In an interview with VNA on the occasion of the Year of the Tiger 2010, President Nguyen Minh Triet emphasises that "We are confident in our own strength, in our great national unity and solidarity, as well as with our co-operation with the international community, hence we have a renewed will and determination to enter the year 2010 when the country will host many grand celebrations and important events."
As the national economy found some bright spots in 2009 it is expected to grow at least 6.5 percent this year. VOV has asked Minister of Planning and Investment Vo Hong Phuc to elaborate on the country’s economic situation in 2009.
While property developers from Japan, Korea and other countries are holding off on investments in Vietnam, Singaporean developers are stepping up their involvement in this country.
Hanoi’s property market will experience a dramatic increase in retail supply, with major shopping centres evolving from old wet markets located on prime patches of land.
Vietnam this year has attracted US$21.48 billion in foreign direct investment (FDI), local newswire Vietnamnet quoted the investment ministry’s Foreign Investment Department as saying on Sunday.
Credit will be tightened in 2010. The move was set out at a review conference held by the State Bank at Ha Noi. Accordingly, the State Bank will control liquidation and credit outstanding loans at an increase rate of 25% only in 2010, much lower than the rate of 37.73% in the last year.
