November 26, 2011
Vietnam lawmakers on Tuesday opposed draft adjustments to the current labor law, saying that an increase in regulated overtime is not what laborers want. The proposal being discussed at the National Assembly aims to increase the maximum annual overtime from 200 hours to 360 hours. Cu Thi Hau, a lawmaker from the northern province of Hung [...]
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November 17, 2011
Vietnamese legislators say workers are struggling to survive on low wages because the minimum salary has not been adjusted to keep pace with inflation. Nguyen Van Khanh of the southern province of Dong Nai said many workers are living a very stringent life with low-quality meals on a monthly income of less than US$100, or approximately VND2 [...]
Tags: Basic Salary, Minimum Salary, salary, The Basic, The Basic Salary, The government, The Minimum, The Minimum Salary, workers
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November 8, 2010
Xoi (sticky rice), makes for a cheap and easy Saigon breakfast Nguyen Thi Kiem, who is now nearly 80 years old, sells xoi at the corner of Pasteur and Le Thanh Ton streets in Ho Chi Minh Cityâs District 1 For the past 40 years, Nguyen Thi Kiem has fed Saigon its breakfast. The [...]
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January 28, 2010
The decision by SBV to maintain the basic interest rate means that the difficulties in capital mobilization will not be improved in the near future. The basic interest rate for February 2010 will still be eight percent. A joint stock bank director told Dau Tu reporters that the decision was really a surprise to commercial banks. [...]
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January 27, 2010
LookAtVietnam – Commercial banks are proposing the ceiling interest rate scheme is removed, saying it has caused major difficulties in capital mobilization and lending. According to the governor of the State Bank of Vietnam Nguyen Van Giau, five out of 16 banks in HCM City have been found to have outstanding loans double the mobilized [...]
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January 25, 2010
LookAtVietnam – SME Association Chair Cao Si Kiem has lodged a complaint with the central bank about overly high lending interest rates and “black credit” at banks. The hottest topic of discussion last week was “black credit” at commercial banks, referring to banks providing loans at interest rates higher than quoted rates and ceiling rates as stipulated [...]
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January 19, 2010
LookAtVietnam – It has been rumoured that the State Bank of Vietnam may raise the basic interest rate in January 2010. While the State Bank of Vietnam (SBV) has not confirmed or denied the rumour, securities companies have already begun arguing that SBV has no reason to raise the basic interest rate. According to Tran Hai [...]
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December 29, 2009
LookAtVietnam – Dr Tran Du Lich stressed that in 2010, a credit growth rate of 25 percent would be reasonable. Dr Tran Du LichDr Tran Du Lich is a Member of the National Advisory Council for Monetary Policies. Dau tu chung khoan: The Government has decided that the credit growth rate in 2010 would be curbed [...]
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December 28, 2009
LookAtVietnam – The Secretary General of the Vietnam Banking Association (VNBA) claims the liquidity difficulties are temporary. Secretary General Duong Thu Huong, in the interview given to Dau Tu Chung Khoan, stated that the demand for capital always increases in the fourth quarter, when businesses make payments as well as disbursement and clear stocks. Commercial [...]
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December 24, 2009
LookAtVietnam – Though the State Bank of Vietnam has applied stable interest and exchange rate policies in 2009, the market still see-sawed at times. Monetary policies stable For 2009, monetary policies became more stable than in 2008, when policies were adjusted regularly. In 2008, the basic interest rate was adjusted eight times, the compulsory reserve ratio [...]
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Posted in In depth, Reports | Comments Off
