HANOI—Vietnam trimmed its economic growth forecast and sharply raised inflation expectations, as the government battles to restore economic stability. The country is now targeting gross domestic product growth of 6.5% this year, from an initial target range of 7%-7.5%, Minister of Planning and Investment Vo Hong Phuc said Tuesday at an annual meeting of the … Read more
By JAMES HOOKWAY. May 16th, 2011 from The Wall Street Journal. Frustration over Vietnamese state-run shipbuilder Vinashin’s failure to repay loans it defaulted on last year is intensifying among creditors, potentially jeopardizing Vietnam’s plans to draw more investment to improve its infrastructure and reduce the bottlenecks that threaten its growth. The problems at Vinashin point … Read more
Mar 2012, ANT Consulting In January 2007 Vietnam officially joined the WTO, an event seen as an important milestone in the country’s closer integration into the global economy. WTO membership has helped boost Vietnam’s international trade and develop its freight transport capabilities. Road transport is the most advanced in terms of freight sector privatisation and … Read more
By VU TRONG KHANH. May 25th, 2011, from The Wall Street Journal. HANOI—Vietnam’s persistent trade deficit widened to its largest point in 17 months in May, putting further pressure on authorities to address imbalances in the economy. At $1.7 billion, the deficit was the largest since December 2009, compared with a $1.49 deficit billion in … Read more
In Vietnam, the retail business experiences more and more active competition between the major brands of Co.opmart; Big C and Metro. Foreign enterprises entrance cause tougher competition in Vietnam but within this competition, the Vietnamese Co.opmart and the Thai Central Group’s retailer Big C are active competitors. Their strategies to differ from each other are … Read more