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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December 25, 2011
After years of sky-rocketing credit growth to finance development, Vietnam’s banking system is now weighed down by toxic loans that have forced the communist nation to launch tough reforms. The Southeast Asian country’s financial sector consists of about a hundred banks — either state-owned, private or foreign bank branches. But most have only limited [...]
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December 2, 2011
A debate session at the unicameral Vietnamese National Assembly. International donors at a Tuesday conference asked the Vietnamese government to enhance efforts to fight corruption, which is getting more severe in the public’s eyes.  A report by Vietnam’s Corruption Prevention Steering Committee at the Hanoi conference said that “corruption has been contained in several fields [...]
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November 6, 2011
Deputy Mai Thi Anh Tuyet suggests further equitization of state-owned firms, especially those that are making losses National Assembly members and economists are suggesting that Vietnam equitizes large state groups and reduces loan guarantees to state owned firms in an effort to prevent financial resources being squandered on loss making businesses. During the ongoing NA [...]
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January 31, 2010
Workers at an apparel factory in Ho Chi Minh City. The global economic recovery currently underway will slow down later this year and the process remains fragile, the World Bank has cautioned. In its âGlobal Economic Prospects 2010â report released Wednesday, the bank says the slowdown will happen on the back of the waning impact [...]
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January 26, 2010
LookAtVietnam – Economists believe that merger and acquisition (M&A) deals in 2010 will be seen mostly in consumer goods, entertainment and media, and financial services. According to PricewaterhouseCoopers (PWC) and Thomson Reuters, the total number of M&A cases for 2009 was 295, an increase of 77 percent over 2008. The total value of M&A cases wrapped [...]
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November 25, 2009
LookAtVietnam – The US dollar yesterday, November 24, continued to rise, reaching VND19,770 on the black market, up VND200 on Monday. The central bank yesterday added an additional 3 dong to the inter-bank rate, bringing it to VND17,030 per dollar. So far this year, the dollar on the banking market has appreciated about 5.18 per [...]
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November 11, 2009
Finance Minister Vu Van Ninh.VietNamNet Bridge – Ministers of Finance and Planning-Investment have spelled out the under performance of state-owned groups and corporations to the National Assembly. They claim that losses sustained are as a result of holding down prices of essential goods like electricity, coal, clean water and petroleum. NA deputies discuss state-owned groups’ business After reading [...]
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November 9, 2009
State-owned corporations and groups race against each other to invest in the fields that are not their function and incur losses, according to the NA Standing Committee’s supervisory report. According to the report, 47 State-owned corporations and groups are investing in banking, securities, insurance and contribute capital to investment funds. The total capital they [...]
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October 10, 2009
LookAtVietnam – All State-owned enterprises will have to finish restructuring in accordance with the 2005 Enterprise Law by next July. This law embraces both State and private businesses. Workers from Viet Nam Machinery Erection Corporation at the Dong Nai Hydroelectric plant’s construction site. Economic experts say it is high time for State-owned enterprises to restructure. [...]
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