May 24th, 2011, from The Wall Street Journal. HANOI—Vietnam’s consumer price index in May was up 19.78% from a year earlier, its biggest jump since December 2008, the General Statistics Office said Tuesday. But compared with April, the index was up 2.21%, a slowdown from the previous month’s pace. April prices were up 3.32% from … Read more
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
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
By NGUYEN PHAM MUOI Mar 11, 2011. From The Wall Street Journal. HANOI—Vietnam is cracking down on unauthorized trading in U.S. dollars in an effort to bolster the country’s dwindling foreign reserves and restore confidence in the local currency, the latest attempt to bring some stability to the Southeast Asian economy. Authorities in Hanoi said … Read more