January 11, 2012
 A man works at a steel factory in Que Vo District, outside Hanoi . Many companies in Vietnam are facing higher operation costs and lower profits. An annual report that ranks Vietnam’s 500 largest companies based on revenues, profit, growth rate, assets, and number of employees shows that returns are declining for private companies. [...]
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Posted in Reports | Comments Off
December 14, 2011
Electricity of Vietnam's debt-to-equity ratio is not safe, according to the Ministry of Investment and Planning. Electricity of Vietnam has a debt-to-equity ratio of 4.25, much higher than the average 1.98Â for the country’s state-owned enterprises, news web site VnExpress reported Saturday, citing the Ministry of Investment and Planning. The report said that the high ratio [...]
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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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November 5, 2011
Vietnam’s public debt will probably be higher than estimated, as the Ministry of Finance has missed including in its calculations several kinds of debt related to the government, lawmakers said at the National Assembly’s meeting on Friday. According to the National Assembly’s Finance and Budget Committee, their review showed that the country’s public debt will [...]
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Posted in Politics | Comments Off
October 21, 2011
The State Bank of Vietnam said it supports banking mergers to enhance the competitiveness of local lenders and secure the national banking system. As the government pursues economic stability and stable growth, the central bank said in a statement on Wednesday it would continue to tighten monetary policy. “Beginning now, credit institutions need to [...]
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September 24, 2011
Workers clean the Keangnam residence tower in Hanoi September 20, 2011. Like many hoping for easy cash in Vietnam’s property market, Nguyen Thu Huong borrowed VND500 million ($24,000) from a bank in April to buy a new flat she didn’t need and planned to flip. The only question, she thought, was how big the [...]
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September 11, 2011
Foreign debt accounted for 42.2 percent of Vietnam’s GDP in 2010, up from 39 percent in 2009. Vietnam should focus on decreasing the current account deficit and approaching foreign exchange rate fluctuation with caution, economist Tran Du Lich told Thanh Nien Weekly in an interview. Thanh Nien Weekly: Foreign debt accounted for 42.2 percent of [...]
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August 28, 2011
à mai mơ (salted or sugared apricots) sold at a shop in Hanoi The apricot, or Prunus armeniaca, is popular for its taste and fragrance. The yellow fruit, which ripens between late March and the end of April, contains plenty of Vitamin A and fiber as well as vitamins C and B1, tannin, lycopene and [...]
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Posted in Health | Comments Off
July 19, 2011
Vietnam targets annual credit growth of 20 percent for 2011 Nine commercial lenders have failed to cut back credit to non-manufacturing sectors by June 30 and will be punished with higher reserve requirements, the State Bank of Vietnam said last week. Central bank governor Nguyen Van Giau said the lenders, including five partly private banks [...]
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June 12, 2011
Deputy Prime Minister called for stricter oversight of Vietnam’s gender selection practices Children at a kindergarten in Ho Chi Minh City. Health authorities in Vietnam have warned against serious gender imbalance over the past several years. When doctors at a private medical service in Ho Chi Minh City’s District 5 told Tran Thi Thanh [...]
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