Fair shares

Article Abstract:

Japan-based Nomura Securities has responded to the Vietnamese government's first steps towards inviting overseas investment. The government asked the company to create the framework under which it could offer parts of 6,000 state-owned firms to overseas investors. Nomura chose the Savimex furniture exporting business as its pilot firm. It is a successful company with transparent financial management. Nomura will propose that a foreign investor should be able to own a controlling interest. Vietnam will have to change accounting regulations and the legal framework.

Security brokers and dealers, Nonupholstered Wood Household Furniture Manufacturing, Wood household furniture, Securities and Commodity Contracts Intermediation and Brokerage, Securities & Investment Svcs, Finance, Services, Securities industry, Furniture industry, Nomura Securities Company Ltd., Wood furniture, Household furniture, Investment services, Savimex

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What economic crisis?

Article Abstract:

Vietnam's Communist Party leader, Do Muoi, has announced a halt on economic reform despite fears from economists that this will slow down Vietnam's growth and reduce foreign investments. They argue that Vietnam needs to liberalize its industries and reform state firms if is is to be able to compete against other Southeast Asian countries. Muoi is worried that the peasants may react violently to more reform. He also has an intrinsic belief in socialist ideology. His likely successor, Le Kha Phieu, is a traditionalist who has said that capitalism will be replaced.

Political activity, Political aspects, Do Muoi

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Half empty?

Article Abstract:

Vietnam's economy growth is 8%, inflation is 4% and its trade deficits are decreasing, however, economists predict that the gross domestic product is unlikely to exceed 8% growth for 1997, compared to 9.3% for 1996. The economy is showing signs of slowing down because the Vietnamese government introduced import controls on steel, glass and cement in 1996. This has slowed down industrial growth to 12.8% against 14.4% in 1996. Foreign investors account for 20.4% of new industrial projects and Vietnam relies on this direct foreign investment to fund future growth.

Economic aspects

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