January 20, 2012
Jetstar Pacific will continue to operate as a low-cost carrier The government’s stake in budget airline Jetstar Pacific, held via the State Capital Investment Corp., will be transferred to national carrier Vietnam Airlines, local media reported Wednesday, citing a directive. Jetstar Pacific, which is partly owned by Australia’s Qantas, will continue to operate as a [...]
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Posted in Business | Comments Off
January 15, 2012
A woman fans coals to heat up a cooker on the railway track in downtown Hanoi. When investment decisions are made based on corruption, it is not only the honest firms that suffer, but also the public through lower quality and higher cost works. As Vietnam sits on the cusp of becoming a middle income [...]
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Posted in Life in Vietnam | Comments Off
January 14, 2012
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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Posted in International | Comments Off
January 9, 2012
 Street vendors ply their goods in downtown Ho Chi Minh City. The Asian Development Bank has lowered Vietnam’s economic growth forecast in 2012 to 6.3 percent from 6.5 percent forecast last September. With the world economy remaining mired in difficulty, the Asian Development Bank forecasts a difficult year ahead for Vietnam. However, it [...]
Tags: Accounting System, Accounting System Ndash, An Issue For, And Corporate Governance, And Finance Sector, Any Unrest, Asian, Asian Development, Asian Development Bank, banking, Banking And Finance, Banking And Finance Sector, Banking Sector, banks, based, biggest, Biggest Challenges, capacity, capital, Capital Adequacy, challenge, Challenge For The, challenges, corporate, Corporate Governance, Creating Any Unrest, credit, Credit Growth, development, Development Bank, Difficult Year, Digit Inflation, economic, Economic growth, Economic Growth Forecast, economy, enterprises, Finance Sector, financial, Financial Sector, For The Banking, forecast, Forecast Last, Forecast Last September, Global economic, Governance, Government, growth, Growth Forecast, Has Lowered, Has Lowered Vietnam, High Credit, High Credit Growth, In 2012 The, In Restructuring The, Including, inflation, investment, issue, Last September, Lowered Vietnam, management, Management And Corporate, Management And Corporate Governance, monetary, Monetary Policy, Monetary Policy And, More Specifically, Of High Credit, Of High Credit Growth, Owned enterprises, percent, policy, Prolonged Period, public, Public Investment, reducing, Reducing Inflation, reform, reforms, remains, restructuring, Restructuring The Banking, Restructuring The Banking And, Restructuring The Banking Sector, Restructuring The Economy, Risk Management, Risk Management And, Risk Management And Corporate, sector, Sector For The, Sector For The Banking, single, Single Digit, Single Digit Inflation, Small Banks, state, State bank, State owned enterprises, State-owned, Structural, system, System Ndash, The asian, The Asian Development, The Asian Development Bank, The Banking, The Banking And, The Banking And Finance, The Banking Sector, The Biggest, The Biggest Challenges, The Cost, The economy, The financial, The Financial Sector, The government, The Government Should, The Larger, The Prolonged, The Prolonged Period, The Reform, The state, The state bank, The Structural, The vietnamese, The world, The World Economy, These Reforms, Tightened Monetary, Tightened Monetary Policy, To Restructuring The, To Restructuring The Economy, Tomoyuki Kimura, Vietnam, Vietweek, What Are The, Without Creating, Without Creating Any, Without Creating Any Unrest, World Economy
Posted in Reports | Comments Off
January 9, 2012
A man (L) stands in front of an ATM while a homeless man sleeps in front of an advertisement on a street in Hanoi January 3. Prime Minister Nguyen Tan Dung has acknowledged the surging influence interest groups have on the policymaking process, calling for increased transparency to tackle the issue. Prime Minister Nguyen [...]
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Posted in Politics | Comments Off
January 8, 2012
Vietnam will have tight fiscal and monetary policies to fight inflation this year, while advancing a restructuring plan to enhance the efficiency and competitiveness of the economy, the government said. The country will use a “tight, cautious, flexible” monetary policy and “tight, effective” fiscal measures in 2012, according to a resolution posted late yesterday [...]
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Posted in Business | Comments Off
January 6, 2012
Pledged foreign direct investment into Vietnam fell 26 percent this year through December 15, the Foreign Investment Agency of the Ministry of Planning and Investment said in a e-mailed statement on December 30. Committed investment was $14.7 billion over the period, according to the statement. Disbursed foreign direct investment for the whole of 2011 [...]
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Posted in Business | Comments Off
January 2, 2012
Despite the tough economic climate, many foreign companies are continuing to expand operations in Vietnam in hope that their strategy will pay off when the recovery happens. BlueScope Buildings Vietnam, formerly known as BlueScope Lysaght Vietnam, inaugurated a US$4 million steel plant in Hanoi two weeks ago. The plant, located in the Quang Minh [...]
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Posted in Business | Comments Off
December 21, 2011
A BlackBerry handset is displayed in Washington, December 15, 2011. Research In Motion Ltd has turned down takeover overtures from Amazon.com Inc and other potential buyers because the BlackBerry maker prefers to fix its problems on its own, according to people with knowledge of the situation. Amazon hired an investment bank this summer to review [...]
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Posted in International | Comments Off
December 14, 2011
Electricity of Vietnam's debt-to-equity ratio is not safe, according to the Ministry of Investment and Planning. Electricity of Vietnam has a debt-to-equity ratio of 4.25, much higher than the average 1.98Â for the country’s state-owned enterprises, news web site VnExpress reported Saturday, citing the Ministry of Investment and Planning. The report said that the high ratio [...]
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Posted in Business | Comments Off
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 [...]
Tags: alliance, Alliance With Olympus, An Alliance With, An Alliance With Olympus, And Panasonic Are, billion, Business, Camera, Canon, capital, Chief, Chief Executive, comment, company, Declined, Digital Camera, electronics, Endoscope, Endoscope Technology, equity, Equity Firm, exchange, executive, Fujifilm, healthcare, Including, interested, invest, investment, Its Stock, Japan, Ldquo, management, medical, Medical Equipment, Olympus, optical, Optical Technology, Panasonic, partner, parts, percent, Person, Private, Private Equity, Private Equity Firm, Rdquo, remains, Reuters, Said Tpg, Samsung, Samsung Electronics, scandal, Sony Canon, stock, strategic, Taking Over, technology, The company, The exchange, The firm, The Matter, The Person, The Person Said, The Scandal, The Strategic, To Work With, Told Reuters, willing
Posted in International | Comments Off