Macro-economic stability a priority: VBF
HANOI – The business community has petitioned the Government to continue the austerity measures aimed at macro-economic stabilization.
Economic Stability
Fitch warns of Vietnam rating downgrade on uncertainty
HCMC – Although affirming the stable ratings outlook on Vietnam’s debt payment ability, the international credit rating agency Fitch in a latest report on Vietnam warned that it would downgrade the country if current uncertainties of the economy continue.
Monetary tools exhausted, says financial committee
HANOI - Monetary policy has been exhausted and there is little room to exercise this year except fiscal measures to secure the country’s macro-economic stability, warned the National Financial Supervisory Committee.
Gov’t consent with growth, vows to fight inflation
HCMC – The Government in the year-end meeting convened in Hanoi on Wednesday highlighted growth indicators in 2010, saying economic development this year laid ground for further expansion in 2011. But the Government leader also vowed to take tough measures to fight inflation next year for macro-economic stability.
IMF sees Vietnam reserves rising despite pressure
International Monetary Fund sees Vietnam's foreign reserves growing steadily in 2010-2011 after a sharp drop as long as economic stability is maintained
From Industries
Major equipment agreement for thermoelectricity plant signed
HN -- An agreement for that design and offer of apparatus and technological services for that Thai Binh 2 Thermoelectricity Plant Project was signed in Ha Noi yesterday.Anything, more vital than US$826 million, was signed between your PetroVietnam Construction Joint Stock Corporation (PVC) and also the Sojitz-Daelim companies (SDC).Speaking in the signing ceremony, general director from the PVC Vu Duc Thuan stated anything incorporated equipment supply along with a detailed design for that turbine and
New plant makes energy converters
HCM CITY — A electronic energy ripper tools factory that includes alternative energy design features was inaugurated within the southern province of Binh Duong yesterday.Situated within the province's My Phuoc Industrial Park No 3, the 11,600 sq.m factory has manufacturing, putting together, engineering and testing facilities in addition to administrative offices from the XP Energy Viet Nam Co Ltd.It had been shipped on the turnkey basis by Singapore-based Boustead Projects Pte Ltd, a wholly possessed
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