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Posts Tagged ‘fast’

Vietnam grows fast, stably

In Uncategorized on December 16, 2010 at 9:35 am

After the global financial crisis, Vietnam has fast and stably grown, said Deepak Mishra, chief economic expert of World Bank (WB) in Vietnam in Hanoi on Tuesday.

Vietnam grows fast and stably (Photo: VnEconomy)

He was stating at a press conference held before the Consultative Group (CG) Meeting 2010, which will took place in the capital city on December 7 and 8.

Vietnam could hit the target of 6.5 percent in growth rate this year as schedule, he said. However, it will also meet a lot of challenges including the skyrocket of inflation and exchange rate in the year end.

As a result, Vietnam should have measures to reduce instability of the macro economy in the first quarter next year, according to WB. The country would achieve the GDP growth of about 7 percent next year, the organization forecasted.

Related article:
CG conference to discuss sustainable development

Source: SGGP

Comic strips going downhill fast

In Uncategorized on May 27, 2010 at 9:06 am

Voters deserve fast replies: lawmakers

In Uncategorized on May 13, 2010 at 4:53 pm

Voters deserve fast replies: lawmakers

QĐND – Thursday, May 13, 2010, 22:47 (GMT+7)

National Assembly Standing Committee members yesterday discussed voter problems at their closing session yesterday, May 12.

Tran The Vuong, head of the National Assembly’s Ombudsman Committee, said that 46 voter petitions were sent to the NA, 1,171 to the Government and 17 to the Supreme People’s Court and the Supreme People’s Procuracy.

Relevant authorities had sent 1,170 replies by May, Vuong said, adding that despite the large number of petitions, most responses were promptly made.

However, he said there were still some delays and some replies had failed to properly address voter concerns.

One such example was the reply by the Ministry of Health to a query about health insurance for victims of traffic accidents, while the Ministry of Labour, Invalids and Social Affairs and the Ministry of Education and Training had been tardy with some of their responses.

The Ombudsman Committee’s report said that officials should better serve voters.

Truong Thi Mai, chairwoman of the NA’s Social Affairs Committee, said officials should be compelled to answer voter petitions.

Le Quang Binh, chairman of the Committee for National Defence and Security, agreed with Mai, saying that the document should ask functional agencies to explain why they had been tardy in responding to voter petitions to both the NA and the voters.

Nguyen Duc Kien, vice chairman of the National Assembly, said the Ombudsman’s report should have described in more detail how petitions were resolved. He added that the replies should also have been published to determine which agencies were acting responsibly and which were not.


Members also discussed the agenda for the upcoming 7th session of the 12th National Assembly.

It has been decided that laws governing the sea, capital and public investment would not be debated as more preparation time was needed.

At the next session, which runs from May 20 to June 19, the Government would give a report on Dung Quat Oil Refinery Factory Number 1 in the central province of Quang Ngai, said Tran Dinh Dan, head of the NA’s Office.

Dan said they would also review national hydro-electricity plans, as well as forestry management.

Source: VietNamNet/Viet Nam News


Source: QDND

Vietnam’s insurance market sees fast expansion

In Uncategorized on September 27, 2008 at 7:48 am

Geneva (VNA) – Vietnam ’s insurance market has expanded rapidly over the past years and will become one of the fastest growing markets in the world, according to the Business Wire website.

“With support from the liberalisation post WTO agreements, economic growth, rising incomes and increasing insurance awareness, the market will continue to grow at fast pace in coming years, the website said.

The life insurance market in Vietnam seems very promising as the country has a population of over 85 million people, with only eight life insurers, reflecting a low penetration rate, the website commented. Thus, life insurance market can prove to be a boon for foreign life insurers, it said, citing the ” Vietnam ‘s Insurance Sector Forecast to 2010” report.

According to the report, Vietnam ’s insurance industry is forecasted to grow at around 22 percent during the 2008-2010 period. Life insurance is projected to hit 12.1 percent and non-life insurance is expected to grow at 29 percent during the period.-