The methods local authorities are using to calculate the gross domestic
product (GDP) are inaccurate and impractical, and not used in any
country in the world, the Prime Minister said at a Ministry of Planning
and Investment’s conference held on August 7. SEE MORE Brent crude fell to its lowest intraday level in 13 months after slower
industrial output and a plunge in new credit indicated the recovery is
at risk in China, the second-biggest oil user. West Texas Intermediate
was steady. SEE MORE HCMC - Vietnam targets to achieve average annual gross domestic product
(GDP) growth of between 6.5% and 7% in 2016-2020, according to the
Government’s directive on formulation of the next five-year
socioeconomic development plan. SEE MORE The Vietnam National Coal Mineral Industries Group (Vinacomin) has
adjusted this years’ coal production and consumption plans as domestic
coal consumption in the second half of 2014 is expected to rise, the
Vietnam Economic News reported. SEE MORE Petroleum enterprises were asked to cut the retail price of petrol
for the second time in the past ten days after a drop in global petrol
prices. SEE MORE