Vietnam’s economy is projected grow between 5.04%-5.35% this year, as compared to an expansion of 5.03% posted last year. According to the initial findings of the 2013 Annual Economic Report prepared by the Vietnam Centre for Economic and Policy Research, the nation’s inflation is expected to increase between 4.95%-6.64% during the period.
The agriculture sector, which is the backbone of the economy, grew 2.24% y/y during the first quarter of the year, registering the lowest since 2010. The country requires a stimulus package of VND 100-200trn, so as to rescue its businesses. There are about 23,200 businesses to have suspended operations, dissolved or gone bankrupt so far this year.
The acquisition of India's Essar Oil led by Russian oil major Rosneft can be “considered done”, the state-controlled company’s CEO Igor Sechin said at the annual shareholder meeting on June 22, ... more
Vietnam’s textile and garment exports to South Korea expanded 53.5% y/y recording USD 1.64bn last year, while the nation overall exports to South Korea accelerated 18.9% y/y posting USD 6.6bn. The ... more
Vietnam’s trade with Kazakhstan expanded USD 221.8mn during first eleven months last year. According to Erbolat Dossaev, Kazakh Minister of Economy and Budget Planning, Vietnam’s exports to ... more