Vietnam Economy Forum

[terranMarine]

They don't need China, Japan is enough to replace us as trading partner.

 

[cirr]

What's the latest on the high-speed railway that Japan is supposed to be helping build in Vietnam?

Don't tell me that nothing will materialize when the Thailand HSR, built with the aids of Chinese technoloy and financial support, goes into operation.

 

[Sanchez]

If all Chinese men are allowed to install a second wife which they import from Vietnam, then Viets can reverse the deficits...

 

[EastSea]

What's the latest on the high-speed railway that Japan is supposed to be helping build in Vietnam?

Don't tell me that nothing will materialize when the Thailand HSR, built with the aids of Chinese technoloy and financial support, goes into operation.

The project is under feasibility study step before submit to Govt to get approval.

If all Chinese men are allowed to install a second wife which they import from Vietnam, then Viets can reverse the deficits...

It's reported that chinese did it in Africa.
Read. or here.

 

[EastSea]

Son La hydro-electric power plant launches fifth turbine

Son La hydro-electric power plant launches fifth turbine - Industries - VietNam News
HA NOI - Viet Nam's largest hydro-electric power plant in the northern mountainous province of Son La today launched a trial run of its fifth turbine with a capacity of 400 MW.
The Son La Hydro-electric power plant's fifth turbine is expected to be connected to the national grid in four days, and the final turbine will be operational by August, three years ahead of schedule.
Construction of the VND37 trillion (US$1.8 billion) power plant began in December 2005. When fully operational, the 2,400MW plant will be able to supply 10.2 billion kWh of electricity a year. --VNS

 

[beijingwalker]

Vietnam growth at 13 year-low in 2012
Last Updated: Monday, December 24, 2012 03:00:00

Vietnam's economic growth slowed to the weakest pace in 13 years in 2012, official figures showed Monday, piling more pressure on the government.

Gross domestic product (GDP) grew by 5.03 percent this year, according to the General Statistics Office, missing a government target of 5.2 percent which had already been lowered from an earlier forecast.

In 2011 the economy expanded by 5.9 percent.

"Economic growth is falling sharply. It's not a recession but the figure is too low," said Vu Dinh Anh, deputy director of the state-backed Institute of Economy and Finance.

"Growth won't be very positive in 2013 either," Anh added.

There are signs of rising public dissatisfaction over the state of the economy.

In October the communist party as well as Prime Minister Nguyen Tan Dung admitted to mistakes in their economic stewardship.

The country faces growing worries about inflation, bank debts, falling foreign direct investment and a string of financial scandals among state-owned firms such as shipbuilder Vinashin.

In an attempt to boost struggling companies, Vietnam's central bank on Monday reduced its key interest rates for the sixth time this year.

The refinancing rate -- charged on loans to commercial banks -- was cut to nine percent from 10 percent while the discount rate was lowered to seven percent from eight percent.

Vietnam launched a string of interest rate rises in 2011 to prevent the economy from overheating and to rein in double-digit inflation, but with growth slowing the authorities this year resumed monetary stimulus efforts.

The economy showed signs of picking up pace slightly towards the end of 2012, with GDP growing 5.44 percent in the fourth quarter from a year earlier, after a rise of 5.05 percent in the third quarter, the data showed.

Inflation slowed to 6.8 percent in December year-on-year from 7.08 percent in November, the General Statistics Office said.

Vietnam also logged a trade surplus in 2012 for the first time since 1993, totalling 284 million dollars, but that was largely because of the weak domestic economy, it added.

"The main reason for the trade surplus this year was a slowdown in domestic production and consumption, so imports grew much more slowly than exports," the office said.

Vietnam latest news - Thanh Nien Daily | Vietnam growth at 13 year-low in 2012

 

[Chinese-Dragon]

5% is not too bad, considering the global economic downturn.

 

[beijingwalker]

but it's base is vey low,it's like nothing there,when you are at the very bottom,the only way is to go up.that tiny country is a bottom feeder in this world.

 

[itaskol]

the GDP growth of china in 2012 is also bad. only 7.7%
2012GDP7.7%

 

[EastSea]

5,2 % is better USA and Japan, first and thrird powers in economy, but China is best, congratuation.

 

[PITA]

5% is not too bad, considering the global economic downturn.

They are quite industrious and resourceful people and will find a way out of this.

 

[itaskol]

every countries suffer the same problem with GDP growth in 2012. bad year.

and btw. india growth is also worse as forecast.
India Economic Report - December 2012 » TheCityUK

 

[rcrmj]

5,2 % is better USA and Japan, first and thrird powers in economy, but China is best, congratuation.

they are ultra developed countries``how you compare vietnam to them`??

 

[itaskol]

2012 GDP growth for Brics countries.
1.china 7,7% lower than forecast
2.russia 3.7% S&P lowers 2012 Russian GDP growth forecast to 3.7% from 4.1%
S&P lowers 2012 Russian GDP growth forecast to 3.7% from 4.1% » Interfax News Wire :: Russia, Ukraine, Kazakhstan and Central Asia
3.india arround 5.5% India Economic Report - December 2012 » TheCityUK lower than forecast
4.Brazil only 1 prozent "Brazil Central Bank cuts GDP growth forecast"
Brazil Central Bank cuts GDP growth forecast - Telegraph
5.south africa 2.6%

the brics countries should thank china

 

[cirr]

Being a tiny economy with a huge population，Vietnam should be able to grow 10% plus for decades。

Low growth rate but sky-high inflation。

What's wrong？What are the root problems？