04:46 PM @ 28/05/2014
Without effective investments, Vietnam has no reliable
resources with which to repay its growing public debt, Do Thien Anh
Tuan, a lecturer at the Fulbright Economics Teaching Program, told Thanh Nien newspaper.
On Sunday, the Global Debt Clock maintained by The
Economist magazine described Vietnam’s public debt as nearly US$81.5
billion or 47.8 percent of the gross domestic product (GDP).SEE MOREVietnam’s Central bank set the U.S. dollar’s exchange rate at VND21,036 on Monday, unchanged for nearly 11 months. SEE MORE Scientists from the Vietnam Science and Technology Academy have
confirmed that they can make iron from red mud, the waste created during
alumina production. SEE MORE VietNamNet Bridge –
“FDI-driven economy” is the phrase used by many economists at recent
business forums, meaning that foreign direct investment (FDI) is the
major motive power for the national economy. SEE MORE Gold consumption in Vietnam, the largest Southeast Asian
user after Thailand, will probably shrink by more than half this year
after global prices fell, the currency stabilized and the government
tightened rules.
Demand may drop to 25 metric tons to 30 tons from 60 tons
to 70 tons in 2013 SEE MORE
