BUY & SELL XRPUSD | View XRPUSD News & Updates
Standard Chartered Bank: Vietnam’s growth rate could be 6.7% 2010-03-15 - VietNamNet/TBKTVN
Standard Chartered Bank’s latest report on the economy, maintains that
Standard Chartered: Vietnam makes it a different year Standard Chartered, Fitch revise Vietnam outlook Standard Chartered Bank raises stake in Asia Commercial Bank
The bank worries that inflation in December 2009 and January 2010 grew to over seven percent. This was for the first time since 2008 that monthly inflation increased by more than one percent during the two consecutive months. Food prices, accommodations and transport cost were cited as the main factors leading to the sharp increase of inflation. The Government hike in electricity and coal prices will force inflation higher, “contributing” to the consumer price index (CPI) by 0.23-0.36 percent. Meanwhile, the depreciation of the dong may also put pressure on imports. The Standard Chartered Bank’s research team thinks that inflation may exceed 10 percent by the end of the year and reach 8.9 percent on average for 2010. The research team reasons that To date, Vietnamese economists still disagree on whether high inflation will be the major threat for 2010. Some believe that it would be an “exploit” to keep the inflation rate at one digit rate in 2010, while others contend that |
|
Other news
BUSINESSS IN BRIEF 15/3 2010-03-15
Progress resumes on Taiwanese steel plant 2010-03-15
Ford Vietnam may also have accelerator problems 2010-03-15
Thirsty for capital, export companies miserable 2010-03-15
Bank refuses to sell dollars to client 2010-03-15
Lending interest rate now high, but will decrease 2010-03-15
March 30 nears, but many speculators can’t sell their gold 2010-03-15
BUSINESS IN BRIEF 14/3 2010-03-14
Private sector growth not matched by quality 2010-03-14
Developers launch Ha Noi housing projects 2010-03-14
Exports increase 0.1% in first two months 2010-03-14
Vietnam airline market takes off 2010-03-14
BUSINESS IN BRIEF 13/3 2010-03-13
US releases shrimp probe results 2010-03-13