January 25, 2012
Consumer demand for holiday goods and transportation will grow 10 percent from last year, according to a government forecast that urged authorities to monitor and stabilize prices. Asia’s fastest inflation is the last thing on Tran Hang’s mind as she jostles fellow shoppers at a street stall in Hanoi’s Old Quarter to snap up [...]
Tags: 000 Dong, 10 Percent From, 10 Percent From Last, 10-percent, According, Al Fresco, And Stabilize Prices, And Transportation Will, And Transportation Will Grow, based, biggest, Cakes, Candy, capital, Capital Securities, Central, Central bank, Chi minh, Chi minh city, Chi Minh City Based, City Based, companies, company, consumer, Consumer Demand, Consumer Demand For, Consumer Demand For Holiday, Country, demand, Demand For Holiday, Demand For Holiday Goods, director, dragon, For Holiday Goods, For Holiday Goods And, For The Country, forecast, Forecast That Urged, Forecast That Urged Authorities, From Last Year, From Last Year According, Goods And Transportation, Goods And Transportation Will, Government, Government Forecast, Government Forecast That, Government Forecast That Urged, Grow 10, Ho Chi, Ho Chi Minh, Ho Chi Minh City, holiday, Holiday Goods, Holiday Goods And, Holiday Goods And Transportation, inflation, Interest rates, Last year, Last Year According, Ldquo, Ldquo Tet, Minh city, Minh City Based, Monitor And Stabilize, Monitor And Stabilize Prices, More expensive, New Clothes, New year, Nguyen, Nguyen van, people, percent, Percent From Last, Percent From Last Year, price, Price Gains, prices, Rdquo, sales, spend, spending, Stabilize Prices, Taxi Driver, That Urged Authorities, The country, The Currency, The government, The Holiday, The Nation, This year, To Monitor And, To Monitor And Stabilize, Transportation Will Grow, urged, Urged Authorities, Viet Capital, Viet Capital Securities, Vietnam, Vietnamese, Which Sells, Year According
Posted in News | Comments Off
January 23, 2012
Vietnam’s benchmark stock index on January 19 rose the most in seven months and the currency rallied to a one-month high on speculation the central bank will cut interest rates and limit declines in the dong. The Ho Chi Minh City Stock Exchange’s VN Index climbed 3 percent to 373.43 at the 11 a.m. [...]
Tags: According, And Limit Declines, Bloomberg, Central, Central bank, Chi minh, Chi minh city, currency, dollar, Ho Chi, Ho Chi Minh, Ho Chi Minh City, In The Dong, index, inflation, interest, Interest rates, Last year, Ldquo, Limit Declines, Minh city, month, Per Dollar, percent, rates, Rdquo, Since Dec, stock, Stock Index, The central, The central bank, The Currency, The Dong, The previous, Vietnam
Posted in Business | Comments Off
January 21, 2012
The Asia Development Bank (ADB) on Tuesday signed a US$24.8 million support agreement to foster Vietnam’s "inclusive growth" and thus aid further poverty reduction in the country, the bank said in a press release. Through the support agreement, ADB will provide parallel financing to the Poverty Reduction Support Credit framework supported by a number of development [...]
Tags: development, economic, Economic growth, Economic Growth And, efforts, growth, Inclusive, Inclusive Growth, Macroeconomic, percent, Poverty, Poverty Reduction, Press Release, Promote Economic, Promote Economic Growth, reduction, reforms, release, Socioeconomic Development, support, Support Agreement, The Macroeconomic, The Poverty, The vietnamese, The Vietnamese Government, Vietnam, Vietnamese Government
Posted in Politics | Comments Off
January 20, 2012
Many banks in Vietnam fear that bad debts could rise this year. Many banks in Vietnam say dealing with bad debts rather than credit growth is going to be a priority task for 2012. According to the Dau Tu (Investment) newspaper, even large banks in the country fear that bad debts could rise this year. State-owned Bank [...]
Tags: 15 Percent, Bad Debt, Bad Debts, Bad Debts Could, Bad Debts Could Rise, banks, Central bank, Could Rise, Could Rise This, Could Rise This Year, credit, Credit Growth, debts, Debts Could Rise, Debts Could Rise This, Fear That Bad, Fear That Bad Debts, growth, Growth Target, Ldquo, loans, Many Banks, Nguyen thi, percent, Rdquo, Rise This Year, Said ldquo, state, target, That Bad Debts, That Bad Debts Could, The bank, The central, The central bank, This year, Vietnam
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 [...]
Tags: 40 Percent, And Higher Cost, Are Made Based, Asking Ldquo, corruption, Decisions Are Made, Decisions Are Made Based, development, Development Report, economy, Fighting Corruption, firms, Firms That Suffer, Great Strides, growth, Had Sought, Hard Working, Has Made, Has Made Great, Has Made Great Strides, higher, Higher Cost, Honest, Honest Firms, Honest Firms That, Honest Firms That Suffer, If Corruption, information, investment, Investment Decisions, Investment Decisions Are, Investment Decisions Are Made, Is Not Only, Is Not Only The, Ldquo, lower, Lower Quality, Lower Quality And, Lower Quality And Higher, Made Based, Made Great Strides, Not Only The, Not Only The Honest, Of Those That, Of Those That Had, Only The Honest, Only The Honest Firms, percent, public, Quality And Higher, Quality And Higher Cost, Rdquo, Than 40, That Had Sought, The Honest, The Honest Firms, The Honest Firms That, The world, The World Bank, The Wrong, Those That Had, Those That Had Sought, transparency, Unofficial, Unofficial Payments, Vietnam, Vietnam Development, Vietnam Development Report, Vietnam Has Made, Vietnam Has Made Great, When Investment, When Investment Decisions, When Investment Decisions Are, world, World Bank, wrong
Posted in Life in Vietnam | Comments Off
January 14, 2012
There has been a fair amount written recently about various institutional cartels that are thriving in the US despite antitrust laws designed to prevent their existence. My previous column compared Wall Street’s few remaining investment banks to a cartel, with explicit pricing power over its hundreds of thousands of customers, an advantage that will [...]
Tags: Against Wall, Against Wall Street, Arbitration, Arbitration Process, Arbitrators, banks, Broker, brokerage, cases, court, Court System, Dispute, disputes, Final And Binding, Finra, firms, Generally, Is Final And, Is Final And Binding, Ldquo, millions, monetary, Monetary Recovery, money, New york, Nocera, Non Monetary, Non Monetary Recovery, Of People Who, Of Wall Street, people, percent, process, Rdquo, recovery, Regulatory, resolve, Star Chamber, Street, system, The Courts, The Millions, The Ncaa, Wall Street
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 [...]
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
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 [...]
Tags: 13 Percent, 15 Percent, Asset Quality, banking, Banking Sector, Binh Said The, Central bank, currency, eases, economic, Fastest, Fastest Inflation, Fastest Inflation Eases, First quarter, growth, inflation, Inflation Eases, interest, Interest rates, Last month, Last year, Last Year The, Ldquo, More Suitable, nation, percent, policy, rates, Rdquo, Recent, Said Last, Said Last Month, Said ldquo, slowing, State bank, The Banking, The Banking Sector, The Currency, The Dong, The first, The first quarter, The Nation, The state, The state bank, The world, The World Bank, This year, Vietnam, world, World Bank, Yesterday
Posted in Business | Comments Off
January 14, 2012
Vietnam’s State Treasury raised VND1.88 trillion ($89.4 million) by selling government bonds in its first auction of the year, the Hanoi Stock Exchange said. The treasury sold the entire amount of VND1 trillion of three-year debt it offered at a yield of 12.10 percent, and raised VND880 billion via five-year debt at 12.15 percent, [...]
Tags: 10-percent, 12 10, Auction, billion, Bonds, exchange, Government, Government Bonds, Of Three Year, percent, raised, Selling Government, The exchange, The Exchange Said, The treasury, three-year, treasury, Treasury Raised, trillion, Vietnam, Year Debt
Posted in Business | Comments Off
January 11, 2012
An upswing in mergers and acquisitions in the banking system will occur this year, bringing the number of banks in Vietnam to below 30, the Dau Tu (Investment) newspaper has reported, citing experts. Economist Nguyen Tri Hieu said there will be a strong M&A wave in the sector as many lenders are looking for [...]
Tags: All Banks, Bad Debts, Bank Vietnam, banking, Banking Sector, Banking System, banks, Central, Central bank, Country, Dau Tu, debts, governor, Lenders, Merged, newspaper, percent, Report:, restructuring, Restructuring Process, sector, state, State-owned, strong, Strong Banks, system, The Banking, The Banking System, The central, The central bank, The country, The Dau, The Newspaper, The Restructuring, The Restructuring Process, This year, Vietnam
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