Posts Tagged ‘ institutions ’

Vietnam central bank supports merging lenders 

October 21, 2011
Vietnam central bank supports merging lenders 

  The State Bank of Vietnam said it supports banking mergers to enhance the competitiveness of local lenders and secure the national banking system. As the government pursues economic stability and stable growth, the central bank said in a statement on Wednesday it would continue to tighten monetary policy. “Beginning now, credit institutions need to [...]

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China mulls new regulator for state financial sector 

August 3, 2011
China mulls new regulator for state financial sector 

An investor smiles as she walks past screens showing stock information at a brokerage house in Wuhan, Hubei province June 24, 2011. China is considering a proposal to create a ministerial-level body to manage its state-owned banks and non-bank financial enterprises, two sources with knowledge of the plan said, a move that would strengthen Beijing’s [...]

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Dung pushes democratisation

January 29, 2010
Dung pushes democratisation

One of the urgent demands in the world today was to generate bigger democratisation in global governance, said Prime Minister Nguyen Tan Dung in Davos yesterday. Prime Minister Nguyen Tan Dung meets Swiss President Doris Leuthard on his working visit to Switzerland.Dung, addressing the 40th Davos plenary session on reshaping global governance, said this was [...]

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Generating democratisation in global governance an urgent demand, says PM

January 29, 2010
Generating democratisation in global governance an urgent demand, says PM

PM Nguyen Tan Dung on January 28 delivered a speech at the World Economic Forum’s Plenary Session on Reshaping the Global Governance in Davos, Switzerlands. Below is the speech in full. PM Nguyen Tan Dung speaks at the WEF on January 28 (photo: government’s website).I would like to share with you my thoughts on reshaping the global [...]

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Don’t write off the dollar

January 9, 2010
Don’t write off the dollar

A young woman at a jewelry shop where people can also exchange money on a street in Hanoi What is the impact of a declining dollar? Has the economic crisis really come to an end? Can we expect a new global economic order? Thanh Nien Weekly asks Jonathan Larsen, head of Consumer Banking and Global [...]

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Circular to tighten regulations on establishing commercial banks

December 23, 2009
Circular to tighten regulations on establishing commercial banks

A new regulation being drafted by the State Bank of Viet Nam will establish more detailed ground rules for the establishment of a new joint stock commercial bank. The State Bank put a freeze on the establishment of new commercial banks back in August 2008 due to a proliferation of new banks. Since then, only [...]

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Productivity growth core of strategy

December 17, 2009
Productivity growth core of strategy

Late industrialisation is a process of learning rather than frontier innovation that the Government should encourage, said Manchester University’s Professor Frederick Nixson. Workers installing a turbine at Quang Ninh Thermal Electric Plant in coastal Ha Long City.Speaking at the workshop on Government Role and Industrial Policy in the East Asia Region, Nixson said that private [...]

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Foreign banks reap fat profits in 2009

December 17, 2009
Foreign banks reap fat profits in 2009

LookAtVietnam – Foreign credit institutions in Vietnam reportedly expect high profits for 2009 and have seen high asset growth rates.  According to the State Bank of Vietnam in 2009 foreign credit institutions have all had  satisfactory business results, especially in terms of profit, total asset increase, capital mobilization and credit growth. A representative of the State [...]

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Exhibition reveals Mekong as river of life

December 6, 2009
Exhibition reveals Mekong as river of life

Museum visitors contemplate objects reflecting the culture and traditions of people living along the Mekong River . LookAtVietnam – Nine stories of the lives, dreams and struggles of people living in the three Mekong River nations of Viet Nam, Laos and Cambodia are now spotlighted at an exhibition in Ha Noi. A mobile exhibition, Stories [...]

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Lawmakers want interest rate cap sustained

November 21, 2009
Lawmakers want interest rate cap sustained

A man walks past a panel showing deposit rates outside a VietABank office in Ho Chi Minh City Legislators have criticized a plan to eliminate the key rate used to calculate interest in Vietnam’s banking system, saying the financial market would spin out of control without the benchmark. At a National Assembly meeting early this [...]

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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...