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Consumption can only be stimulated if consumers have more money or if prices fall – so why is the power industry pushing to increase prices? Incomes are not rising and loans are still hard to obtain, so it is really important to lower prices. It is fair to presume that raising retail power prices at [...]

Relating to ODA and JICA’s contribution to Viet Nam over the past 15 years, a reporter from the CPV had a talk with Chief Representative of JICA Viet Nam Office, Motonori Tsuno. What has JICA contributed to Vietnam’s socio-economic development over the past few years? Japan started project cooperation through ODA loans, technical assistance and [...]

More than 1,600 foreign visitors aboard Azamara Quets, Costa Allegra and Sea Bonr Spirit cruise liners visited to the central city of Da Nang on January 26-27, the first two days of the traditional New Year (Tet). This is a good sign for the city’s tourism sector as it predicts a 28% year-on-year decrease in [...]

“Most foreign investors who have registered to make investment in super-projects are not big metallurgy names in the world. In many cases, they register the investments to sell later to other investors,” said Pham Chi Cuong, Chairman of the Viet Nam Steel Association. What do you think about the huge number of 32 unprogrammed-projects? I [...]

The prices of goods and services have risen just slightly during the Lunar New Year (Tet) festival thanks to various efforts by functional agencies. Reports from the Ministry of Finance and the Finance Departments of provinces and cities nationwide have shown a high stability on the Tet market this year without any goods shortages or [...]

Although health tours are still new to Viet Nam, the health tourism industry adds another dimension to Vietnam’s wide range of attractions, promising more profits for the tourist sector. Vietnam, with its temperate climate, has an abundance of natural resources to provide natural health remedies to the health tourism industry, particularly seaside resorts, hot springs [...]

The year 2008 saw effective cooperation between the State Bank of Viet Nam (SBV) and the international financial community, as well as the rapid development of foreign credit organisations in the country. Over the past year, Viet Nam successfully negotiated 17 programmes and projects worth a total of 1.8 billion USD with the World Bank [...]

Governments across Asia have pledged a combined US$700 billion in stimulus spending and central banks have slashed interest rates to spur growth and cushion the blow of plunging export demand from the West. Will the moves stave off a lengthy regional recession? Much depends on how Asian consumers and businesses respond to the stimulus measures [...]

The PM has approved a master plan for socio-economic development of B?c Giang Province until 2020. Accordingly, the province will make full use of its resources to speed up economic growth and shift its economic structure to industry and services by 2020. Under the master plan, B?c Giang must reach an annual economic growth rate [...]

Japan will soon ratify the Economic Partnership Agreement (EPA) with Viet Nam, Japan’s Chief Cabinet Secretary Takeo Kawamura, told a visiting Vietnamese Party delegation in Tokyo Friday. Japan will continue cooperation and assistance in such areas as infrastructure construction, science and technology, human resource training and health through the Japanese government’s official development assistance (ODA), [...]

Ho Chi Minh City is welcoming the Spring of 2009 (the Year of the Buffalo) with great pride as it has overcome many challenges to secure the country’s highest GDP per capita. In 2008, HCM City scored two significant achievements in socio-economic development. The city continued to maintain its GDP growth rate at 11 percent, [...]

Franchisees of the Coffee Bean & Tea Leaf, based in Los Angeles, Calif., opened six locations of the shop abroad in 2008, and company executives say the international expansion will continue in 2009. U.S. native Rachan Reddy opened the first CB&TL store in Viet Nam in Ho Chi Minh City last month. A fan of [...]

The Government chief on Jan 23 decided to provide interest rate incentives of 4% per annum. The decision is the Government’s major move to implement the investment stimulus of US $1 billion. This year, the Vietnamese Government will help business corporations and individuals access to banking loans by offering interest rate incentives, so that they [...]

The Asia-Pacific’s 3G subscriber base is expected to top 564 million by 2013, according to analyst firm Frost & Sullivan. This accounts for about 18.2% of all mobile users. The region was home to an estimated 158.4 million 3G subscribers last year and some 121 million the year before. With 3G subscriber net additions in [...]