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Tag Archive for ‘Inflation’

Keppel Land Vietnam Ready To Play Waiting Game

Keppel Land Vietnam is not put off by the current gloomy property market. Linson Lim, president of Keppel Land Vietnam, told VIR last week that the government’s tightening monetary policy, which had lead to increased interest rates and reduced loans available to property buyers and developers, coupled with high inflation and cost of living, had […]

Bain Says Private-Equity Deals to Rebound: Southeast Asia

Southeast Asia’s private-equity investments will pick up as early as next year, reversing a half-decade slump as the region’s improving economic outlook attracts funds, said Sebastien Lamy, a partner at Bain & Co. Private-equity deals in the region this year are expected to match 2011’s $5.3 billion or post a decline, before staging a rebound over the next two years, Lamy said, citing Bain research. The investments dropped from a peak of $12.3 billion in 2007, according to data from the corporate consulting firm. Private-equity deals are set to grow in a region with a combined population…

New tax income threshold in Vietnam should be effective Jan 2013

Most National Assembly deputies want the higher threshold for the personal income tax suggested by the Government to be applied six months sooner than July 1, 2013, as previously planned. They also want the tax deduction rate be higher than proposed. Many NA deputies voiced their opinions at yesterday’s session in Hanoi to discuss amendments to the Law on Personal Income Tax before approving them. Accordingly, they demanded that the new personal income tax threshold, VND9 million (US$430) a month, be approved by the NA and then applied sooner, on January 1, 2013, for…

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 […]

QE-Lenient World Gives Vietnam Financial Pardon

Even after a downgrade last month by rating agency Moody’s, they’re willing to lend Hanoi dollars for less. Investors can’t stay mad at Vietnam. Even after a downgrade last month by rating agency Moody’s, they’re willing to lend Hanoi dollars for less. Rising exports have helped restore reserves and avert a potential balance of payments […]

European firms lose confidence in Vietnam

HCM CITY (VNS)— Business confidence and outlook among European businesses in Viet Nam continue to drop, the 9th EuroCham Business Climate Index survey released last Friday shows. The level has fallen to a record low of 45 points this quarter. EuroCham members who participated in the survey expressed increasing concern about their current business situation and outlook as well as the impact of increased taxes, fines, and official scrutiny. More than half of the businesses that participated in the survey are active in the services industry, a quarter in manufacturing, and the rest in trading or other…

Vietnam economy continues to face difficulties

Around 100,000 businesses are forecast to close between 2011 and 2012. The figure is equal to half of the figures over the entire past two decades since Vietnam adopted the Law on Enterprises, Chairman of the Vietnam Chamber of Industry and Commerce (VCCI), Vu Tien Loc forecast. Loc further said the enterprises that were still in business were meeting difficulties such as incomprehensive policies, lack of capital and especially a lack of transparency in the business environment. Major companies have been accused of lacking transparency, which in turn has jeopardized small businesses providing them with…

EuroCham survey in Vietnam shows new low in confidence

European companies that do business in Vietnam are becoming more pessimistic, with a new European Chamber of Commerce (EuroCham) survey showing confidence falling to a record low in the fourth quarter amid concerns over inflation and the impact of increased taxes, fines and official scrutiny. The EuroCham Business Climate Index (BCI) survey, released on November 2, also showed a further drop in respondents assessing their current business situation as positive from 30 per cent to 26 per cent. More than a third of businesses continue to have a negative view of their current situation. At the same time the neutral assessment of the…

Vietnam Sees Risk Inflation Will Accelerate, Nhung Says

Vietnam faces “high risks” that inflation will accelerate toward the end of the year as the government strives to spur lending and help businesses, according to a central bank official. “The central bank will manage its monetary policies in a manner that can bring down lending interest rates to help businesses,” Do Thi Nhung, deputy head of the monetary policy department at the central bank, told a conference in Hanoi today. Vietnam’s bank lending has stagnated as companies contend with growing inventories and decreased demand. The economy needs to expand 6.5 percent in the fourth quarter in order to meet…

Vietnam Five-Year Bonds Fall on Inflation Concern; Dong Steady

Vietnam’s five-year government bonds fell for the first time in two weeks on speculation consumer- price gains may accelerate in the final months of the year. The dong was unchanged. The nation faces a high risk of faster inflation, Do Thi Nhung, deputy head of the State Bank of Vietnam’s monetary- policy department, said at a conference in Hanoi today. Consumer prices rose 7 percent in October from a year earlier, official data show, quickening for the second month in a row. “Investors are worried about inflation for the remainder of the year,” said Nguyen Thi Ngoc Anh, head…