November 19, 2011
Workers in Ho Chi Minh City struggle with unstable jobs, abuse at work, and bosses who flee to avoid paying employees Workers from Miso Vina Company stay at the company yard around the clock awaiting payment after the South Korean director fled to avoid paying their salaries Binh burns leaves and sticks at night [...]
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Posted in Reports | Comments Off
November 6, 2011
Legislators say all depositors at banks should be protected A draft law plans to restrict deposit insurance to local currency deposits only, sparking concerns of a mass withdrawal of dollars from banks. According to the National Assembly’s Economic Committee, it’s necessary to stop providing insurance cover for foreign currency deposits to support the government’s policies [...]
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Posted in Business | 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
August 30, 2011
Deputy head of Hanoi Department of Education and Training Pham Thi Hong Nga speaks at a Tuesday meeting on illegal collection of extra fees at local schools. Hanoi education officials on Tuesday said many schools in the city have been charging students illegal fees, many of which are disguised as "voluntary" money. Â Some fees [...]
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Posted in Sci-Tech | Comments Off
August 18, 2011
The deputy head and chief accountant of a Ho Chi Minh City district social insurer were detained Monday on charges of stealing nearly US$270,000 in insurance money, news website VnExpress reported. Â Nguyen Thi Hoa, deputy director of Nha Be District Social Insurance Agency, and his accountant Do Phuong Anh, are now being investigated [...]
Tags: agency, District Social, embezzlement, insurance, Insurance Money, The Agency
Posted in Social | Comments Off
August 3, 2011
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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Posted in International | Comments Off
July 13, 2011
Petrovietnam Insurance Co, the insurance arm of Vietnam’s state oil and gas group Petrovietnam, said on Wednesday it was in talks to sell a stake to a strategic investor, but did not name the investor. Oman Investment Fund owns 12.6 percent in the Hanoi-based firm, which holds a monopoly on Vietnam’s energy insurance market. [...]
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Posted in Business | Comments Off
May 21, 2011
Manulife Financial Corp. plans to increase sales of insurance policies to lower-income earners in Vietnam by expanding into more regions of the Asian country. Canada’s largest insurer introduced so-called microinsurance — policies that cost clients about $15 a year — in 2009 through nine Vietnamese provinces, and has sold about 80,000 policies, Manulife Vietnam [...]
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Posted in Business | Comments Off
April 23, 2011
Luu To Lan (front, right) and other defendants stand trial for faking medical prescriptions. The trial of 12 doctors, pharmacists and technical officers began in Ho Chi Minh City Thursday for faking medical prescriptions worth billions of dong two years ago. According to the indictment, Luu To Lan, a 43-year-old doctor of the Cho Ray [...]
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Posted in Social | Comments Off
April 23, 2011
Generali, Italy’s largest insurer, said it has been granted a license to run life insurance operations in Vietnam as the group extends its presence in Asia. The new company, Generali Vietnam Life Insurance Company, is wholly owned by Generali and headquartered in Ho Chi Minh City, the company said in a statement on Thursday. [...]
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Posted in Business | Comments Off
