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Cutting public investment of 1.1 billion USD

... bonds, 25 percent of the yearly capital target.Deputy Minister of Planning and Investment Nguyen Duc Hoa said that to cut investment capital from budget but still ensure implementation of projects, the ministry issued circular on investment under BOT (Build-Operate-Transfer), BO (Build-Operate), and BT (Build-Transfer) Model. Accordingly, some projects using the state budget will be moved...

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Vietnam’s footwear industry likely faces added woes

The Association of Footwear Producers of Italy as an EC member will likely ask the commission to extend the anti-dumping tariff deadline, according to the Vietnam Leather and Footwear Association, or Lefaso.Lefaso chairman Nguyen Duc Thuan said that the anti-dumping tariff had been applied since 2006, and would be automatically removed on October 7 in case the EC receives no appeal from any...

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Senior planning official points to difficulties ahead

Deputy Minister of Planning and Investment Nguyen Duc Hoa on July 1 warned of big difficulties facing the national economy in the second half of the year while noting upbeat achievements in the first half. At a press briefing on the country’s socio-economic situation in the first half of the year, Hoa pointed to the threats of a continued rise in consumer price index, widening trade deficit,...

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Vietnam reports GDP growth of 6.5 per cent in first half of 2008

... obtain an economic growth of at least 7.4 per cent in the second half of the year," GSO director Nguyen Duc Hoa said. Vietnam posted 7.36 per cent growth in the first six months of 2006 and 7.91 per cent in the first half of 2007, according to GSO figures. The office said inflation slowed slightly in June to 2.14 per cent, compared with 22.19 per cent in May, but it has reached 18.44 per...