January 18, 2012
Many lenders in Vietnam are trying to attract individual clients Many banks in Vietnam are targeting retail savings as large but short-term deposits from corporate clients prove to be a volatile funding source. Bankers said while term deposits from individual customers are usually small, they make up a stable source of capital for banks. On [...]
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September 10, 2011
A young woman (C) reads exam materials as she leaves with others after taking part in a college admission test in Hanoi on July 5, 2011. In Vietnam, it is the mother of all battles that is fought year after year: more than close to a million or more students sit for their university entrance [...]
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May 2, 2011
Gold is a popular means of savings in Vietnam. Experts say the government needs to attract and use billions of dollars worth of gold owned by the public. As the government plans to tighten the gold screws further by banning lending as well as acceptance of deposits, experts say private holdings of the precious metal [...]
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April 24, 2011
Prime office spaces struggle to attract tenants in HCMC Visitors look at models of residential and office towers at a real estate exhibition in Ho Chi Minh City. A surplus of office spaces has pushed down rental rates. As increasing supply applies downward pressure on rentals, the office space segment has become a buyer’s [...]
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January 28, 2011
A client fills out a dollar deposit form at an Asia Commercial Bank branch in Ho Chi Minh City. Local banks are boosting interest rates on dollar deposits as they vie with each other to tap stronger remittances from overseas Vietnamese just before the Tet holiday. Bankers said the days before the biggest holiday of [...]
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February 4, 2010
LookAtVietnam – The tourism industry has decided to launch a number of promotional programs to attract more domestic travelers in 2010. Tourists visit Bau Truc pottery craft village in Ninh Thuan provinceVu The Binh, director of the travel department under the Vietnam National Administration of Tourism (VNAT), said that the Ministry of Industry and Trade [...]
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February 1, 2010
Overall merger and acquisition values and volumes appear to have returned to a growth path in 2009’s fourth quarter giving grounds for optimism for 2010, writes an advisory partner at PricewaterhouseCoopers Vietnam. Major Vietnamese conglomerates are growingly removing smaller rivals through M&A deals.LookAtVietnam – A slow start, but a strong finish to the year. Overall [...]
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December 20, 2009
Catholics Solidarity Committee celebrates Christmas; Vietnam, Canada boost educational cooperation; PM bans demolition of Hanoi old villas; Vietnam to punish spouses for sexual violence Catholics Solidarity Committee celebrates Christmas The Vietnam Committee for Solidarity of Catholics (VCSC) held a solemn ceremony in Hanoi on December 18 to mark the upcoming Christmas.Priest Nguyen Cong Danh, VCSC [...]
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December 14, 2009
LookAtVietnam – Local banks have increased interest rates on dong deposits to attract funds following the central bank’s move to raise the base rate. Soon after the benchmark rate was raised from 7 to 8 percent effective this month, commercial banks lifted up their dong deposit rates by 0.7-1.3 percentage points to more than 10.5 percent [...]
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December 13, 2009
Liquidity in the foreign currency market has ‘improved noticeably,’ the central bank said Local banks have increased interest rates on dong deposits to attract funds following the central bankâs move to raise the base rate. Soon after the benchmark rate was raised from 7 to 8 percent effective this month, commercial banks lifted up their [...]
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