January 18, 2012
Many lenders in Vietnam are trying to attract individual clients Many banks in Vietnam are targeting retail savings as large but short-term deposits from corporate clients prove to be a volatile funding source. Bankers said while term deposits from individual customers are usually small, they make up a stable source of capital for banks. On [...]
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January 8, 2012
A clothes shop offers discount of 50 percent in Hanoi. Vietnamese consumers like to purchase products on sale, a survey has found. All major retailers have been offering attractive discounts to encourage recession-wary shoppers to loosen their purse strings for the festive season, and the initial response has been positive. The discount sales began prior [...]
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November 7, 2011
Retired stage artists are happy to be among their own in the autumn of their lives Then and now: Doan Thien Kim with a photograph taken during her heydays as a cai luong artist in HCMC several decades ago Former cai luong (reformed theater) artist Doan Thien Kim, 77, looks sad whenever she receives [...]
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September 23, 2011
Mafia-esque bus transportation system a no-holds-barred race fraught with risk Buses wait to pick up passengers on the road outside the Giap Bat Bus Station in Hanoi It took 30 minutes for the bus to travel just one kilometer as it inched its way out of the My Dinh Terminal in Hanoi at around [...]
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September 20, 2011
Labor export plans for the year have been thwarted by the narrowing of some major markets after escalated violence in Libya and by the increasing number of laborers decamping in South Korea. Vietnam may lose South Korea, one of its biggest labor export markets, due to the high number of laborers decamping in the [...]
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August 7, 2011
Vietnam hopes new resort complex on southern island will be a major fillip for tourism industry Phu Quoc Island, where the government plans to develop a casino resort With a multi-billion dollar casino project already in motion, hopes are now high in the tourism industry that Phu Quoc will turn into a resort island [...]
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July 30, 2011
Saigon Asset Management Corp., run by a former managing director of Vietnam’s biggest fund manager, plans to start the country’s first distressed-assets fund as a credit crunch squeezes small to medium-sized firms. Saigon Asset Management will team up with the investment unit of Vietnam Joint-Stock Commercial Bank for Industry & Trade, or VietinBank, the [...]
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July 25, 2011
Party Committee inspectors in the Mekong Delta province of Bac Lieu have officially asked the State Bank of Vietnam (SBV) to punish a branch director for wrongdoings in licensing credit fund offices. They have said his educational qualifications need to be verified, the Tuoi Tre newspaper reported. After a two-month investigation, the provincial Party Committee’s [...]
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May 24, 2011
Rising presence of foreign software firms a positive sign A visitor at an IT exhibition in Ho Chi Minh City walks past an advertisement for Vietnamese dictionary software Lac Viet. The rising presence of foreign companies may help create a good environment for IT development in Vietnam, industry insiders say. More and more global [...]
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April 16, 2011
Villas under construction in the suburban district of Soc Son in Hanoi. Rumors of impending infrastructure development projects have sent real estate prices soaring in some suburban districts of Hanoi like Me Linh, Dong Anh and Soc Son. In Me Linh District, residential land is selling at prices of between VND20-40 million (US$950-1,900) per square [...]
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