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Vietnam cuts 2016 GDP growth target to 6.3-6.5 pct: govt
HANOI, Oct 3 -- The Vietnamese government on Monday lowered the country's gross domestic product growth target for 2016 to between 6.3-6.5 percent after the economy slowed in the first nine months.
The Southeast Asian country's GDP grew an estimated 5.9 percent in January-September, slower than last year, so fourth-quarter growth ought to be in a 7.1-7.3 percent range to bring full-year expansion to 6.3-6.5 percent, the government said in an online report.
"The fourth quarter contains many good conditions, allowing to boost the GDP," it quoted Prime Minister Nguyen Xuan Phuc as saying in a speech at the Monday start of a two-day cabinet meeting.
The government has initially targeted GDP growth this year at 6.7 percent.
Changes to the economic growth target are subject to approval by the National Assembly, the legislative body.Read on the original site
Latest: Michigan elections chief testifies on recount
DETROIT (AP) — The Latest on a federal judge's ruling on the start of a hand recount of Michigan presidential election ballots (all times local):6 p.m.Michigan's Eeections director says his office will push to have a hand-recount of 4.8 million ballots cast in November's presidential election completed before a Dec. 13 deadline.Chris Thomas testified Sunday in U.S. District Court in Detroit about the difficulty of a recount if it starts two business days following certification of the election.… chat_bubble_outline Read More...
HCM City eyes autonomy to improve hospitals
Patients at the HCM City Oncology Hospital. (Photo: VNA) HCM City (VNA) - By 2020, HCM City’s public hospitals will no longer be overloaded and people will have access to high-quality health care, municipal officials promise. The entire health care sector will become a high-quality service industry by then, contributing significantly to the city’s socio-economic growth, Nguyen Tan Binh, Director of the local Department of Health, said. To achieve this target, greater autonomy will be provided… chat_bubble_outline Read More...
Lao PM holds first dialogue with Vietnamese business community
The talks, held in Vientiane on October 21, provided a venue for Vietnamese investors to talk directly with the Lao government about difficulties and obstacles they faced doing business in Laos. Most complaints dealt with procedures for granting investment licences; land use and ground clearance policies; the import and export of goods and temporary import and re-export services; taxation, related fees and tax refunds; human resources and visas for labourers; and the business environment. PM… chat_bubble_outline Read More...
Thai investor plans giant $800 mln industrial park in Vietnam
It is one of the three largest foreign industrial park developers in Vietnam. The Vietnamese subsidiary of Thailand’s industrial estate developer Amata Corporation is ready to invest $200 million in the first phase of its second industrial park in Vietnam. The park will be located in Long Thanh District in Dong Nai Province, a strategic location near Ho Chi Minh City, according to Vietnam's National Assembly website. Amata Vietnam Pcl will follow in the steps of other Thai retail giants… chat_bubble_outline Read More...
Asian shares extend losses as investors fret over US vote
TOKYO (AP) -- Asian shares extended losses Friday as nervous investors fretted over the potential outcome of next week's nail-bitingly close U.S. presidential election. Investors also were awaiting the release of U.S. employment data.KEEPING SCORE: Japan's Nikkei 225 lost 1.3 percent to 16,905.36 and South Korea's Kospi lost 0.1 percent to 1,982.02. Australia's S&P ASX 200 fell 0.9 percent to 5,180.80. Shanghai's Composite index slipped 0.1 percent to 3,124.45 and the Sensex of India lost 0.2… chat_bubble_outline Read More...