Posts Tagged ‘ Central ’

Vietnam New Year shoppers defying central bank spurs inflation 

January 25, 2012
Vietnam New Year shoppers defying central bank spurs inflation 

  Consumer demand for holiday goods and transportation will grow 10 percent from last year, according to a government forecast that urged authorities to monitor and stabilize prices. Asia’s fastest inflation is the last thing on Tran Hang’s mind as she jostles fellow shoppers at a street stall in Hanoi’s Old Quarter to snap up [...]

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Vietnam stocks rise most in 7 months on interest rates optimism 

January 23, 2012
Vietnam stocks rise most in 7 months on interest rates optimism 

  Vietnam’s benchmark stock index on January 19 rose the most in seven months and the currency rallied to a one-month high on speculation the central bank will cut interest rates and limit declines in the dong. The Ho Chi Minh City Stock Exchange’s VN Index climbed 3 percent to 373.43 at the 11 a.m. [...]

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Vietnam banking sector set for surge in M&A activity this year 

January 11, 2012
Vietnam banking sector set for surge in M&A activity this year 

  An upswing in mergers and acquisitions in the banking system will occur this year, bringing the number of banks in Vietnam to below 30, the Dau Tu (Investment) newspaper has reported, citing experts. Economist Nguyen Tri Hieu said there will be a strong M&A wave in the sector as many lenders are looking for [...]

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Vietnam ex-cops receive suspended sentences for torturing woman 

January 11, 2012
Vietnam ex-cops receive suspended sentences for torturing woman 

Tran Ba Tuan and Nguyen Dinh Quyet, both former investigators of Nha Trang’s police division, at a trial in the central province of Khanh Hoa on January 9. The duo received suspended sentences for torturing a theft suspect in 2010. Two former police officers in the central province of Khanh Hoa each has received a nine-month suspended [...]

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Lawsuits, confusion taint local art contests 

January 7, 2012
Lawsuits, confusion taint local art contests 

   Tran Tuy’s Khuc dong ca (a children’s song) (Under), which was eerily reminiscent of photographer Duy Anh’s Tiep buoc cha ong (Follow in the ancestor’s footsteps) (Above). Since the list of award-winning works were announced in June, a provincial literature and arts contest in central Vietnam has received several petitions of denouncement regarding a [...]

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Central province builds Sa Huynh Culture preservation center 

January 3, 2012
Central province builds Sa Huynh Culture preservation center 

Artifacts from Sa Huynh Culture (1000 BC – 200 AD). A ground-breaking ceremony to establish the Sa Huynh Culture Preservation Center was held last week in the central province of Quang Ngai’s Duc Pho District. The center will be built on an area of two hectares with a total capital investment of nearly VND32 billion (US$1.5 [...]

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Scientists blame hydropower plant for tremors in central Vietnam 

January 2, 2012
Scientists blame hydropower plant for tremors in central Vietnam 

Song Tranh 2 Hydropower Plant in the central province of Quang Nam Further scientific study has confirmed that the operations of a hydropower plant have caused underground explosions and minor earthquakes in the central province of Quang Nam, Saigon Tiep Thi reported Friday. The report quoted conclusions made by the Vietnam Academy of Science Technology as saying that the tremors in [...]

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Different credit limits a rational move 

December 30, 2011
Different credit limits a rational move 

  Strong small banks should be allowed greater lending growth A local commercial bank’s employee counts money next to piles of dong notes in Hanoi on Monday The application of different credit caps on different banks based on their operational capacity is expected to correct a situation where banks with customers cannot offer loans while [...]

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US veteran gives back in Da Nang 

December 30, 2011
US veteran gives back in Da Nang 

US veteran Chuck Palazzo with Vietnamese victims of Agent Orange in Da Nang in central Vietnam. US veteran Chuck Palazzo has spent the past 40 years compensating victims of the Agent Orange he helped spray during his 13 months serving in the Vietnam War. Palazzo arrived in Da Nang in central Vietnam in 1970 as [...]

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Two die, five missing as boat sinks in central Vietnam 

December 26, 2011
Two die, five missing as boat sinks in central Vietnam 

  Two women were killed and five soldiers are missing when a boat carrying 34 people sank in the central province of Quang Nam Sunday. According to Hoi An Town’s People’s Committee, the boat from Tan Hiep Commune island was sunk by waves when it was less than one kilometer from the town’s coast. People on [...]

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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...