Oil Price Crisis

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    Vietnam Industry and Trade News Bulletin for January 12, 2016

    ByVN Industry and Trade Bulletin

    A. GENERAL ECONOMIC HIGHLIGHTS 1. The Economist Disagrees with Bloomberg: Vietnam to Grow Slower than Laos and Cambodia While Bloomberg previously forecast Vietnam to have the 2nd fastest growth in the world in 2016, a new report by The Economist Intelligence Unit (EIU) places Vietnam 9th. EIU forecasts Vietnam’s GDP growth at approximately 7% (aligning with the National Assembly’s 6.7% target) . Notably, EIU predicts Vietnam will lag behind regional neighbors: Laos (nearly 8%, ranked…

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    Vietnam Industry and Trade News Bulletin for January 4, 2016

    ByVN Industry and Trade Bulletin

    A. GENERAL ECONOMIC HIGHLIGHTS 1. Anxious Wait for Tet Bonuses Despite reports from the Ministry of Labor, Invalids and Social Affairs (MOLISA) suggesting that the 2016 Lunar New Year (Tet) bonuses might exceed the previous year’s average of 5 million VND due to GDP growth, workers remain anxious. As of January 3, the Ministry had not yet fully summarized the bonus situation as local reports were incomplete. MOLISA officials noted that while bonuses are not…