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Q3 growth rises faster than expected, says ANZ

ANZ forecast Vietnam’s 2014 growth may hit 5.6% and see steady yet slow improvement to 5.8% in 2015. Growth in the medium term is expected to stay below long-term average with both the IMF and ADB forecasting 5.5% growth in 2014, and the World Bank expecting growth a tad lower …

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Dong Nai continues to attract record levels of FDI

The provincial Department of Planning and Investment reported the total consists of US$391 million for 52 new projects and US$531 million in supplementary investment for 51 projects. The province also revoked the investment licences for 8 FDI projects with registered investment capital of US$86 million, comprised of 3 projects located …

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Anti-inflationary measures effective

Vietnam is on track to bring inflation under control this year, rising just 6% over 2012 – a record low in the past 10 years, according to the General Statistics Office (GSO) leader. In an interview granted to Vietnam News Agency, GSO Director General Nguyen Bich Lam said the government …

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5.8% GDP growth rate set for 2014

The National Assembly on November 11 approved a resolution on key development targets for 2014, setting GDP growth at 5.8% and inflation at 7%. Among other targets, the export value is projected to grow by 10% or 4.4% lower than 2013.Total social development investment capital to GDP is estimated to …

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Dong Nai attracts 60 more FDI projects

The southern province of Dong Nai has licensed 60 new foreign-investment projects capitalised at US$315 million since the beginning of the year. It has increased trade promotions in Japan and Taiwan, and received foreign businesses seeking investment opportunities in the locality.Japanese businesses now account for 28 new projects valued at …

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Government sets ambitious GDP goal

It will be very difficult for Vietnam to achieve a per capita GDP of 2,300 USD by 2015 as targeted, said veteran economist Le Dang Doanh. In his report delivered early this week at the ongoing National Assembly meeting, Prime Minister Nguyen Tan Dung said Vietnam would aim for GDP of 2,300 …

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