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Larger volumes of liquidity provided by authorities and positive reactions from market participants have stabilised the forex market.
Local commercial banks’ credit growth this year will be extricated from the 25-27 per cent cap to pump capital into the economy.
Economic watchdogs will remain on alert for the rest of the year to guarantee excessive inflation does not rear its ugly head despite some signals of cooling down.
Ministries, agencies and localities must put in a great deal of effort to realise Vietnam’s socio-economic development targets in 2009, said Prime Minister Nguyen Tan Dung at a two-day regular Cabinet meeting which ended in Hanoi on September 1.
The central province of Quang Nam on Sunday launched the construction of a VND2.5 trillion- (US$140.27 million) bridge over Thu Bon River.
Hanoi’s People’s Committee on Friday officially requested the government to allow it to revoke the licenses of 11 golf courses.
Taxi fares and transport costs are set to go up soon after the fuel price hike on Sunday.
A technical problem leading to a temporary shutdown of Dung Quat oil refinery will be identified and fixed in the next few days, the project management said.
Agribank Securities Inc., the brokerage unit of Vietnam’s biggest lender, said it expects to start trading on the Ho Chi Minh Stock Exchange in December to take advantage of a rebound in the stock market.
Banks in Vietnam cut their dollar lending rates on the interbank market in the past week due to a growing surplus after firms switched to borrowing in Vietnamese dong under a government stimulus package, bankers said.
Vietnam, the world’s second-largest coffee exporter after Brazil, could ship 1.15 million tons this year, a rise of 15 percent from 2008, an industry report said.
Radio the Voice of Vietnam (VOV) on August 29 officially launched its broadcasting services to the East Sea with the presence of Prime Minister Nguyen Tan Dung.
