ADB forecast 4.5% growth for Vietnam

Compiled by Thuy Hang

A day after the Vietnamese government lowered its 2009 economic growth forecast to 5 percent, the Asian Development Bank (ADB) issued a more subdued forecast of 4.5 percent economic growth.

 Vietnam’s central bank tipped to cut rates

Vietnam’s policy-makers appear to have brought inflation under control, giving the central bank scope to further reduce interest rates this year, according to the latest report by U.K. bank Standard Chartered.

Party leader meets Japanese Emperor

Vietnam and Japan work for strategic partnership

Party General Secretary Nong Duc Manh paid a courtesy visit to Japanese Emperor Akihito just after a grand welcoming ceremony hosted by Prime Minister Taro Aso in Tokyo on April 20.

Leader lauds Japan for role in region

The President of Japan’s House of Councillors, Eda Satsuki, meets Party General Secretary Nong Duc Manh (right) in Tokyo. — VNA/VNS Photo Dinh Xuan Tuan

TOKYO — Party General Secretary Nong Duc Manh said that Viet Nam has always attached much importance to developing co-operative relations with Japan.

Private equity investors still keen on Vietnam

Vietnam remains an attractive destination for private equity investors, even in the current “challenging” global economic environment, according to a survey by consulting firm Grant Thornton Vietnam.

 Vietnam PM reassures foreign investors

Vietnam will remain a dynamic economy and stable destination for investors, despite the global financial crisis, said Prime Minister Nguyen Tan Dung at the Bo’ao Forum for Asia (BFA) in China last week.

Nation eyes laws moving toward 2010

HA NOI — The programme to build laws and ordinances must prioritise areas with urgent requirements and meet demands to be practical, feasible and scientifically-based, said National Assembly Chairman Nguyen Phu Trong.

Loan guarantees ensure credit

HA NOI — Small- and medium-sized enterprises will have access to loans guaranteed by the Bank of Development of Viet Nam for building worker housing and other approved purposes, under an amended Government decision.

 Vietnamese plastic bags face U.S. lawsuit

Vietnamese plastic bags are facing an anti-dumping lawsuit from two U.S. companies, according to the Vietnam Competition Authority.

 ANZ CEO names people as bank’s biggest asset

One of the key missions of Australia and New Zealand Banking Group (ANZ) in Vietnam is to identify and develop the bank’s future leaders, according to CEO Dam Bich Thuy.