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Retail sales see modest rebound in July

retail sales

Retail sales value of goods and services in July surged 0.12 percent to US$9.10 billion, according to the General Statistics Office (GSO). 

 

National strategy targets public debt reduction

A limit of public debt to no more than 65 percent of the gross domestic product by 2020 and 60 percent by 2030 has been targeted in a national strategy approved on July 27.

   

Footwear sector gaining ground

Despite the impact of global economic downturn, the footwear sector has grown strongly over the past five years with the export volumes of shoes rising 163 percent and bags 205 percent. The [ … ]

   

Exports likely to reach set target

The Ministry of Industry and Trade has predicted that Vietnam's export turnover in 2012 will reach US$109.5 billion, up 13 percent against 2011.

   

Vietnamese businesses scoop ASEAN awards

A ceremony that recognises outstanding ASEAN enterprises and their contributions to developing the region’s economy was held in Vientiane, Laos on July 28.

   

State budget reached $28 billion in 2010

Total State budget revenue in 2010 reached VND588.4 trillion (US$28 billion) while total expenditure hit VND648.8 trillion ($30.89 billion) due to increased spending for development investme [ … ]

   

Vietnam's bad debt at 4.47 pct as of May -cbank

Bad debts from outstanding loans in Vietnam's banking system rose to 4.47 percent at the end of May from 4.14 percent a month earlier as businesses could not settle loans due to their high i [ … ]

   

50% of bad debts feared insolvent

In 2011 banks lent out a total of VND258 trillion (USD124 billion) to businesses, with about 10% of them now being considered bad debts, half of which are considered insolvent.

 

   

News Corp board agrees to split in principle: WSJ

The board of Rupert Murdoch's News Corp has agreed in principle to separate its larger entertainment division from struggling publishing businesses, according to the Wall Street Journal.

   

China telecom firms may be subsidized: U.S. lawmaker

Two of China's top telecommunications companies may be selling subsidized gear in the United States, and legislation could be proposed to deal with any related national security threat, the [ … ]

   

Vietnam among top 29 fastest growing economies

The Southeast Asian economy is projected to achieve a growth rate of 6.3 percent in 2013 and 6.5 percent in 2014 to rank 22nd among the 29th fastest growing economies in the world. 

   

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