January 14, 2012
Vietnam signaled that it may cut policy interest rates to “more suitable” levels after the first quarter and weaken the dong this year as Asia’s fastest inflation eases. “The central bank will adjust policy rates to more suitable levels, aiming to help ease the average level of market interest rates,” central bank Governor Nguyen [...]
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January 11, 2012
Vietnam will adjust policy interest rates to “more suitable” levels after the first quarter and weaken the dong as much as 3 percent this year, central bank Governor Nguyen Van Binh said. “We believe that 2012 will be a hard year, a challenging year for Vietnam’s economy,” Binh said at a conference in Hanoi [...]
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November 28, 2011
The central bank has completed a plan to restructure the banking system. Vietnam’s central bank said it will consider lowering the dong deposit rate cap in December, admitting that the cap has created an advantage for large banks over smaller lenders. The 14 percent cap was introduced at the end of 2010, but until last [...]
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November 23, 2011
Credit grew only 8.61 percent in the first 10 months Vietnam’s central bank expects bank loans to increase 15 percent this year, lower than the original target. State bank of Vietnam Governor Nguyen Van Binh said the growth will be kept at 17 percent or below next year. The monetary authority will focus on providing loans [...]
Tags: 10 Months, 61 Percent, Bank loans, Binh Said The, Central, Central bank, credit, Credit Grew Only, First 10, In The First, loans, percent, Percent This Year, The central, The central bank, The first, This year, Vietnam
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January 17, 2010
Two tourists walk past a travel agent in Ho Chi Minh City. At a time when the Vietnamese diaspora heads home to celebrate Tet, the Lunar New Year, the trend of going abroad for the holiday has strengthened over the last few years. For many people, especially youths and the nouveaux riches, Tet has become [...]
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December 4, 2009
The river bed is dry and cracked on parts of the Red River photographed Thursday afternoon in Hanoi. North Vietnam is facing draught in large areas as rivers and lakes are drying out, a senior irrigation official said Thursday. Dam Hoa Binh, deputy head of the Irrigation Department under the Ministry of Agriculture and Rural [...]
Tags: 80 Percent, Agriculture And Rural, Agriculture And Rural Development, And rural development, Average, Binh Said The, Cubic, Cubic Meters, Cubic Meters Short, Department, For Irrigation Purposes, Hoa Binh, Hydropower Plant, In The North, In The Region, irrigation, Irrigation Department, Irrigation Purposes, lakes, levels, lower, meters, Meters Short, Million Cubic, Million Cubic Meters, ministry, north, Of Agriculture And, Of Agriculture And Rural, percent, plant, Previous years, Red River, region, River, rivers, Rural development, The Average, The department, The Irrigation, The Irrigation Department, The Level, The ministry, The north, The Red, The Red River, The region, The river, This year, Thursday, Tuoi Tre, water, Water Levels, years
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August 15, 2009
Foreign visitors play chess at the Sea Lion Beach Resort in Phan Thiet. Tourism officials are considering lowering the travel sectorâs 2009 target of 4.2 million foreign visitors to 3.7-3.8 million as the global economic slowdown continues to take its toll on Vietnam. âIn the context of the economic slowdown, it will be hard for [...]
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June 4, 2009
Companies operating in Vietnam will not have to sell their foreign currencies to banks this year, a local newspaper quoted a central bank deputy governor as saying Wednesday. The State Bank of Vietnam had considered forcing firms to convert their foreign currencies into dong to alleviate a shortage of dollars due to hoarding by companies [...]
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May 28, 2009
Truck drivers who transport petrol from Cat Lai Port, HCM City, frequently stop at huts along Le Phung Hieu road to sell petrol. VietNamNet discovered more. A driver was stealing petrol. Stealing petrol At 9am, the first tank trucks leave Cat Lai Port, HCM City. At that time, huts along Le Phung Hieu road also start working. [...]
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