The State Bank of Vietnam’s decision to maintain the basic lending interest rate and raise the deposit interest rate for credit organisations will help to improve the banking market’s liquidity and support businesses in accessing capital, according to economic experts.
For more than a year Archbishop Ngo Quang Kiet has secretly incited Catholics to carry out illegal activities against the administration in an attempt to claim back the land lot at 42 Nha Chung Street in Hanoi. However, his true nature was unmasked when he filed a petition to the State President and the Prime Minister.
Over the past few days, Hanoi diocese, headed by Archbishop Ngo Quang Kiet, has carried out law-breaking activities against the local administration. Kiet has denied all legal documents and insisted that the piece of land at 42 Nha Chung Street belongs to the diocese. He has insisted on bringing the case to an international tribunal.
The Ministry of Agriculture and Rural Development (MARD) has approved a plan to increase the coffee sector’s competitive capacity through 2015 and a vision for 2020 with investment capital reaching nearly VND33,000 billion.
Nearly a month after the legal dispute over a piece of land at 178 Nguyen Luong Bang Street, Hanoi, Thai Ha Parish priests have tried to distort the truth by denying the State’s legal documents on land ownership. Despite their defiance, it is undeniable that the land belongs to the State management.
Two years after joining the World Trade Organisation (WTO, the Vietnamese banking sector needs to deal with a series of key issues due to the poor management of monetary and financial policies, outdated technology and slow reform.
The general director of Vinamit Trading Co, Ltd, Nguyen Lam Vien, claims that almost all foreign and local investors are now worried about investing in Vietnam’s agricultural sector because of its small scale.
After more than 20 years of implementing the Doi Moi (Renewal) process, from a country with a high poverty rate, Vietnam now plays an important role in ensuring food security around the world.
Sixty-three years have elapsed since the August 1945 Revolution. Many glorious events have made great landmarks in Vietnam’s 4,000-year history. However, it can be said that the last 63 years were the most resplendent, magnanimous and glorious.
The implementation of the Government’s key solutions to curb inflation and stabilise the macro economy has brought about encouraging results. However, economists are warning Vietnam about domestic and unexpected global complications ahead.