| View previous topic :: View next topic |
| Author |
Message |
sigmoid
Joined: 21 Jan 2003
Posts: 1276
|
 Posted: Wed Dec 07, 2011 3:41 am Post subject: Trying to stabilise an economy beset by multiple challenges |
 |
|
It looks like VN's economy is still in danger. If you're teaching there you should probably have a good plan B to implement when the house of cards falls.
Donors urge Vietnam to speed up economic reforms
http://ca.news.yahoo.com/donors-urge-vietnam-speed-economic-reforms-083739808.html
| Quote: |
International donors on Tuesday urged Vietnam to accelerate efforts to restructure its economy and warned the communist country to improve its rights record or risk jeopardising its economic success.
Vietnam, which earlier this year refocused its attention away from growth to stabilising the economy, is battling Asia's highest inflation rate of around 20 percent and urgently needs to push through economic reforms, donors said.
"It would be much easier for Vietnam to pursue its restructuring agenda now than have to restructure after it's hit by a crisis," said Victoria Kwakwa, World Bank country director for Vietnam, at the donors' meeting in Hanoi.
Since February, policy makers have been trying to stabilise an economy beset by multiple challenges including dwindling foreign reserves, a yawning trade deficit, downward pressure on the dong and runaway inflation.
The country needs to proceed with reform of the banking sector, privatise state-owned enterprises, simplify administrative procedures and do more to fight rampant corruption, donors said at the meeting.
|
|
|
| Back to top |
|
 |
TimkinMS
Joined: 18 Oct 2005
Posts: 86
|
| Posted: Wed Dec 07, 2011 5:04 am Post subject: |
|
|
Enrollments are down all over, in both Saigon and Hanoi.
Many directors, coordinators and teachers are speculating on why.
There is no study or comprehensive survey available, of course.
We think the logical assumption is the slowing economy has caused some to suspend their English studies.
If the reason for declining enrollments was a maturing market or changing market, these students would be enrolled in different schools, not just disappear off the radar all-together. |
|
| Back to top |
|
|
The Mad Hatter
Joined: 16 May 2010
Posts: 165
|
| Posted: Wed Dec 07, 2011 7:50 pm Post subject: |
|
|
| Well where is all this money to keep putting up these new skyscrapers coming from? It is so wealthy from the looks of it it seems like the economy is doing just fine with a huge potential for unlimited growth. |
|
| Back to top |
|
|
bertsell
Joined: 13 Dec 2010
Posts: 1
Location: Vietnam
|
| Posted: Sat Dec 10, 2011 4:22 am Post subject: Money for Skyscrapers |
|
|
| Is it possible that a lot of this money for skyscrapers is borrowed or subsidized by the government? |
|
| Back to top |
|
|
The Mad Hatter
Joined: 16 May 2010
Posts: 165
|
| Posted: Mon Dec 19, 2011 8:02 am Post subject: |
|
|
| The Fed reserve made massive direct loans all over the world without telling anyone. Maybe it has something to do with that. |
|
| Back to top |
|
|
Biaom
Joined: 18 Dec 2011
Posts: 19
|
| Posted: Mon Dec 19, 2011 9:58 am Post subject: |
|
|
Did the fed give loans to banks all over the world?  |
|
| Back to top |
|
|
sigmoid
Joined: 21 Jan 2003
Posts: 1276
|
| Posted: Fri Jan 13, 2012 7:27 am Post subject: |
|
|
Vietnam to adjust interest rates, weaken currency, chief banker says
http://www.thanhniennews.com/index/pages/20120111-vietnam-to-adjust-interest-rates--weaken-currency--chief-banker-says.aspx
| Quote: |
Vietnam will adjust policy interest rates to �more suitable� levels after the first quarter and weaken the dong as much as 3 percent this year, central bank Governor Nguyen Van Binh said.
.......................................................................
Vietnam faces Asia�s fastest price gains, a trade deficit, risks in the banking sector and slowing economic growth as the global recovery falters. While Indonesia and Thailand have cut borrowing costs in recent weeks to shield expansion, the World Bank and International Monetary Fund said in December that Vietnam may undermine progress toward economic stability if it loosens monetary policy too soon.
...........................................................................
The banking sector is showing signs of stress and asset quality remains a �concern� given �unusually high� credit growth in recent years, the World Bank said last month.
...........................................................................
Vietnam�s inflation rate in December moderated from 19.83 percent in November. It remains the fastest in a basket of 17 Asia-Pacific economies tracked by Bloomberg. |
|
|
| Back to top |
|
|
spycatcher reincarnated
Joined: 19 May 2005
Posts: 236
|
| Posted: Fri Jan 20, 2012 7:10 am Post subject: |
|
|
Think it was about 6 months ago this guy said the VND wouldn't depreciate by more than 1% during the rest of the year (2011), and of course nobody believed him. Turns out that he was correct. So now, for the first time for a few years at least, a Vietnamese with finance clout actually has some credibility.
Before he recently came out with his 2-3% depreciation for this year, most were forecasting considerably more (5-8%). More recently however, and with the black market down to about 21,000 people are beginning to listen to him even more. |
|
| Back to top |
|
|
The Mad Hatter
Joined: 16 May 2010
Posts: 165
|
| Posted: Fri Jan 20, 2012 8:27 pm Post subject: |
|
|
| What role does the world bank play? Aren't they purveying loans that can never be repaid to move in for collateral when they default? |
|
| Back to top |
|
|
London Bridge
Joined: 06 May 2008
Posts: 34
|
| Posted: Sat Jan 21, 2012 4:20 am Post subject: |
|
|
The bottom line is: the VN economy is slowing down. There is still growth in the 5-6% range, as I recall reading that yesterday in one of the financial rags.
But prices on staples like food have many adult students of mine talking about it.
It is not pos | |
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
