(VOV) - The Hong Kong-Shanghai Banking Corp (HSBC) has adjusted Vietnam’s 2012 GDP growth to 5 percent, down from its earlier forecast of 5.1 percent in May.
The nation's Index of Industrial Production (IIP) increased 4.8 percent in the first three quarters of this year, compared to the same period last year.
Vietnam’s consumer price index (CPI) increased 2.2 percent September compared to the previous monthly average rise of 0.2 percent, but it is unlikely to rocket by the year’s end.
Vietnam’s car imports have dropped to a record low in 43 months.
Vietnam’s explosive credit growth over a long period of time, together with bank policies to provide easy access to credit, have made Vietnamese businesses more dependent on bank loans.
Vietnam has run a moderate deficit of US$62 million in the past eight months despite impressive export growth.
Vietnam’s GDP average growth in 2007-2011 was at 6.5 percent, much lower than the recorded figure of 7.8 percent in the previous five-year period.
Vietnam aims to increase the number of people using mobile phone services to 90 percent of its population by 2015 and 95 percent by 2020.
Mobilization interest rates may fall to 7 percent in mid-2013, said governor of the State Bank of Vietnam (SBV), Nguyen Van Binh, at a meeting with businesses in Ho Chi Minh City on July 28.
As many as 8 million people in Vietnam are suffering from hepatitis B or C, and liver cancer is the second leading cause of death in men.
US blockbusters and movies produced by foreign companies are overwhelming Vietnamese productions, making up 80 percent of movies screened in the nation’s cinemas, according to a seminar in Hanoi on July 25.
An increasingly skewed sex ratio, a decline in the use of contraceptives, and a sudden baby loom in the first five months all add up to a gloomy picture for family planning authorities.
Researchers have warned that low-cost labour will not be a competitive advantage for Vietnam’s footwear sector by 2030.
It’s no easy task to fetch US$109.5 billion in export turnover by the end of this year.
The Vietnam’s Business Confidence Index (BCI) in the second quarter of this year rose seven points over the previous quarter.
Most of domestic businesses going bankrupt in recent times are private ones which have been seriously affected by the impact of economic slowdown.
Prime Minister Nguyen Tan Dung has expressed the Government’s strong resolve to maintain the 2012 economic growth rate of 5.2 - 5.7 percent and increase it to 6-6.5 percent in 2013.
If the consumer price index (CPI) is kept at around 5 percent by the end of 2012, it will be the second time in six years Vietnam sees inflation going down in one year but up in two years.
Vietnam recorded a 2.29 percent unemployment rate in the first six months of this year, down 0.29 percent against the same period last year, according to a senior official.
Under its commitments to the Protocol of Common Effective Preferential Tariff (CEPT), Vietnam’s import tax on motor vehicles will be cut to 50 percent in 2014 and to zero percent in 2018, which will seriously affect the development of Vietnam’s automobile industry and domestic market.