro-power plant progresses smoothly

With a diameter of 15.589 metres, a height of 2.816 metres, and weighing 1,000 tonnes, it is the heaviest hydro-electric power rotor in Vietnam. According to the Son La plant management board, the rotor installation will be followed by a test run of the plants auxiliary systems equipment in September

South Korea lend Vietnam 51 million USD

The Ministry of Finance on Tuesday clinched three agreements to borrow US$51 million in official development assistance (ODA) loans from South Korea to finance hospital and school projects. The pacts were signed by Deputy Minister of Finance Tran Xuan Ha and Ki-Sub Nam, vice chairman of the Export-Import Bank of

Vietnam launch pilot market for electricity generation next year

The preparation for the market was now "basically done," he told a workshop organised by the Electricity Regulatory Authority of Viet Nam (ERAV). It included market design, the way it would work and plans for its implementation. The pilot market would provide a low-risk way to test market structure, its


Posted in: Viet Nam Competitive Generation Market , Electricity of Viet Nam

Iconoclastic economist cites paradoxes that destabilize economy

The acting head of the Vietnam Institute of Economics, Dr. Tran Đinh Thien, keynoted a workshop on Vietnams economy in the post-recession period in Hanoi on August 11. As reported by the newspaper Tien Phong, Thien declared that to achieve sustainable growth, Vietnam must rebuild its development strategy in the


Posted in: Vietnam Institute of Economics , 2010 Vietnam economic , Vietnam WTO

Tangle of rules slows use of Dung Quat jetfuel in Vietnam

Nguyen Hoai Giang, General Director of Binh Son Refinery Company (BSR) says theres no question that Jet A1 of Dung Quat Refinery meets the international standard for Jet A1 petrol (AFQRJOS - issue 24). However, regulatory red tape still prevents Dung Quat from marketing it in Vietnam, so the refinerys


Posted in: Dung Quat Refinery , Vinapco , Vietnam Airlines Corporation , PetroVietnam , PV Oil

Steel industry growth may cost Vietnam more than its worth

Ten years ago, the manufacturing sector consumed 40 percent of Vietnams total electricity output. Thats rapidly changing. Electricity of Vietnam (EVN) reports that the manufacturing sector demand rose to 51.65 percent of supply in the first six months of 2010.

Investors dismayed as EVN turns its back on wind and solar power

Director of Le Trong Dinh of the Kim Dinh International Group says that to date, Electricity of Vietnam (EVN) has "said more than it has done" on development of clean energy projects. Though investors have put tens of millions of dollars into such projects, very few of them are supplying

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Vietnam profit growth nearly 70 percents

The earning per share (EPS) of the market is estimated to rise 58.4% this year, higher than 53% in 2007 and -39.8% in 2008. The P/E ratio will stand at

An upmarket office tower to take shape in Hanoi

The Housing and Urban Developmennt Corporation (HUD) on March 21 began construction of a high-class Office Block (HUD Tower) in Thanh Xuan district, Hanoi with a total investment capital of

Gold association wants import restrictions lifted

The Vietnam Gold Business Association will request the government to remove restrictions on gold imports so that they are determined by local supply and demand, an official said. Gold should

Vietnam to Receive More Overseas Remittance This Year

Local financial experts and bankers shared a common consensus that Vietnam will receive a higher level of overseas remittance this year than the last year. Financial experts and bankers all

Optimism and caution at Vietnam investment summit

The Vietnamese Investment Summit 2010, which ended on Wednesday in Ho Chi Minh City, focused on the countrys economic strengths-providing potential investors and business people with a forum for discussion,

Manpower export: long-term vision a need

ASEAN economies are resuming very strongly, especially in Thailand, Singapore and Malaysia. This is very impressive because six months ago, nobody had that hope. Now it is important to maintain

Low-cost apartments selling slowly

Most of real estate developers now have shifted to developing low-cost apartment projects, because they believe that low-cost apartments will sell better than high-end apartments. Analysts also said that the

Opens the way for the growth of drug production in Vietnam

Domestic and foreign investors for the production of drugs call opens the way for the growth of drug production in Vietnam. The Ministry of Health (MoH) is calling for domestic

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