January 9, 2012
 Street vendors ply their goods in downtown Ho Chi Minh City. The Asian Development Bank has lowered Vietnam’s economic growth forecast in 2012 to 6.3 percent from 6.5 percent forecast last September. With the world economy remaining mired in difficulty, the Asian Development Bank forecasts a difficult year ahead for Vietnam. However, it [...]
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October 20, 2011
Commonwealth Bank of Australia, the nation’s biggest lender, will pay VND1.15 trillion ($55 million) for an additional 5 percent stake in Vietnam International Commercial Joint-Stock Bank. The purchase, approved by regulators in July, will increase Commonwealth’s stake to 20 percent, the maximum allowed for a foreign investor, from 15 percent, the Vietnamese lender known [...]
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April 3, 2011
A foreign tourist wades down a flooded street in the tourist town of Hoi An in the central province of Quang Nam in 2009. The World Meteorological Organization reported that globally, 2010 was the hottest year on record. Nine of the ten hottest years ever recorded were in the first decade of this century. The [...]
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October 12, 2009
LookAtVietnam – Car importers face increases in taxable prices by 3-20 percent, as stipulated in the risk management list issued by GDC. Under the revised risk management list, all new and used car imports will be subject to higher minimum taxable prices, some increasing by several thousand dollars. More than 600 car models are affected, including [...]
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October 7, 2009
UK a key partner for Vietnam, says PM; Increasing leadership capacity and combative spirit; Strengthening ties between Vietnam and United Arab Emirates; Global disaster reduction fund’s donors visit Vietnam UK a key partner for Vietnam, says PM The UK continues to be an important partner for Vietnam, Prime Minister Nguyen Tan Dung told that country’s [...]
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September 2, 2009
Small commercial banks have a tough mission increasing lending LookAtVietnam – Local commercial banks’ credit growth this year will be extricated from the 25-27 per cent cap to pump capital into the economy. A State Bank source said detailed guidance on banks’ credit growth this year would soon be released, which would allow commercial banks [...]
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July 16, 2009
LookAtVietnam – Saigon Securities Incorporated has identified the three biggest problems banks will have to face in the time to come, including narrow margin between deposit and lending interest rates. At the beginning of the year, credit grew slowly due to the difficulties of the national economy. The credit growth rates were just 0.6 and [...]
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July 5, 2009
Banks have been quick to talk down risk management risks. LookAtVietnam – Consumer credit is rapidly growing after escaping interest rate cap constraints, triggering regulators’ concerns about banks’ risk management. The State Bank last week sent a directive asking commercial lenders to assess their consumer lending systems to ensure loans have been used for the [...]
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July 1, 2009
VietNamNet Bridge – The Deputy Chairman of Vietnam’s National Finance Supervision Committee expressed confidence that the Vietnamese banking system is sound. Deputy Chairman of Vietnam’s National Finance Supervision Committee Le Xuan NghiaNghia: A report by CommerzBank (Germany) showed that the return on equity capital (ROE) ratios of big financial institutions in the world [recently] are [...]
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June 26, 2009
Hundreds of experts gathered yesterday in HCM City for the second day of an international workshop on climate change, calling for new strategies to protect Viet Nam’s highly vulnerable southern region. People travel in the floods in Nguyen Huu Canh Street, HCM City’s Binh Thanh District. â VNA/VNS Photo Trang DuongSpeaking at the meeting [...]
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