With the EU-Vietnam Free Trade Agreement coming into force, Vietnam’s investment and trade ties with the European Union are expected to receive a new boost. However, materialising these expectations depends largely on the success of the country’s efforts to accelerate regulatory reforms.
VOV.VN - For the first time this year gold smashed the US$2,000 per ounce mark in the global market early August 5, prompting local gold prices to reach a new peak of VND58.7 million per tael shortly afterwards.
VOV.VN - The tourism industry based in the coastal city of Da Nang has put forward a range of tourism stimulus packages including exempting visitors from paying for tickets when visiting tourist attractions in the city in the near future.
More than VND28 trillion (US$1.25 billion) was disbursed from the VND30 trillion housing stimulus package up till the end of August, according to the Ministry of Construction.
The Consumer Price Index (CPI) in September increased by 2.2 percent over the previous month, or a year-on-year increase of 6.48 percent, the General Statistics Office (GSO) announced on September 24.
Nearly 18,000 businesses were dissolved in the first four months of 2012, up 9.5 percent over the same period last year.
The Government’s approval of a VND29 trillion bailout package will not pay off as expected if there are not effective measures to address economic weaknesses in the long run.
In the face of economic slowdown, many people have suggested another stimulus package to resolve immediate difficulties.
The Vietnamese economy is bouncing back, therefore, it is essential to readjust the State’s monetary policies to help businesses develop and to prevent the State budget losing tax revenue.
Prime Minister Nguyen Tan Dung chaired a meeting in Hanoi on February 14 with representatives from commercial banks and financial organisations to review the implementation of his decision on the 4-percent interest rate subsidy and regulations on credit guarantees for businesses.