Vietnam is targeting annual economic growth of 7.5 percent to 8.5 percent over the 2011-2015 period, according to a development strategy drafted by the Ministry of Planning and Investment.

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Vietnam aims to reach 7.5%-8.5% growth in the next five years

Investment into industrial parks is declining and many have failed to attract any new projects over the past two years, the Vietnam Economic Times reported Wednesday.

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Industrial parks lose appeal for investors

Dutch investors replaced those from the US on the list of Vietnam’s top foreign direct investors over the first four months of 2010, said the Foreign Investment Agency.

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Holland ousts US with top FDI in Vietnam

Banks in Vietnam have lowered deposit rates to comply with an industry-imposed cap of 11.5 percent over the past week, from nearly 12 percent earlier, and bankers said there were signs that lending rates were easing too.

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Vietnam loan rates fall as deposit cap imposed

The Vietnamese government has promised to keep the dong’s value stable and it’s unlikely the currency will be devalued more than 5 percent over the next eight months, an official said.

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Dong unlikely to drop more than 5 pct: official

Demand for air conditioners and fans have soared over the past several weeks in Ho Chi Minh City as residents seek respite from the prolonged hot weather conditions.

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Hot weather heats up air conditioner sales

The hotel sector in Ho Chi Minh City has lost some investment appeal as the city’s tourism industry has declined over the last two years, a local offical says.

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Tourism downturn puts freeze on hotel investment