For the first six months of this year, total overseas remittance through HCM City's banking system was US$2.25 billion, a slight increase compared with the same period last year, according to a report from the representative office of State Bank of Viet Nam in HCM City.
Last year, around $4.8 billion was transferred to Viet Nam, with 72 per cent in trading and production, 21 per cent in the real estate market and 7 per cent sent to relatives.
Tuoi Tre (Youth)
Businesses back PPPs for infrastructure
More than 44 per cent of enterprises would like the Government to expand the Private-Public Partnership (PPP) model to cover traffic infrastructure, and 34 per cent would like it be used in electricity production and distribution. Ten per cent would be used for port services and 3.5 per cent for telecommunications.
The figures were included in a recent report from the Viet Nam Chamber of Commerce and Industry (VCCI) about the awareness of business community about PPP.
Most enterprises taking part in the survey praised the PPP model's effectiveness, especially the Build – Operate – Transfer (BOT) model.
Nhan Dan (The People)
GDP increases 5.18% in H1
For the first half of the year, GDP increased 5.18 per cent compared with the same period last year, the Statistics General Department said.
In the first quarter, GDP grew 5.09 per cent and increased 5.25 per cent in the second quarter.
Agriculture, forestry and fisheries increased 2.96 per cent and contributed 0.55 per cent to national GDP; industry and construction grew 5.33 per cent and took 2.06 per cent; meanwhile, services rose by 6.01 per cent, contributing 2.57 per cent of national GDP.
The Consumer Price Index for the last six months increased 4.77 per cent. The Vietnamese economy appears to have moved beyond its bottom point, and now shows low inflation, a good sign of growth.
Nguoi Lao Dong (The Labourer)
Poor households take part in insurance project
From 2011 to 2013, the pilot agricultural insurance project served 304,000 households (of which 77 per cent were poor) and organisations.
At least 236,400 households paid premiums to cover their rice, and over 60,000 households paid for animals. In addition, 7,500 others paid for aquaculture.
The total value for insurance was VND7.7 trillion (US$330 million). Total premiums were VND394 billion ($19 million) and compensation paid amounted to VND701 billion ($33 million).
Sai Gon Giai Phong (Liberated Saigon)