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VietNamNews

Outlook on the economy

Update: August, 13/2012 - 10:16

 

Viet Nam's economy is on the right track, said Prime Minister Nguyen Tan Dung at a meeting earlier this month, noting successes in easing inflation and promotion of agriculture and industry.

This month's issue of our news magazine reports on the key economic challenges ahead, including issues highlighted by the Prime Minister such as low purchasing power and an increase in businesses that have to close down.

Outlook, which goes on sale in Ha Noi, HCM City and other major centres this morning, examines the factors behind the recent slowdown in price hikes. We find that a brief deflationary period has come about due partly to falling consumer purchasing power, weakening demand and high inventories.

Our report on State enterprises finds that some Government-run groups that continue heavy borrowing threaten to cause a public debt crisis, while private businesses are also causing concerns due to rising bad debts. We report on the struggle rural workers face in finding stable jobs, while also highlighting some local businesses that have had success in bucking the global recession.

Elsewhere in this month's issue, we take a special trip to Tango capital Buenos Aires, sample the local staple of sticky rise, and meet a Vietnamese model and businesswoman whose spectacular fashion shows are turning heads around the world.

Readers can also catch up on what's hot in the country's culinary, sports and arts scenes - and check out listings for everything from bars to embassies. Outlook retails for VND15,000 at news-stands, major hotels and restaurants and can be purchased at the head office of the Viet Nam News at 11 Tran Hung Dao, Ha Noi, or at our HCM City office at 120 Nguyen Thi Minh Khai Street. — VNS

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