• An Giang
  • Binh Duong
  • Binh Phuoc
  • Binh Thuan
  • Binh Dinh
  • Bac Lieu
  • Bac Giang
  • Bac Kan
  • Bac Ninh
  • Ben Tre
  • Cao Bang
  • Ca Mau
  • Can Tho
  • Dien Bien
  • Da Nang
  • Da Lat
  • Dak Lak
  • Dak Nong
  • Dong Nai
  • Dong Thap
  • Gia Lai
  • Ha Noi
  • Ho Chi Minh
  • Ha Giang
  • Ha Nam
  • Ha Tinh
  • Hoa Binh
  • Hung Yen
  • Hai Duong
  • Hai Phong
  • Hau Giang
  • Khanh Hoa
  • Kien Giang
  • Kon Tum
  • Lai Chau
  • Long An
  • Lao Cai
  • Lam Dong
  • Lang Son
  • Nam Dinh
  • Nghe An
  • Ninh Binh
  • Ninh Thuan
  • Phu Tho
  • Phu Yen
  • Quang Binh
  • Quang Nam
  • Quang Ngai
  • Quang Ninh
  • Quang Tri
  • Soc Trang
  • Son La
  • Thanh Hoa
  • Thai Binh
  • Thai Nguyen
  • Thua Thien Hue
  • Tien Giang
  • Tra Vinh
  • Tuyen Quang
  • Tay Ninh
  • Vinh Long
  • Vinh Phuc
  • Vung Tau
  • Yen Bai

Socio-economic recuperation goes on in VN

VGP – Việt Nam continues to see its socio-economic situations getting back on track in November when the industrial sector and the domestic market have shown positive signals of strong recovery, according to the Ministry of Planning and Investment (MPI).

November 30, 2009 8:29 PM GMT+7

Illustration photo
In November, industrial production value continued to grow up 13% against the same month last year.

The growth rate reaches 7.3% in 11 months in comparison to the same period of 2008.

The domestic consumption has significantly recovered in November when the total retail sale is estimated to increase 5.1% against October.

In the 11 months, 765,000 new enterprises have registered their operation, up over 28% compared to the same period last year.

The MPI proposed the Government to strictly manage monetary and credit growths and control market changes in order to prevent the recurrence of high inflation.

The Ministry suggested the Government stop the interest rate incentive policy at the end of 2009. In 2010, interest rate incentives will be given to long and medium-term loans and the loans for purchase of machinery, agricultural input materials, and building materials for the construction of housing in rural areas.

By Xuân Hoàng