January 18, 2012
Many lenders in Vietnam are trying to attract individual clients Many banks in Vietnam are targeting retail savings as large but short-term deposits from corporate clients prove to be a volatile funding source. Bankers said while term deposits from individual customers are usually small, they make up a stable source of capital for banks. On [...]
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January 3, 2012
Leeches have been spreading rapidly in Ho Chi Minh City ’s Hoc Mon District. Locals began breeding them based on demand from China , but dumped them in local fields and other areas after the main buyer closed shop three months ago. Vietnam’s agriculture ministry has issued a ban on the breeding of leeches [...]
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Posted in Sci-Tech | Comments Off
January 2, 2012
Vietnam will find it difficult to sustain into the new year the trade deficit reduction that it managed in 2011, given that it plans to reduce import tariffs on many products and that the ongoing global recession could hurt its exports, experts say. Vietnam’s trade deficit narrowed to US$9.5 billion from $12.4 billion in [...]
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December 31, 2011
 Beautiful stalactites and stalagmites inside the new cave in Bac Kan Province Caves always carry an aura of mystery and wonder about them. We were reminded of that very strongly when we visited a newly found cave in the northern province of Bac Kan. The stalactites and stalagmites of different shapes and colors were [...]
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December 9, 2011
There are many factors responsible for this, but the key reasons are: poor infrastructure, poor tourism promotion; and weak cooperation between travel agents and service providers. These combine to make tour prices in Vietnam less competitive than those in other countries, Nguyen Cong Hoan, vice director of travel agent Hanoi Redtour, told Thanh Nien [...]
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November 29, 2011
Birds looking for fish at Xuan Thuy National Park in the northern province of Nam Dinh Grey skies. It had been raining for a few days and the skies were still cloudy. Grey skies are not traditionally associated with uplifting beauty, but we were gazing at a scene that rested very easy on the [...]
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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 [...]
Tags: All Depositors, banks, currency, Currency Deposits, Deposit, Deposit Insurance, Depositors, deposits, dollar, Dollar Deposits, dollars, In The Country, insurance, Insurance Cover, Insurance Cover For, large, legislators, Local Currency, The country, Vnd50 Million
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October 30, 2011
Lawyer Pham Thanh Binh, deputy head of Hong Ha Law Firm in Hanoi. A series of loan insolvencies totaling hundreds of billion Vietnamese dong have been detected in Hanoi. This is partly due to the impacts of the economic slowdown, which has savers shying away from legal investment channels because of low profits. They instead [...]
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October 16, 2011
Many banks are facing liquidity problems The Vietnam Banks Association plans to propose a lower deposit interest rate ceiling of 13.5 percent for large banks, saying it would help small lenders. All banks in Vietnam are now subject to the same deposit ceiling of 14 percent, which industry insiders say would hurt small banks in the long [...]
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October 11, 2011
 Nguyen Thi Lanh, 106, and her youngest daughter, 71, from HCMC’s District 12. She and her husband, Huynh Van Lac, 110, have been certified by Vietnam Records Book as the country’s oldest couple. Huynh Thi Hoa, 71, says that ever since her parents reached the age of 90, during every Tet Festival their home [...]
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