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Tag Archive for ‘CPI’

Vietnam Ministry In Talks For Foreign Loans

The Ministry of Finance is now in talks with foreign creditors over 22 credit agreements, and the amount having been tentatively approved in such loan agreements has reached some US$2.6 billion as of now, the ministry said. In a press statement on Monday, the ministry said that the loans are to replenish capital sources used […]

Vietnam NA Thumbed-Up 2013 Targets

A national plan for Vietnam’s socio-economic development for next year has taken shape. The National Assembly last week adopted a resolution on this plan, with 457 out of 459 delegates at the gathering agreeing on it. Despite some hiccups, Vietnam’s growth fundamentals remain in place – illustration photo The resolution said the overall target of the government’s macro-economic monitoring for 2013 was “strengthening the stabilization of the macro-economy, curbing inflation at a rate lower than in 2012 and achieving an economic growth rate higher than in 2012.” Specifically, the economic growth rate is expected to grow about 5.5 per cent, while the consumer…

Interest Rates Are Now Back to 2007’s Level, Says Vietnam Central Bank

The average deposit as well as lending interest rates have dropped to roughly 2007’s levels [before the global economic crisis], the local online newspaper TTVN.vn reported, citing data from the central bank. Specifically, deposit rates have decreased by 3-5% p.a while lending rates fell by 5-8% p.a. from the beginning of 2012. Lending rates were […]

Vietnam G-bond yield falls in all tenors

As per the bond report in week between October 29 and November 2 issued by Bao Viet Securities Joint Stock Co (BVSC), the secondary market in week was less exciting with a total trading value of over 1.556 trillion dong, down over 20 percent from the previous week. Bond transactions for less than 3-year tenors […]

Vietnam Aims For 5.5 Percent Economic Growth

The National Assembly (NA) has approved the Resolution on 2013 the plan for socio-economic development. On November 8, more than 90 percent of NA deputies voted for the Resolution aimed at stabilizing macroeconomy, achieving higher economic growth and controlling inflation. They agreed that the main focus will be on removing obstacles to businesses, promoting exports, reforming education, and increasing the quality of human resources. They stressed the need to boost the economic restructuring process, shift growth models, ensure social welfare, increase national defence and expand external relations, thus creating a firm foundation for future development. The deputies overwhelmingly approved the goals of…

Reports Say Vietnam Inflation At 8% This Year

Given the developments in the year to date and possibly influential factors in the final months, the whole-year inflation rate may be 8% as targeted, say the latest macro-economic reports of HSBC Vietnam and Vietcombank Securities Company. The report of HSBC remarks the consumer price index (CPI) had risen 7% year-on-year by the end of […]

Vietnam Central Bank Net Withdraws VND7.9Tln in October: VCBS

The State Bank of Vietnam (SBV) net withdrew VND7.07 trillion through open market operations (OMO) and VND844 via sales of Treasury bills in October this year, the Vietcombank Securities Company (VCBS) said its latest macro-economic report. The monetary authority net injected VND2.369 trillion in September. The net withdrawal in the past two months represented 86% of total net injection in August to support liquidity of several banks following a series of bankers’ scandals. Also in October, the central bank resumed selling T-bills after it stopped issuing the short-term debts in mid-June. In the primary market, Treasury…

Lawmakers Tackle Vietnam Economic Woes

Embracing policies to remove difficulties in the economy, surplus stock, and instability in the financial system and the stock market were the main issues discussed yesterday at the ongoing 13th National Assembly in Ha Noi. Talking over of the country’s socio-economic and State budget in 2012 and plans for 2013, deputies said the Government should declare comprehensive measures and policies to promote the economic restructuring process and reform of growth models. Deputies also agreed the Government should continue to control inflation, macroeconomic stability and flexibility in monetary policy management. They felt priority should be given to helping enterprises reduce surplus stock…

Vietnam 10M Credit Growth Forecast at 3%: NFSC

Total lending of the entire banking sector is expected to climb to 3% by the end of October this year, representing a modest rise of 0.5% on month, according to the latest report of the National Financial Supervision Committee (NFSC). Experts project full-year lending expansion at only 4-5% in 2012, well below the government’s expectation of 8-10%…

Vietnam Ministry Projects 8% Inflation

HA NOI (VNS) — The country’s consumer price index (CPI) was expected to increase 8 per cent for this year against last year if the state continued existing policies on curbing inflation, an official of the Ministry of Industry and Trade (MoIT) said at the ministry’s monthly meeting on Monday. Vo Van Quyen, head of the ministry’s Domestic Market Department, said a year-on-year increase of 8 per cent for the national CPI this year was possible. After the CPI experienced a sudden hike of 2.2 per cent in September due to increases in school fees, the State…