Unprecedented credit market movements are making the banking sector nervous. According to the State Bank’s latest monthly report, outstanding loans expanded by 1.86 per cent in May, 2010. On aggregate, credit growth in the first five months of 2010 was 7.46 per cent. However, if the credit in Vietnamese dong just grew by 2.5 per cent, dollar credit boomed by 25 per cent. Vo Thi Sanh, vice head of... 

HCMC – Vietnam’s business confidence has improved in the first half of this year although many parts of the world continue to deal with financial problems, according to the latest Business Barometer Survey released by Nielsen Vietnam on Tuesday. The third online survey, carried from March to May this year, is designed to gauge Vietnam’s business leaders’ sentiment. Topics include advertising... 

Citigroup Inc. said Vietnam’s economic growth in the fourth quarter of 2009 was stronger than expected and full-year expansion was “far more resilient” than the rest of Asia with the exception of China, Bloomberg newswire reported Tuesday. Data released last week by the General Statistics Office in Hanoi showed the economy expanded 6.9 percent on-year in the fourth quarter, up from a revised... 

HANOI – The daunting year of 2009 is out as the local economy has been creeping out of one of the worst crises and returned to the high-growth path, with GDP beating all forecasts to reach 5.32% for the whole year. Challenges looked insurmountable in the beginning of the year, with observers and researchers giving downbeat forecasts, but the year is coming to a comfortable end with positive growth...