January 23, 2012
Vietnam’s benchmark stock index on January 19 rose the most in seven months and the currency rallied to a one-month high on speculation the central bank will cut interest rates and limit declines in the dong. The Ho Chi Minh City Stock Exchange’s VN Index climbed 3 percent to 373.43 at the 11 a.m. [...]
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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 13, 2012
Chinese workers in southern Vietnam Lax regulations are allowing more than 31,330 foreigners to work illegally in Vietnam, labor officials said at a conference this week. Officials from the Ministry of Labor, Invalids and Social Affairs suggested the government quickly establish an Employment Law to better manage foreign workers, Tien Phong (Vanguard) newspaper said. The illegal number [...]
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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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January 11, 2012
Tran Ba Tuan and Nguyen Dinh Quyet, both former investigators of Nha Trang’s police division, at a trial in the central province of Khanh Hoa on January 9. The duo received suspended sentences for torturing a theft suspect in 2010. Two former police officers in the central province of Khanh Hoa each has received a nine-month suspended [...]
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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 11, 2012
Vietnam’s five-year bonds on Monday fell on speculation an increase in money-market rates prompted banks to sell the securities to raise cash. The dong was steady. Overnight interbank borrowing rates climbed to 12.25 percent Monday, the highest level since Dec. 16, from 11.95 percent on Jan. 6, data compiled by Bloomberg show. The money [...]
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January 9, 2012
The royal citadel of Hue in the central province of Thua Thien – Hue Several tourist spots in the former imperial capital of Hue in the central province of Thua Thien – Hue will offer free admission to both local and foreign tourists from January 23-25 (1st to 3rd day of first lunar month). Phan [...]
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January 7, 2012
 Tran Tuy’s Khuc dong ca (a children’s song) (Under), which was eerily reminiscent of photographer Duy Anh’s Tiep buoc cha ong (Follow in the ancestor’s footsteps) (Above). Since the list of award-winning works were announced in June, a provincial literature and arts contest in central Vietnam has received several petitions of denouncement regarding a [...]
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January 2, 2012
Song Tranh 2 Hydropower Plant in the central province of Quang Nam Further scientific study has confirmed that the operations of a hydropower plant have caused underground explosions and minor earthquakes in the central province of Quang Nam, Saigon Tiep Thi reported Friday. The report quoted conclusions made by the Vietnam Academy of Science Technology as saying that the tremors in [...]
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Posted in Social | Comments Off
