January 20, 2012
Thirty people in Ho Chi Minh City have tested positive for the bacterium that causes meningitis, which could be fatal if left untreated, the Tuoi Tre newspaper reported Tuesday. The paper quoted Tran Phu Manh Sieu, director of the HCMC Center for Preventive Health, as saying that the cases were detected among workers of the Japanese-owned [...]
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January 17, 2012
Food retail sales in Ho Chi Minh City witnessed “skyrocketing growth” in recent year, a report said Despite economic difficulties the retail market in Ho Chi Minh City expanded last year as top retailers and brands continued to come in, property consultant Knight Frank said in a new report. The retail sales value of goods [...]
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January 15, 2012
Ho Chi Minh City as seen from the rooftop of a downtown building. Property prices are expected to fall in the next six months. Developers are still pessimistic about market conditions but some experts believe investors should not rule out real estate just yet. Economist Dinh The Hien said the government is expected to [...]
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January 13, 2012
Rubble of a house that was alleged to be wrongly destroyed by authorities in the northern port city of Hai Phong after a controversial land revocation on January 5. Questions remain unanswered at a Thursday press briefing regarding a controversial land revocation that led to a violent confrontation with farmers in the northern port city of Hai Phong. [...]
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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 [...]
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January 10, 2012
Vietnam’s government may weaken the dong this year as gold buying puts downward pressure on the currency, according to economists who advise the prime minister. The country may adjust the dong-dollar reference rate by five percent to six percent in 2012, the National Financial Supervisory Commission wrote in a report released in Hanoi on [...]
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January 6, 2012
Vietnam's banking system is relatively sizeable and efficient, a report said Vietnam has a relatively sizeable and efficient banking system but it suffers from underdeveloped institutional and business environments, according to a new report by the World Economic Forum. The country dropped four places from last year to rank 50th in the forum’s fourth annual [...]
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December 31, 2011
(R) Nguyen Van Trung, 32, and his girlfriend, 28-year-old Le Thi Hong Linh receive jail terms at a trial in Ho Chi Minh City for robbing a Japanese tourist. A couple was sentenced to a total of four years in jail on Wednesday for robbing a Japanese tourist in Ho Chi Minh City, as travel [...]
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December 30, 2011
Cao Hong Son, a disabled athelete, has been fined US$950 for making a bomb threat at the Ho Chi Minh City-based Tan Son Nhat Airport. AÂ man was fined Thursday VND20 million (US$950) for making a bomb threat when he was taking a flight to a sporting event for athletes with physical disabilities in Indonesia. Cao [...]
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December 28, 2011
Two transport officials in southern Vietnam who were caught gambling billions of dong on Chinese chess games have been suspended from their posts and taken into for two months pending investigations. A VnExpress newswire report Tuesday said Nguyen Thanh Leo, deputy chief of the provincial Transport Department, and Tran Van Tan, director of Soc [...]
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