Posts Tagged ‘ Business ’

TPG willing to invest $1 billion in Olympus 

January 14, 2012
TPG willing to invest $1 billion in Olympus 

A disassembled Olympus camera and its parts are seen in this illustrative photograph taken in Tokyo November 24, 2011. Private equity firm TPG Capital is willing to invest about $1 billion in Japan’s Olympus Corp in a joint deal with Sony Corp or another suitor circling the scandal-hit firm, a person familiar with TPG’s thinking [...]

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Iron Lady falls to the Anna Quindlen doctrine 

January 14, 2012
Iron Lady falls to the Anna Quindlen doctrine 

  “The Iron Lady,” the new biopic starring Meryl Streep as Margaret Thatcher, was controversial before audiences even saw it, largely because of its portrayal of the aging former prime minister’s dementia. The current UK prime minister, David Cameron, suggested the movie was premature and shouldn’t have been made while Thatcher was alive. Her former [...]

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Posted in Life in Vietnam | Comments Off

Education institutions fined for unauthorized courses 

January 11, 2012
Education institutions fined for unauthorized courses 

  The Vietnamese Ministry of Education and Training has hauled up four educational institutions, including a Singaporean one, and fined some of them for illicitly offering degree and higher-level courses though they are not licensed to do so. Raffles in Vietnam, a member of the Singaporean-owned Education Corporation, is permitted by the Ho Chi Minh [...]

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Posted in Sci-Tech | Comments Off

Vietnam private sector squeezed by rising costs 

January 11, 2012
Vietnam private sector squeezed by rising costs 

   A man works at a steel factory in Que Vo District, outside Hanoi . Many companies in Vietnam are facing higher operation costs and lower profits. An annual report that ranks Vietnam’s 500 largest companies based on revenues, profit, growth rate, assets, and number of employees shows that returns are declining for private companies. [...]

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Posted in Reports | Comments Off

ANZ to sell Sacombank stake, build own business in Vietnam 

January 7, 2012
ANZ to sell Sacombank stake, build own business in Vietnam 

  Australia & New Zealand Banking Group Ltd. will sell its stake in Vietnam’s Saigon Thuong Tin Commercial Joint-Stock Bank, known as Sacombank, as it seeks to develop its ANZ-branded business in the country. ANZ, which aims to get as much as 30 percent of its profit from the Asia-Pacific area by 2017, has received [...]

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Vietnam aims to create ‘fair’ environment for entrepreneurs 

December 23, 2011
Vietnam aims to create ‘fair’ environment for entrepreneurs 

  The Politburo, Vietnam’s Communist Party decision making body, aims to create a “fair business environment” for entrepreneurs in the country as it recognizes their importance in the economy, according to a resolution on the government’s website. The nation will make socio-economic development plans public and “transparent” to help reduce business risks for entrepreneurs, according [...]

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Hanoi’s lack of playgrounds forces children to play on sidewalk 

December 20, 2011
Hanoi’s lack of playgrounds forces children to play on sidewalk 

Children sit on rocking animal toys at a pop-up playground in Hanoi. Every evening, a sidewalk in Hanoi becomes a playground where parents pay a little money to give their children a good time sitting on toy animals, playing fishing or making sand paintings. The service providers said the corner of Tran Khac Chan and [...]

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Gold firms struggle after central bank notice 

December 19, 2011
Gold firms struggle after central bank notice 

  File photo dated last year shows a man putting gold into a molding machine at the Sacombank gold bar factory in Ho Chi Minh City . All gold bar producers, except SJC, are expected to completely stop bullion production. Huge losses and unemployment for hundreds of workers loom as gold bullion producers prepare to [...]

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CME’s Duffy vs MF Global’s Corzine: A question of trust 

December 19, 2011
CME’s Duffy vs MF Global’s Corzine: A question of trust 

Terrence Duffy, executive chairman of the Chicago Mercantile Exchange (CME) Group. The drama over the meltdown of the brokerage firm MF Global pivots around a clash between two veteran traders who rose from relatively humble roots to the very top of the futures-trading business. One is Jon Corzine, the firm’s former CEO who just testified [...]

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Posted in International | Comments Off

PM says loss-making Vinashin is punishing people responsible 

December 19, 2011
PM says loss-making Vinashin is punishing people responsible 

  Vietnam’s shipbuilding giant Vinashin is weighing penalties for those responsible for its losses, the Prime Minister said, answering questions at a recent National Assembly session over the giant’s debts. Nguyen Tan Dung said the state-owned group has finished identifying people responsible for driving it to the edge of bankruptcy last year and is working [...]

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Posted in Politics | Comments Off

Feature

Vietnam, Cuba foreign ministries to bolster ties

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Vietnam’s top diplomat has affirmed that the Foreign Ministry will closely cooperate with its Cuban counterpart to implement the agreements reached by the two...