As usual, the 9th China-ASEAN Expo was held in Nanning, Guangxi, China from the 21st to the 25th of September, 2012. The CAEXPO gathered approximately one hundred Vietnamese companies to join in to introduce Vietnamese products, brand name and Vietnam’s image as well to China-ASEAN free trade area and international market.
Vietnam expects to attract further investment from Spain in energy sector as well as in infrastructure projects that require a large amount of capital, according to an official from the Ministry of Planning and Investment.
Vietnam should loosen its monetary policy and lower interest rates to encourage domestic production to curb rising inflation, an academic has suggested, dismissing fears it could actually stoke inflation.
Many commented that the replacement of the current 14-day period by seven day terms might be a signal of the State Bank of Vietnam (SBV) to tighten the monetary policy on the market. With these comments, it can be believed that the State Bank has reduced its financial support in the longer term (14 days) to make replacement of the short term (7 days).
Vietnam's central bank has granted licences to several firms to import gold with quotas of 200-300 kilogram each, a state-run news website reported on Thursday. The licences were issued on Thursday afternoon and are valid through October 12, according to the report on Vneconomy.vn, the online version of the Vietnam Economic Times.