Vietnamese Government has carried out some measures to push up their economy. The stock market benchmark, VN Index, has rebounded up for the last 3 months. From around 360 points, it is now trading at 488 points.
The simple economy equation,
GDP = C + G + I + (Ex - Im), where
C = Consumer Spending
G = Government Spending
I = Investment
Ex = Export
Im = Import
The authority cuts fuel prices up to 5.3% to spur consumer spending (C), therefore lifting the consumer spending will help to boost the GDP of the country.
Furthermore, the capital market authority takes the initiative to loosen share trade band to boost market activity. " Trading band will be widened to plus or minus 5% for shares and fund units from next Monday, from +/- 3% now. On the same day the band on the over-the-counter Hanoi Securities Trading Centre will also widen to +/- 7% from +/- 4% now.... ".
The government has also raised economic forecast up to 7% - 8 %.
The simple economy equation,
GDP = C + G + I + (Ex - Im), where
C = Consumer Spending
G = Government Spending
I = Investment
Ex = Export
Im = Import
The authority cuts fuel prices up to 5.3% to spur consumer spending (C), therefore lifting the consumer spending will help to boost the GDP of the country.
Furthermore, the capital market authority takes the initiative to loosen share trade band to boost market activity. " Trading band will be widened to plus or minus 5% for shares and fund units from next Monday, from +/- 3% now. On the same day the band on the over-the-counter Hanoi Securities Trading Centre will also widen to +/- 7% from +/- 4% now.... ".
The government has also raised economic forecast up to 7% - 8 %.
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