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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January 16, 2012
Vietnam will see strong economic expansion during the coming 40 years, HSBC says Vietnam will be among the top 50 economies within the next few decades as many other emerging markets are set to take the lead of the global economy, HSBC has predicted. “Vietnam, like many of its rapid growing neighbors, will see strong [...]
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December 19, 2011
Vietnam needs to implement the restructure of both small and large banks in a drastic manner, an economist says. The central bank has approved the merger of three small banks – Ficombank, Saigon Commercial Bank, and Vietnam Tin Nghia Bank – that are mired in liquidity problems. The restructure of banks will continue for the [...]
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December 5, 2011
Indochina Airlines has had its business license revoked after a year of being non-operational The Transport Ministry has revoked the business license of Indochina Airlines after the first private airline to operate flights in Vietnam showed no activity for the past year. Â According to the Civil Aviation Authority of Vietnam, who had proposed that [...]
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December 2, 2011
BIDV's shares will be listed on the Ho Chi Minh Stock Exchange next year. Bank for Investment and Development of Vietnam, the country’s third-largest lender, plans to sell a 3 percent stake in an initial public offering this month as the government revives state asset sales amid slumping stock prices. BIDV will hold the IPO, [...]
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November 16, 2011
An Indochina Airlines airplane. The company’s general director Ha Dung has been banned from going abroad due to the company’s US$1.3 million debt to a local bank. A songwriter who owns the first private airline to run flights in Vietnam has been prohibited from leaving the country because his beleaguered company owes more than US$1.3 [...]
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November 11, 2011
A man exits the office complex where MF Global Holdings Ltd have an office on 52nd Street in midtown Manhattan New York, October 31, 2011. Long before the brokerage firm MF Global collapsed into bankruptcy and prompted a frantic search for missing customer money, the company had already established a checkered history. An analysis of [...]
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Posted in International | Comments Off
October 28, 2011
Vietnamese ministries will be provided with US$25 million to increase the effectiveness of public services in reducing health risks of avian flu (H5N1) to poultry and humans in 11 local provinces. The aid will be granted by the Avian and Human Influenza Facility (AHIF) and the World Bank — and it will include funds [...]
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Posted in Health | Comments Off
October 19, 2011
Australia & New Zealand Banking Group Ltd., which aims to get 30 percent of its revenue from the Asia-Pacific area by 2017, plans to increase its number of wealthy clients in Vietnam to 10,000 from 1,000 in three years. The Melbourne-based Bank plans in the next two to three months to double the number [...]
Tags: 10 000, clients, plans, The bank, Wealthy, Wealthy Clients
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October 10, 2011
The central bank aims to keep the exchange rate stable The State Bank of Vietnam said it will keep the exchange rate stable, even as the dong has showed signs of weakening due to increasing dollar purchases for import and debt payments. The central bank said last week it aims to keep the rate stable [...]
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Risk, lax oversight riddle MF Global’s past
A man exits the office complex where MF Global Holdings Ltd have an office on 52nd Street in midtown Manhattan New York, October 31, 2011. Long before the brokerage firm MF Global collapsed into bankruptcy and prompted a frantic search for missing customer money, the company had already established a checkered history. An analysis of [...]
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