January 3, 2012
A street vendor walks past a Chanel SA store inside the Rex Hotel in downtown Ho Chi Minh City, Vietnam, on Tuesday, Dec. 27, 2011. Vietnam’s growth held near 6 percent this quarter, reducing the pressure for further monetary tightening after higher interest rates limited the boost to the economy from exports and domestic consumption. [...]
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November 24, 2011
Vietnam Joint Stock Commercial Bank for Industry & Trade (CTG), known as VietinBank, has received approval from the country’s central bank for its planned $500 million international bond sale, Deputy General Director Le Duc Tho said in a telephone interview. “Our plan is to sell the bonds in the fourth quarter, but in reality [...]
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October 13, 2011
Vietnamese inflation may jump and the priority is to curb it, the Communist Party said as Asia’s fastest consumer-price growth adds pressure on the dong. Inflation is “at risk of surging,” Communist Party General Secretary Nguyen Phu Trong said in the text of a speech posted on the government’s website Monday. Vietnam will prioritize [...]
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July 30, 2011
Tran Ha Duy (L) and her sister Tran Ha Tien have been arrested for their alleged involvement in an African-led drug trafficking ring African drug smuggling rings are using Vietnamese female students as traffickers instead of middle-aged women as they did earlier, a senior narcotics police officer has warned. Colonel Le Thanh Liem, deputy chief [...]
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June 27, 2011
Michael Cluzel, General Director of GTEL-Mobile GTEL-Mobile has announced a plan to expand its business in Vietnam, including the goal to make its mobile network Beeline the fourth largest in the country. The company said it will build 5,000 new base transceiver stations next year. It also plans to add 1,000 staff members and increase its [...]
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June 2, 2011
Vietnam’s central bank ordered lenders to set aside more dollars as reserves for the second time in less than two months, escalating the nation’s fight to steady the dong and quell the highest inflation in Asia. The reserve-requirement ratio on US dollar deposits will rise by 1 percentage point to a range from 4 [...]
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March 30, 2011
Motorcyclists ride by a newly developped residential quarter in Hanoi Vietnam’s growth slowed in the first quarter after the central bank raised key interest rates to among the highest levels in Southeast Asia to tame inflation. Â Gross domestic product climbed 5.43 percent in the three months through March from a year earlier, according to [...]
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February 5, 2010
Business confidence among Viet Nam’s small- and medium-sized enterprises (SMEs) climbed 10 points in the fourth quarter last year, . . . Sandy Flockhart, HSBC’s chairman of personal and commercial banking, said: “Our small business confidence index is telling us that confidence levels are back to pre-financial crisis levels. Not only are SMEs confident that [...]
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January 29, 2010
The documents for nomination of the Saint Giong Festival as an intangible cultural heritage of mankind meets the technical standards necessary to enter the next round of evaluation. The Saint Giong Festival. Dr. Le Thi Minh Ly, Vice-Head of the Cultural Heritage Agency under the Ministry of Culture, Sports and Tourism, told VietNamNet that this is [...]
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January 21, 2010
The State Bank of Vietnam building in Ly Thuong Kiet St., Hanoi Vietnamâs central bank was âpro- activeâ and âforcefulâ in raising interest rates last year, which may limit the extent of further increases in borrowing costs in 2010, Australia & New Zealand Banking Group Ltd. said. The Southeast Asian nationâs central bank boosted its [...]
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