Vietnam

Re: Vietnam

Postby kennynah » Tue Feb 21, 2012 10:54 pm

vietnam suffered a painful past in the 50s-70s when they were still colonized and their eventual struggle to free themselves. then they had to fight off the american terrorists.
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Re: Vietnam

Postby winston » Sat Feb 25, 2012 4:10 pm

Vietnam's runaway inflation eases in February

Vietnam's inflation fell for a sixth consecutive month in February to the lowest level in almost a year, according to official figures, following government efforts to concentrate on economic stabilisation.

Statistics released Friday showed that the country's consumer prices rose 16.44 percent year-on-year in February -- still a high rate, but the nation's lowest for 11 months and down from 17.27 percent in January.

Last year, the communist nation's runaway inflation was among the world's highest, peaking at 23 percent in August.

Vietnam refocused its efforts from economic growth to stabilisation to deal with the price rises and other challenges, including dwindling foreign reserves, a yawning trade deficit and downward pressure on the dong.

But a senior banker in Hanoi, asking not to be identified, said more needed to be done to curb inflation.

"There are signs of a lower credit lending rate by commercial banks to promote business and production," she told AFP. "However, it's still difficult to say whether the economic picture of the country will be better in the coming months."

Vietnam's economic growth slowed to 5.9 percent in 2011, falling just short of the government's target of six percent.

Hanoi said it aims to achieve growth in gross domestic product of 6 to 6.5 percent in 2012.


Source:AFP Global Edition
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Re: Vietnam

Postby winston » Mon Mar 12, 2012 8:19 pm

Vietnam cuts key rate for first time since 2009

Vietnam's central bank said Monday it was slashing a key policy interest rate for the first time in nearly three years after double-digit inflation eased in the communist country.

The State Bank of Vietnam will cut the refinancing rate -- which it charges on its loans to commercial banks -- to 14 percent from 15 percent with effect from Tuesday, it said in a statement on its website.

http://www.newsmeat.com/news/meat.php?a ... &buid=3281
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Re: Vietnam

Postby winston » Mon Apr 16, 2012 7:47 pm

The Opportunity Behind a Massive Disconnect by Karim Rahemtulla

Between 1991 and 1999, the value of Chinese investments in Vietnam, its neighbor to the south, was about US$120 million.

By 2010, that number had ballooned to more than US$3 billion. And if you add the amount pumped in through Hong Kong, the amount more than quadruples to close to $15 billion in projects.

The influx of cash in the early mid-2000s sent Vietnamese stocks soaring.

But as is often the case in emerging markets, when the spending bubble burst as a result of the accompanying high inflation, the market crashed to a tune of more than 70% from its highs to its lows reached early last year.

I was in Vietnam last year, on the ground, doing research in Ho Chi Minh City (formerly Saigon) and Hanoi. It was hopping! I was puzzled. This was an opportunity that could not be passed up.

There was a massive disconnect, and there still is, between what was happening on the ground and what was reflected in stock prices.

Coupled with the fact that China has no choice but to expand production using lower-cost Vietnamese workers, this was an unparalleled emerging market opportunity.

Vietnam is a vibrant country. The majority of the population is under age 45. They take pride in education and putting in a hard day's work.

The norm there is to work all day and then go to school in the evening for technical courses. The people want to get ahead, and it shows in the buzz on the streets.

The Vietnamese market will recover. Already since my trip they market has performed better than most in the world, up over 20%. It has more to go -- much more.

http://moneymorning.com/2012/04/16/wher ... eir-money/
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Re: Vietnam

Postby winston » Tue Apr 24, 2012 8:42 pm

The Dispute Over the Confiscation of Land for a Planned Satellite City Has Been Going on for Six Years

Vietnamese farmers stage a protest over land lost in downtown Hanoi in February.

Vietnamese riot police fired warning shots and tear gas to break up a protest by hundreds of angry farmers against a forced eviction on the outskirts of the capital Hanoi, witnesses said.

Source: AFP ASIAN EDITION
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Re: Vietnam

Postby winston » Sat May 05, 2012 4:14 pm

So u still wanna invest in a place like this ?

Vietnam dissident has jail appeal rejected

A Vietnamese land rights activist will serve seven years in jail after a court rejected an appeal against his conviction for spreading anti-government propaganda, according to state media.

Nguyen Ngoc Cuong, 56, and his son Nguyen Ngoc Tuong Thi were convicted in October 2011 in southern Dong Nai province of using an online forum "to distort the policies of the state and the party," official media reported.

"As the appeal of Nguyen Ngoc Cuong had no mitigating circumstances, the court decided to uphold his conviction of seven years imprisonment imposed in the first trial," the Communist Party newspaper Nhan Dan said.

However, on Friday his son's sentence was reduced by six months to one-and-half years in prison, the daily added.

The pair rose to prominence for their campaigns on behalf of farmers embroiled in land disputes with local authorities, an increasingly sensitive issue in Vietnam.

The two men were arrested in March 2011 for distributing more than 1,200 "anti-government" leaflets, giving money to protesters and for publishing online interviews critical of the communist regime.

Charges of propaganda against the state and attempting to overthrow the regime are routinely used against dissidents in a country where the Communist Party forbids political debate.

Source: AFP Asian Edition
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Re: Vietnam

Postby winston » Tue May 29, 2012 6:23 pm

Vietnam’s Stocks Seen Gaining 65% as Rates Fall: Southeast Asia

Vietnamese stocks, Asia’s biggest losers during the past five years, are rising the most in 2012 as the nation’s largest money managers say falling interest rates will reverse the deepest earnings slump in three years.

The benchmark VN Index may extend its rally by another 65 percent through 2013 after climbing 24 percent since December, said Samsung Asset Management.

Vietnam is cutting borrowing costs from a three-year high after inflation fell to 8.3 percent this month from 23 percent in August, economic growth slowed to the weakest pace since 2009 and VN Index profits sank 12 percent in the first quarter.

http://www.bloomberg.com/news/2012-05-2 ... -asia.html
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Re: Vietnam

Postby winston » Tue Jun 05, 2012 5:55 pm

Vietnam Growth May Be as Low as 5.2% This Year, Official Says

Vietnam’s planning ministry said that economic growth may slump to as low as 5.2 percent in 2012, which would be the slowest pace in more than a decade.

http://www.bloomberg.com/news/2012-06-0 ... -says.html
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Re: Vietnam

Postby winston » Sun Jun 24, 2012 2:56 pm

Vietnam’s Economy Grew 5.9 Percent Last Year, and the Government Is Aiming for a 6.0-6.5 Percent Expansion This Year

Vietnamese inflation slowed to the weakest pace in a year in June, an official estimate showed, mirroring slowing economic growth in the communist state.

Source: AFP ASIAN EDITION
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Re: Vietnam

Postby winston » Sun Jul 01, 2012 6:08 pm

Vietnam cuts key interest rates: Central bank

HANOI (AFP) - Vietnam's central bank said it will trim key interest rates from Sunday, its fifth cut so far this year as inflation cools amid signs of weakening economic growth.

The State Bank of Vietnam said it would lower the refinancing rate - charged on loans to commercial banks - to 10 per cent from 11 per cent.

Other measures include lowering the discount rate from nine percent to eight per cent, and the overnight inter-bank lending rate to 11 per cent from 12 per cent, the bank said in a statement posted on its website following the decision on Friday.

This is the fifth time this year the central bank has cut rates, following similar reductions in March, April, May and June.

Source: AFP
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