January 15, 2012
The Vietnam Football Federation has only itself to blame for the current controversy raging over TV telecast rights for Super League games. VFF early last year signed a 20-year contract with the telecommunications and media company called the An Vien Group for VND6 billion (US$285,000) per year. The contract has been rejected by the [...]
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Posted in News | Comments Off
January 14, 2012
Vietnam signaled that it may cut policy interest rates to “more suitable” levels after the first quarter and weaken the dong this year as Asia’s fastest inflation eases. “The central bank will adjust policy rates to more suitable levels, aiming to help ease the average level of market interest rates,” central bank Governor Nguyen [...]
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December 16, 2011
Gymnast Phan Thi Ha Thanh will be nominated for the Labor Award, third class, for some glorious performances at last month’s SEA Games in Indonesia Six athletes will be nominated for the Labor Award, third class, for their outstanding performances at the Southeast Asian Games in Indonesia last month, a sports official has said. Lam [...]
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Posted in Sports | Comments Off
December 12, 2011
A man having a compass tattoo on Bui Vien Street. Ho Chi Minh City with the believing it could guide him and stop him from getting lost Not too long ago, they were more than a rarity, they were simply not there. Today, nearly 20 tattoo shops have registered in Ho Chi Minh City’s backpacker [...]
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Posted in Lifestyle | Comments Off
November 26, 2011
Vietnam’s inflation slowed for a third month in November, and the central bank signaled it may consider lowering interest rates. Consumer prices rose 19.83 percent from a year earlier, after climbing 21.59 percent in October, the General Statistics Office said in Hanoi Friday. The State Bank of Vietnam has room to cut policy rates [...]
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November 25, 2011
Vietnam increased penalties for foreign currency trading violations last month Vietnam’s central bank has imposed stiff penalties on two companies and a university in Hanoi for violating regulations on U.S. dollar trading and illegally listing prices in the foreign currency. The combined fine of VND650 million (US$30,940) showed that the State Bank of Vietnam is [...]
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Posted in Business | Comments Off
November 13, 2011
Wiping out small banks should not be the goal of banking reform A customer exits a branch of Joint-Stock Commercial Bank for Foreign Trade of Vietnam, or Vietcombank, in Hanoi. Bad debts at local banks are rising, raising concerns about the safety of the whole banking system. With bad debt exposure rising among local [...]
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Posted in Business | Comments Off
November 5, 2011
Five times since 2003 the Securities and Exchange Commission has accused Citigroup Inc.’s main broker-dealer subsidiary of securities fraud. On each occasion the company’s SEC settlements have followed a familiar pattern. Citigroup neither admitted nor denied the SEC’s claims. And the company consented to the entry of either a court injunction or an SEC [...]
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Posted in Life in Vietnam | Comments Off
October 18, 2011
Vietnam’s dong on Tuesday fell to the weakest level in almost six months as the central bank set the currency’s reference rate lower. Government bonds were steady. The State Bank of Vietnam set the daily rate 0.1 percent weaker at 20,723 per dollar, the eighth time this month it fixed a lower level, according [...]
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Posted in Business | Comments Off
October 1, 2011
Vietnam’s central bank said it will cap interest rates on dong deposits that are non-term and those less than a month at 6 percent to address “liquidity risks,” amid concerns about the health of the nation’s banking system. The State Bank of Vietnam will maintain the existing 14 percent rate cap on deposits of [...]
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Posted in Business | Comments Off
