State set to decentralise ODA

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Báo Đầu Tư English 88 month(s) ago

The government is to further delegating management of Official Development Assistance-funded projects to local authorities, a move partly to appease international donors concerned about a lack of efficiency in ODA usage.

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Dung raises the bar on growth targets

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Báo Đầu Tư English 88 month(s) ago

Dung raises the bar on growth targets

The Vietnamese government has set out a highly ambitious socio-economic development scenario for 2007 based on forecasts of a growing global economy, and on Vietnam’s accession to the WTO, in a move to achieve the nation’s five-year plan until 2010.

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State spending set to inflate budget deficit

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Báo Đầu Tư English 88 month(s) ago

Vietnam’s state budget deficit will grow next year with increased state spending on key development projects, but revenues from crude oil will drop, as planned, to maintain sustainable use of the nation’s natural resources.

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Final steps on the 12-year WTO road may be made in November

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Báo Đầu Tư English 88 month(s) ago

Final steps on the 12-year WTO road may be made in November

Vietnam’s 12-year journey to WTO accession is due to end in early November.WTO Accession for Vietnam Working Party chairman Eirik Glenne last week declared that the country had concluded all the necessary negotiations to become a full member of the global trade body and an admission ceremony was expected in early November.

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APEC Vietnam to boost economic cooperation

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Báo Đầu Tư English 88 month(s) ago

APEC Vietnam to boost economic cooperation

During its 20 years of doi moi (renovation), Vietnam has gradually reformed economic mechanisms and integrated into the international economy.

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Vietnam enters the world stage

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Báo Đầu Tư English 88 month(s) ago

Vietnam enters the world stage

Vietnam is now centre stage. The Asia Pacific Economic Cooperation forum (APEC), which gathered economic leaders from 21 member economies, has brought the country into the global spotlight as a dynamic economy rather than the impoverished and war-ravaged land it used to be.

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Bush visit ignites bourse

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Báo Đầu Tư English 88 month(s) ago

Bush visit ignites bourse

Vietnam’s stock market is more bullish than ever in its six-year history following the historic visit by US president George W. Bush to the Ho Chi Minh City trading floor last Monday.

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MPI lynchpin for growth

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Báo Đầu Tư English 88 month(s) ago

MPI lynchpin for growth

An improved investment climate, revised sectoral planning schemes and increased investment monitoring and inspection will be the major tasks required of the planning and investment sector to achieving the nation’s 8.5 per cent GDP growth in 2007.

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Private firms make up bulk of business

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Báo Đầu Tư English 88 month(s) ago

Private firms make up bulk of business

Private and foreign-invested firms have continued to flourish over the past year while the number of state-owned enterprises shrank, with many being restructured into corporations, according to the General Statistics Office.

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Donors’ confidence

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Báo Đầu Tư English 88 month(s) ago

Donors’ confidence

A record $4.45 billion in international donors’ pledges for 2007 is a mark of increased confidence in Vietnam’s use of overseas aid and support to the nation’s five-year socio-economic development plan to 2010.

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Calls for climate control

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Báo Đầu Tư English 88 month(s) ago

Prime Minister Nguyen Tan Dung is urgently seeking recommendations from ministries and local governments for ways to improve the business climate and attract more investment as the nation joins the WTO.

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PM tough on corruption

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Báo Đầu Tư English 88 month(s) ago

The government is wasting no time in continuing the fight against corruption this year, with the prime minister urging his officials to tackle administration reform and waste issues, in a bid to maintain high and sustainable economic growth.

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Party and government agencies to slim down

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Báo Đầu Tư English 88 month(s) ago

Party and government agencies to slim down

The Central Party Committee last week closed its fourth plenum with a decision to reduce the number of central level Party organisations to six, halving them in the hope of increasing efficiency in their operation.

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EC upbeat on market economy transition

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Báo Đầu Tư English 88 month(s) ago

EC upbeat on market economy transition

Vietnam has made significant progress towards achieving market economy status, a senior European Commission official said last week.

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Rolling blackouts headed your way: EVN

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Báo Đầu Tư English 88 month(s) ago

An electricity shortage is looming and will probably have a negative impact on the economy, according to Electricity of Vietnam.

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