Posts Tagged ‘ Recent ’

Vietnam signals rate cuts as Asia’s fastest inflation eases 

January 14, 2012
Vietnam signals rate cuts as Asia’s fastest inflation eases 

  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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Posted in Business | Comments Off

Vietnam private sector squeezed by rising costs 

January 11, 2012
Vietnam private sector squeezed by rising costs 

   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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Protesters ignore American love of entrepreneurs 

November 24, 2011
Protesters ignore American love of entrepreneurs 

A protester chants during an Occupy Wall Street march in New York October 1, 2011 The Occupy Wall Street movement is fighting an almost unwinnable battle against the ghost of Steve Jobs. America’s love affair with entrepreneurship complicates any attempt to mount an effective European-style war of have-nots against haves. To be successful, the new [...]

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Posted in Life in Vietnam | Comments Off

Workers used and abused, without pay 

November 19, 2011
Workers used and abused, without pay 

  Workers in Ho Chi Minh City struggle with unstable jobs, abuse at work, and bosses who flee to avoid paying employees Workers from Miso Vina Company stay at the company yard around the clock awaiting payment after the South Korean director fled to avoid paying their salaries Binh burns leaves and sticks at night [...]

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Vietnam plans new reforms 

November 14, 2011
Vietnam plans new reforms 

  Workers at a ship yard of the Vietnam Shipbuilding Industry Group, or Vinashin. Many in Vietnam hope the government will pursue reforms that are broad enough and deep enough to fix debt-ridden state banks and rein in inefficient state enterprises (SOEs) such as Vinashin, which embarrassingly defaulted last year. After four years of economic instability, [...]

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‘Black credit’ a serious danger amid economic slowdown 

October 30, 2011
‘Black credit’ a serious danger amid economic slowdown 

Lawyer Pham Thanh Binh, deputy head of Hong Ha Law Firm in Hanoi. A series of loan insolvencies totaling hundreds of billion Vietnamese dong have been detected in Hanoi. This is partly due to the impacts of the economic slowdown, which has savers shying away from legal investment channels because of low profits. They instead [...]

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China pushes India east… toward Vietnam 

September 24, 2011
China pushes India east… toward Vietnam 

  A recent diplomatic row with China highlights India’s moves to beef up its influence in the East Sea via more cooperation with Vietnam, observers say Indian Navy personnel march on Indian Independence Day at the Red Fort monument in New Delhi. India’s recent actions demonstrate that countries are looking for ways to balance the [...]

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Vietnam objects China’s fishing activities in East Sea 

September 23, 2011
Vietnam objects China’s fishing activities in East Sea 

Luong Thanh Nghi, spokesman of the Vietnamese foreign ministry Vietnam on Friday protested China’s recent fishing activities in the waters of Vietnam’s Truong Sa (Spratly) archipelago, saying they violated its indisputable sovereignty . Luong Thanh Nghi, spokesman of the Vietnamese foreign ministry, also rejected as "invalid" China’s recent objections against oil and gas exploration projects carried out by [...]

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Rotten meals threaten factory workers 

August 30, 2011
Rotten meals threaten factory workers 

Workers at a company in Ho Chi Minh City being treated for food poisoning on June 30. Many factory workers have joined in recent strikes to fight low quality meals. The lack of regulations governing factory meals and high food prices have led to increasing rates of food poisoning among workers, many of whom are [...]

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Vietnam upgrades navy to protect sovereignty: deputy minister 

August 13, 2011
Vietnam upgrades navy to protect sovereignty: deputy minister 

Vietnam People's Navy Commander Nguyen Van Hien. The Vietnamese navy is upgrading its capacity with more advanced equipment and devices with peaceful intentions in protecting the country’s sovereignty, Commander Nguyen Van Hien, also deputy minister of the Ministry of Defense, told Thanh Nien.    How do you assess the Vietnam People’s Navy’s current determination and [...]

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Feature

Vietnam, Cuba foreign ministries to bolster ties

By

Vietnam’s top diplomat has affirmed that the Foreign Ministry will closely cooperate with its Cuban counterpart to implement the agreements reached by the two...