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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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 [...]
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Posted in Reports | Comments Off
December 19, 2011
Vietnam needs to implement the restructure of both small and large banks in a drastic manner, an economist says. The central bank has approved the merger of three small banks – Ficombank, Saigon Commercial Bank, and Vietnam Tin Nghia Bank – that are mired in liquidity problems. The restructure of banks will continue for the [...]
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December 12, 2011
A panoramic view of Quang Ninh Province’s Ha Long Bay. Experts have called for improved services and preservation work as the UNESCO World Heritage Site gains further recognition as a natural wonder. A hike in admission fees for the Ha Long Bay, Vietnam’s foremost tourism site, has drawn a lot of flak, particularly over [...]
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December 5, 2011
Ha Long Bay, recently listed as one of the new seven wonders of the world, should have higher admission fees commensurate with its prestige, Tuoi Tre quoted a local official as saying Saturday. Do Duc Thang, deputy chief of the bay’s management board, made the statement two days after the Quang Ninh People’s Committee began charging nearly twice as much [...]
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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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October 31, 2011
If the current state of zero accountability for wildlife protection continues, other species will follow the rhino to extinction Participants watch projected images including of smuggled rhino horns (R) seized during a press conference on the launch of a rhino population survey report in Vietnam in Hanoi on October 25. A critically endangered species [...]
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October 20, 2011
Commonwealth Bank of Australia, the nation’s biggest lender, will pay VND1.15 trillion ($55 million) for an additional 5 percent stake in Vietnam International Commercial Joint-Stock Bank. The purchase, approved by regulators in July, will increase Commonwealth’s stake to 20 percent, the maximum allowed for a foreign investor, from 15 percent, the Vietnamese lender known [...]
Tags: 55 Million, Commercial joint, Commercial joint stock, Commercial joint stock bank, Commonwealth, Commonwealth Bank, Joint stock, Joint stock bank, management, percent, Risk Management, stake, Stock bank, Vietnam
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October 8, 2011
A man sells petrol at a station outside Hanoi on September 22. The Finance Ministry has sent out inspection teams to look into oil product prices of Petrolimex, PV Oil and two other distributors. The losses or profits fuel importers make are not clearly accounted for and people are unhappy about this. If the accounting [...]
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October 7, 2011
Vietnam plans to slash 10 percent, or VND97 trillion (US$4.65 billion), of development investment this year as one of the measures taken by the government to restore economic stability. Vietnam’s public debt is rising too fast and poses a severe risk to the economy, an economist says, suggesting that the total debt might be even [...]
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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
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