January 25, 2012
State-owned shipbuilder Vinashin almost collapsed under debts amounting to US$4.5 billion. Vietnam’s Prime Minister Nguyen Tan Dung told state-owned companies to submit restructuring plans, stepping up a drive to bolster the economy by raising efficiency and competitiveness. Detailed proposals involving steps such as selling stakes to private investors and disposing of non-core businesses must be [...]
Tags: companies, Government, inflation, owned, Owned Companies, plans, restructuring, Restructuring Plans, state, State Owned Companies, State-owned, Submit Restructuring, Submit Restructuring Plans, The economy, The government, The Nation, To Submit Restructuring, To Submit Restructuring Plans, Vietnam
Posted in News | Comments Off
January 20, 2012
Many banks in Vietnam fear that bad debts could rise this year. Many banks in Vietnam say dealing with bad debts rather than credit growth is going to be a priority task for 2012. According to the Dau Tu (Investment) newspaper, even large banks in the country fear that bad debts could rise this year. State-owned Bank [...]
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Posted in Business | Comments Off
January 18, 2012
An artist's impression of the PVN Tower State oil and gas group PetroVietnam said it has withdrawn from a skyscaper project in Hanoi as part of its plan to divest from sectors outside its main business scope. PetroVietnam will no longer invest in the 102-story PVN Tower, slated to become the tallest skyscraper in Vietnam, [...]
Tags: 102 Story, 102 Story Pvn, 102 Story Pvn Tower, construction, Government, PetroVietnam, Petrovietnam Construction, project, Pvn Tower, state, Story Pvn, Story Pvn Tower, The 102, The 102 Story, The 102 Story Pvn, The government, The Government Said, This year, tower
Posted in Business | Comments Off
January 15, 2012
Iran's President Mahmoud Ahmadinejad speaks with journalists at Tehran's Mehrabad airport after his visit to Latin American countries January 14, 2012. Iran said on Saturday it had evidence Washington was behind the latest killing of one of its nuclear scientists, state television reported, at a time when tensions over the country’s nuclear program have escalated [...]
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Posted in International | Comments Off
January 13, 2012
Nguyen Duc Nghia State President Truong Tan Sang has denied clemency for a man who was sentenced to death in Hanoi last November for beheading and robbing his ex-girlfriend in a headline-grabbing case. Nguyen Duc Nghia, 28, on November 15, 2011, sent a letter to the State President seeking a pardon, but the appeal was [...]
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Posted in Social | Comments Off
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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Posted in Business | Comments Off
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
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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Posted in Reports | Comments Off
January 9, 2012
A man (L) stands in front of an ATM while a homeless man sleeps in front of an advertisement on a street in Hanoi January 3. Prime Minister Nguyen Tan Dung has acknowledged the surging influence interest groups have on the policymaking process, calling for increased transparency to tackle the issue. Prime Minister Nguyen [...]
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Posted in Politics | Comments Off
January 8, 2012
Vietnam will have tight fiscal and monetary policies to fight inflation this year, while advancing a restructuring plan to enhance the efficiency and competitiveness of the economy, the government said. The country will use a “tight, cautious, flexible” monetary policy and “tight, effective” fiscal measures in 2012, according to a resolution posted late yesterday [...]
Tags: According, fiscal, investment, Ldquo, Ldquo Tight, monetary, Monetary Policy, policy, Policy Makers, Rdquo, resolution, state, The government, The Resolution, tight, Tight Fiscal, To The Resolution, Vietnam, World Bank
Posted in Business | Comments Off
