December 20, 2011
Travel agencies already struggling in difficult economic conditions will be hit hard by the latest hike in domestic airfares, industry insiders say. The agencies face both losses on tours already booked and cancellations of bookings because of higher tour prices. In fact, the airfare hike makes foreign tours more attractive to local customers, they [...]
Tags: Agents, Air Tickets, Airfare, Airfare Hike, airfares, Booked, Chi minh, Chi minh city, costs, current, customers, domestic, Domestic Airfares, Five Months, flights, Flights From Hanoi, For Travel Agents, Hanoi, Ho Chi, Ho Chi Minh, Ho Chi Minh City, Hoang, Hoang Viet, Hoang Viet Travel, Hoang Viet Travel Said, In Domestic Airfares, Lunar new, Lunar New Year, million, Minh city, months, New year, Nguyen, Nha trang, Of Hoang Viet, Of Hoang Viet Travel, percent, price, prices, Singapore, Thang, Thanh nien, The Airfare, The Airfare Hike, The current, tours, Travel, Travel Agents, Viet Travel, Viet Travel Said, Vietnam, Vietnam airlines
Posted in Travel | Comments Off
December 17, 2011
If you were asked to describe, in 10 words or less, the single issue driving the two major political parties in the US today, I imagine you’d say something like this: Republicans never met a tax cut they didn’t like; Democrats won’t touch entitlement programs, even to make them solvent. Consider, then, the counterintuitive [...]
Tags: billion, Caroline Baum, current, debate, Dec 31, Democrats, Funds, house, Ldquo, long-term, month, Obama, Oil Pipeline, Payroll Tax, Payroll Tax Cut, payroll:, pipeline, Rdquo, Republicans, Security, Security Trust Funds, Social, Social Security, Social Security Trust, Social Security Trust Funds, Tax Cut They, Tax cuts, taxes, The current, The Democrats, The Keystone, The Payroll, The Payroll Tax, The Payroll Tax Cut, The Social, The Social Security, The Social Security Trust, The Trust Funds, The Trustees, The white house, To The Trustees, Trust Funds, White house
Posted in Life in Vietnam | Comments Off
October 16, 2011
Tobacco industry poised to deploy ‘dirty tricks’ to increase business in third-world nations despite evidence aplenty of the substance’s harmful effects Natalka Proszak uses a cigarette box to block the wind as she lights a cigarette in Toronto, Ontario, Canada. Now that smoking has declined in high-income nations, experts warn that the tobacco industry [...]
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Posted in Reports | Comments Off
October 11, 2011
Higher hospital fees could prevent the poor from getting treatment and many question if increased fees will improve services Patients wait to pay hospital fees at Ho Chi Minh City’s Nguyen Trai Hospital. The Health Ministry is evaluating increasing hospital fees as they said current fees are too low to maintain services. Holding a [...]
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Posted in Health | Comments Off
September 11, 2011
Foreign debt accounted for 42.2 percent of Vietnam’s GDP in 2010, up from 39 percent in 2009. Vietnam should focus on decreasing the current account deficit and approaching foreign exchange rate fluctuation with caution, economist Tran Du Lich told Thanh Nien Weekly in an interview. Thanh Nien Weekly: Foreign debt accounted for 42.2 percent of [...]
Tags: 39 Percent, account, Account Deficit, Account Deficit And, balance, Big Problem, billion, capital, criteria, current, Current Account, Current Account Deficit, Current Account Deficit And, Debt Accounted, Debt Accounted For, Debt Payment, debts, deficit, Devaluation, dollar, domestic, Dong Devaluation, Du Lich, Effectiveness, Exchange rate, Exchange Rate Fluctuation, Foreign, Foreign Currencies, Foreign Debt, Foreign Debt Accounted, Foreign Debt Accounted For, Foreign Exchange, Foreign Exchange Rate, Foreign Exchange Rate Fluctuation, Government, Government Cannot, Have Just Mentioned, Have Not Yet, In Japanese Yen, In the next, increase, interest, Interest rates, investment, issue, Japanese, Japanese Yen, Just Mentioned, loans, long-term, Nien Weekly, Oda Loans, payment, payments, Per Dollar, percent, Rate Fluctuation, rates, ratio, Review The Effectiveness, safety, Thanh, Thanh nien, Thanh Nien Weekly, The Balance, The current, The Current Account, The Current Account Deficit, The Debt, The domestic, The Dong, The Dong Devaluation, The Effectiveness, The Figure, The government, The Government Cannot, The Issue, The Level, The Ratio, This Issue, To Consider The, trade, Trade deficit, Tran Du, Vietnam, We Could Not, We Have Not, We Have Not Yet, We Need, We Should Have, weekly, years, Yen Per, Yen Per Dollar
Posted in Reports | Comments Off
September 9, 2011
The dong’s chronic weakness has repelled foreign investors and hampered attempts by Vietnam’s policymakers to reverse the faltering fortunes of an economy that only five years ago was one of Asia’s most promising. Until Vietnam rebuilds trust by decisively taming the region’s worst inflation and narrowing sizable trade and budget deficits, the risks of [...]
Tags: And Interest Rates, August, billion, Central, Central bank, Central Bank Does, currency, current, Devaluation, dollar, Economic Environment, exchange, Exchange rate, February, Foreign, Foreign Exchange, Foreign investors, Foreign Investors And, Foreign Reserves, Government, inflation, interest, Interest rates, investors, Last week, Mid August, Not Fixing, Per Dollar, percent, rates, reserves, Since Mid, stabilizing, Stabilizing Not Fixing, state, State bank, State-owned, The central, The central bank, The Central Bank Does, The Currency, The current, The Dong, The exchange, The Exchange Rate, The government, The problem, The Sbv, The state, The state bank, The value, The Vnd, This year, Three Times, trading, value, Vietnam
Posted in Business | Comments Off
September 3, 2011
Experts urge better detection and poultry production practices in response to a new mutant strain of H5N1 appearing in the northern and central parts of the country Cooked chicken are displayed for sale on a street in Hanoi. The United Nations Food and Agriculture Organization warned against a new strain of H5N1 virus in [...]
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Posted in Health | Comments Off
August 5, 2011
A man walks past a factory at the Thang Long Industrial Park outside of Hanoi. Vietnam should only build industrial parks when and where they’re needed, Le Quoc Dung, vice chairman of the National Assembly’s Economic Committee, tells Thanh Nien Weekly in an interview. Thanh Nien Weekly: Why are so many industrial parks not full? [...]
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Posted in Reports | Comments Off
July 30, 2011
Banks in VIetnam have stepped up sales of the dollar as they anticipate a move to reduce their dollar holdings, even as they compete to mobilize more of the greenback to meet increasing demand for dollar loans. “Buying foreign currencies now is easier than ever,” said Dao Duy Kha, deputy general director of Vietnam [...]
Tags: banks, Central, Central bank, Commercial, Commercial banks, Commercial Banks Are, credit, currency, current, demand, Demand For Dollar, Demand For Dollar Loans, deposits, director, dollar, Dollar Credit, Dollar Deposits, Dollar Holdings, Dollar Loans, dollars, Dong Deposits, exchange, Exchange rates, firms, For Dollar Loans, Foreign, Foreign Currencies, Foreign Currency, Foreign Exchange, Foreign Exchange Rates, General, General director, Huong, interest, Interest rates, Ldquo, Ldquo Banks, loans, Low Interest, Low Interest Rates, Mobilize, Of The Dollar, Of The Foreign, Of The Foreign Currency, On Dollar Deposits, On Dollar Loans, Per Dollar, percent, rates, Rdquo, reduce, Reduce Their Dollar, Said ldquo, sales, supply, Thanh nien, The central, The central bank, The current, The Dollar, The foreign, The Foreign Currency, Their Dollar, To Reduce Their, To Reduce Their Dollar, Vietnam
Posted in Business | Comments Off
July 9, 2011
A customer deposits bricks of dong bank notes to a local commercial bank in Hanoi. Bankers said it’s necessary to have many branches to attract more deposits. The central bank is planning to double the minimum capital requirement for bank branches, but small lenders say the new rule would badly hurt their business. According to [...]
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Posted in Business | Comments Off
