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Sumitomo, BNP to Lend to Vietnam’s EVN for Hydropower Plant – BusinessWeek

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Sumitomo, BNP to Lend to Vietnam's EVN for Hydropower Plant BusinessWeek Vietnam is aiming to increase its generation capacity as the government forecast demand for electricity will rise 14 percent this year amid an economic … and more

Single-digit inflation this year, assures official

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VNBusinessNews.com – Prices will rise by around 4 percent in the first quarter and 8-9 percent during the whole year, Le Duc Thuy, the chairman of the National Financial Supervisory Committee, told the media Wednesday.The full-year forecast is close to the National Assembly’s target of 7 percent.The committee expects March inflation to be 0.5-1 percent following gasoline, electricity and coal

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Single-digit inflation this year, assures official

Vietnam Fast Facts:

  • GDP (2008): $84.98 billion.
  • Real growth rate: 6.23% (2008)
  • Inflation rate (January 2009): 17.48% year-on-year.
  • External debt (2008): 29.8% of GDP, $21.8 billion.
  • Population: 85.79 million
  • Services: 38.10% of GDP, 2008
  • Exports: $62.9 billion
  • Imports: $80.4 billion
  • Goldman Sachs paper: Vietnam: The Next Asian Tiger in the Making