Stocks continue slide on both exchanges

HA NOI - Stock indices continued to slide this morning as two thirds of shares lost value on both national stock exchanges.The VN-Index on the HCM City Stock Exchange gave up nearly 8 points to close the morning's session at 421 points, down 1.81 per cent from Friday's value, as losers overwhelmed gainers by 218-24. Value of trades totalled over VND1 trillion (US$47.6 million) on a volume of 57.2 million shares.Blue chips slumped as up to 28 of the top 30 shares by market value and liquidity declined, of

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Slowed rate of inflation raises fears of possible recession

Slowed rate of inflation raises fears of possible recession

Inflation rose by 0.18 per cent in May compared to the previous month, reaching a rate of 8.34 per cent since a year earlier, a rate lower than had been predicted. Viet Nam News spoke to experts about the trend in consumer prices.Phung Quoc Hien, chairman, National Assembly Committee for Finance and Budget: Phung Quoc Hien I do not think there will be a recession with the low inflation figures in May. We need to be careful when talking about

Ethnic minorities need stronger voice in public policy on poverty

Ahead of next Monday's Consultative Group meeting on breakthroughs in poverty reduction, Oxfam's associate country director Bert Maerten talks about the importance of local voices in achieving poverty reduction.Lives have improved tremendously in rural areas during the last decade, even in remote and mountainous areas. Prior to 2007, women in Ban Lien, a remote commune in northern mountainous Lao Cai Province, had little access to markets and the outside world. Since a market was set up in 2008, they have