Support policies for small- and medium-sized enterprises need to be updated if they are to develop, a senior Government official told a workshop in HCM City yesterday.

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Small businesses need support

The U.S. President Barrack Obama will pay a trip to Vietnam next year, Secretary of State Hillary Clinton told Vietnamese Prime Minster Nguyen Tan Dung in Hanoi late July 22. Hillary Clinton arrived in the Southeast Asian country on July 22 for a two-day visit to boost the bilateral ties and attend the 17th ASEAN Regional

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Barrack Obama to Visit Vietnam Next Year

The very slight increase in July’s Consumer Price Index (CPI) is attributed to the government and local authorities’ efforts to curb inflation, reports the General Statistics Office (GSO). According to the GSO, July’s CPI is estimated to have risen by only 0.06 percent over last month, much lower than the earlier forecasts of 0.2-0.3 percent and

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Government efforts to control prices pay off

Recent structural changes in China’s growth dynamics are providing Vietnam the opportunity to become one of the most competitive export hubs in the region. China’s rising cost of labor and appreciating RMB is shifting international interest to Vietnam, where the cost of labor is already half as much as China’s and the currency has shown recent

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Vietnam Economy Expected to Benefit from China’s Dynamic Growth

Key national economic targets set for this year – a gross domestic product (GDP) growth of 6.5 per cent, inflation below 8 per cent and macro-economic stability – were achievable, a senior official said yesterday.

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Growth targets ‘are achievable’

The July consumer price index (CPI) in HCM City has reduced by 0.09 per cent compared to last month, according to the city’s Statistics Office.

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City inflation makes surprise dip

The World Bank (WB) and the State Bank of Vietnam on July 15 signed in Hanoi a credit worth US$100 million to help improve the capacity of Vietnamese governmental agencies.

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WB helps improve governmental agencies’ capacity

The Hanoi People’s Council, on the afternoon of July 13, has conducted discussions on the implementation of socioeconomic and defense security tasks in the first six months and set targets for the last six months of 2010. According to the report of Hanoi People’s Committee, the city has maintained good economic recovery and achieved good growth.

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Hanoi targets GDP growth of 11 to 11.5 pct in the last six months of 2010

The marine economy is in danger of losing its great advantages due to the lack of an overall development plan and poor co-operation among local authorities, Nguyen Minh Phong from the Ha Noi Socio-Economic Policy Research Institute has said. “The marine economy can’t meet development goals unless there’s an overall and unified scheme from the central Government,” said Phong. “A developed system of inter-regional infrastructure is also necessary.” A thorough survey of marine resources and potential should be made before working out a development plan, he added

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Call for marine economy plan

The signals for Vietnam’s economic recovery are very clear, with inflation easing in recent months and a remarkable growth rate of 6.2-6.4 percent in the second quarter, according to Standard Chartered Bank (SCB). Tai Hui, the bank’s regional head of research in Southeast Asia, comments in his latest report on Vietnam’s economy that the trade deficit is stable, while foreign direct investment (FOI) and remittances are rising again. The deficit of $6.5 billion in the first half of 2010 is also moving in line with the bank’s full-year forecast of $13 billion

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Positive signals show better health of economy