» 12/02/2010, 00.00
Vietnam must change development model
This is what many economists believe given the country’s high inflation rate, weak currency and lack of firm economic policy. The government, however, is waiting for next month’s Communist Party congress; hence, no initiative is being taken.
Hanoi to control inflation and credit to boost economic growth
Vietnam's premier sets the goals for the country's development in competition with other Southeast Asian economies. Manufacturing is a key sector, especially at a time when many are delocalising from China. The government also plans to restructure banks and state-owned enterprises.
To combat economic crisis, government suggests less meat, shorter showers
It is the Asian country hardest hit by the global crisis. Unemployment and inflation are on the rise. The prime minister announces plan to draw on foreign currency reserves.
30/09/2005 middle east
Foreign investments grow 51 per cent in Mideast
Foreign investments in China rise, fuelling fears about inflation
In January, foreign investments jumped by 23.4 per cent from a year earlier. In 2010, foreign capital flowing into China reached record proportions. However, these investments are often speculative in nature, centred on real estate. Experts warn that Beijing must appreciate the yuan if it wants to curb inflation.
Against crisis, government to support agriculture and modernise infrastructures
The rural sector is facing hardships because of poor monsoon rains. More spending in infrastructures is needed to attract more foreign investments. However, this could trigger higher inflation and eat away the benefits of economic growth.
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