Subscribe free to our newsletters via your




POLITICAL ECONOMY
Vietnam's growth accelerates despite anti-China riots
by Staff Writers
Hanoi (AFP) Sept 29, 2014


Vietnam's economy grew at its fastest rate for three years in the first nine months of 2014, government figures showed Monday, despite deadly anti-China riots that targeted factories and threatened to dent foreign investment.

Gross Domestic Product (GDP) grew at 5.62 percent between January and September this year, up from 5.14 percent in the first three quarters of 2013 and 4.73 percent over the same period in 2012.

While noting the figures marked a "positive change" Prime Minister Nguyen Tan Dung called for further measures to boost the country's economy in a statement on the government's website.

"We have to concentrate on effectively dealing with shortcomings, weaknesses and difficulties that are hindering production, business and growth," Dung said.

The government has targeted full-year growth of 5.8 percent.

In May anti-China riots rattled parts of the nation after Beijing moved a deep-water oil drilling rig into waters in the South China Sea claimed by Hanoi.

Some foreign-backed factories were set on fire, alarming investors who had previously been attracted to the communist country for its reputation for stability and security.

Immediately after the unrest, Dung pledged to step up economic reforms and prevent a repeat of the riots, promising assistance to affected businesses.

China withdrew the rig mid-July, a month earlier than initially expected, claiming it had successfully completed the drilling mission.

Although Chinese tourist arrivals have fallen dramatically since Beijing imposed a travel ban, the wider economic fallout from the riots appears to have been contained.

For years, Vietnam has struggled with sluggish growth due to structural problems including toxic loans paralysing the banking sector and inefficient state-owned companies, which still dominate the economy.

Last year, Vietnam's economy grew 5.42 percent, picking up speed slightly after its worst performance in more than a decade the previous year.

According to state media, the Vietnamese government has revised its GDP growth target to 6.2 percent for next year, higher than the earlier target of 6.0 percent.

.


Related Links
The Economy






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








POLITICAL ECONOMY
Alibaba approved for private bank in China: regulator
Shanghai Sept 29, 2014
Chinese e-commerce giant Alibaba, which completed the world's largest stock offering earlier this month, has received approval to set up a private bank, it was announced Monday. The China Banking Regulatory Commission (CBRC) said Alibaba would be the majority shareholder with a 30 percent stake in a private bank to be established in the eastern province of Zhejiang, where the company is head ... read more


POLITICAL ECONOMY
Japan, Mexico to join UN peacekeeping

Germany to host conference on Syrian refugees

Los Cabos celebrity haunt races to recover from storm

Turkish leader presses Europe on Syria refugees

POLITICAL ECONOMY
Russia Unable To Reject Foreign Parts in GLONASS Satellites

Talks Over GLONASS Station Locations in US on Hold

Sam Houston State study examines use of GIS in policing

Western Sanctions Fail to Impede GLONASS Satellite Production

POLITICAL ECONOMY
New study explains the brain of multitaskers

Politics Divide Coastal Residents' Views of Environment

Stone Age site challenges assumptions about human technology

Innovative Stone Age tools were not African invention

POLITICAL ECONOMY
Without internal clock, these blind fish can't get jet lag

Eyeless Mexican cavefish eliminate circadian rhythm to save energy

Goats better than chemicals for curbing invasive marsh grass

Ancient multicellular life sets timeline back 60 million years

POLITICAL ECONOMY
Sierra Leone quarantines one million ahead of UN Ebola talks

UN confronts deadly Ebola epidemic

UTSA microbiologists discover regulatory thermometer that controls cholera

Sierra Leone's three-day Ebola shutdown ends

POLITICAL ECONOMY
Man stabs four school kids to death in southern China: Xinhua

Parents protest in China after school stampede kills 6

Six Nobel laureates boycott summit over Dalai Lama visa

China puts former top economic planner on trial

POLITICAL ECONOMY
Hijacked Singaporean ship released near Nigeria: Seoul

Chinese fish farmer freed after Malaysia kidnapping

POLITICAL ECONOMY
China September PMI misses estimate: HSBC

Vietnam's growth accelerates despite anti-China riots

Alibaba approved for private bank in China: regulator

Modi election points to India economy 'turnaround': ADB




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.