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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 at 5.4%. With inflation still on a downward path, price savvy consumers may be delaying purchases in anticipation of even... 

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 outside and five within industrial zones (IZ). Roughly 1,442 projects... 

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 has succeeded in reining in runaway inflation in the context of difficult times. There was growing concern about... 

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 US$315 million, making up 51.7% of total investment. According... 

Number of new FDI projects to Dong Nai doubles

The southern province of Dong Nai has licensed 55 newly-registered FDI projects to operate in its industrial zones so far this year, doubling the number of the same period last year. The new projects brought in a total 312 million USD of capital, equal to the amount registered in the corresponding period in 2012. In the same period, the province also saw nearly 450 million USD added to 50 valid FDI... 

Hanoi sees 3.16 percent CPI rise in August

Hanoi’s consumer price index (CPI) in August climbed 3.16 percent against the previous month, according to the municipal Statistics Office. The figure represented a year-on-year rise of 8.7 and a 5.19 percent increase to that of one year ago. The increase was attributed to price hikes in ten baskets of commodities. The biggest price rise, 63.94 percent, was seen in the healthcare sector due to the... 

FDI projects to face scrutiny

Competent governmental agencies may have to make more indepth appraisals of large-scale foreign direct investment projects, if the prime minister approves the Ministry of Planning and Investment’s proposal on the issue. The Ministry of Planning and Investment (MPI) has recently submitted a proposal to the prime minister asking him to add more appraisal steps for large-scale foreign direct investment... 

FDI hits nearly US$10.5 billion in six months

In the same period, around US$5.7 billion was disbursed, up 5.6% compared to last year’s figure and more than US$9.3 billion poured into the processing and manufacturing industries, accounting for 88.9% of total FDI. Topped the list of 45 countries and territories investing in Vietnam was Japan with nearly US$4 billion accounting for 38.1% of the funding, followed by Singapore with US$3.41 billion,... 

Five-month FDI hits US$8.5 billion

Vietnam has so far this year attracted US$8.517 billion in newly registered and additional FDI capital, up 8.9 percent over the same period last year. Of the total, US$5.091 billion came from 398 newly licensed projects, up 5.8 percent, and US$3.426 billion was worth of additional capital from 160 operational projects, up 14 percent. The processing and manufacturing sector took the lead, attracting... 

CPI down in Hanoi, HCM City

May’s consumer price index (CPI) in both Ho Chi Minh City and Hanoi declined by 0.16% and 0.22 % respectively from the levels of the previous month. This is the third successive month the CPI has tumbled in the two cities. Food and drink prices in Ho Chi Minh City, especially in relation to eating out, increased slightly, while culture, entertainment, and tourism services saw moderate declines of... 
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