May 16, 2011
Customers leave a jewelry shop in downtown Hanoi. Vietnam’s gold prices have risen around 33 percent over the past year. Nguyen Van Giau sighs audibly and shifts in his chair when I ask him the dreaded question: Is Vietnam losing its inflation battle? It’s one the country’s central bank governor can barely go an hour [...]
Tags: banks, Central, Central bank, Central banks, Core Inflation, economy, Food And Energy, growth, In April From, independence, Indonesia, inflation, Last week, monetary, Officials, Party, percent, policy, Policy Makers, prices, rates, risks, Singapore, stable, The key, The philippines, These Days, Vietnam, William Pesek
Posted in Life in Vietnam | Comments Off
February 8, 2011
Photo illustration of a brain scan. Human brains have shrunk over the past 30,000 years, puzzling scientists who argue it is not a sign we are growing dumber but that evolution is making the key motor leaner and more efficient. Human brains have shrunk over the past 30,000 years, puzzling scientists who argue it is [...]
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January 28, 2010
The Federal Reserve said on Wednesday decided to keep a key interest rate unchanged at a record low of between zero to 0.25 percent to prop up the economy. SIGNS OF ECONOMIC IMPROVEMENTInformation received recently “suggested that economic activity has continued to strengthen and that the deterioration in the labor market is abating,” the Fed [...]
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January 25, 2010
A panel advertising interest rates of 10.49 percent on dong deposits outside a SeABank office in Ho Chi Minh Cityâs District 1. The ongoing liquidity crunch is forcing commercial banks to break the law on interest rates in order to raise enough funds for lending, experts say. They are offering bonus percentage points on deposits [...]
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December 20, 2009
LookAtVietnam – Legislators on Thursday continued to criticize the government’s plan to eliminate a benchmark used to calculate interest rates in Vietnam for years. Phung Quoc Hien, chairman of the National Assembly Finance and Budget Committee, said the key rate was an effective instrument that helps put the market under control.“The key rate has acted [...]
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December 19, 2009
Legislators on Thursday continued to criticize the governmentâs plan to eliminate a benchmark used to calculate interest rates in Vietnam for years. Phung Quoc Hien, chairman of the National Assembly Finance and Budget Committee, said the key rate was an effective instrument that helps put the market under control.âThe key rate has acted as a [...]
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December 2, 2009
LookAtVietnam – On November 28, the first rice ‘trading floor’ in Vietnam made its debut. Can it succeed where many such ventures have failed? The rice exchange is an effort backed by the Vietnam Food Association to increase farmers’ income by cutting out the middlemen and making prices transparent. “We’re going to help farmers connect [...]
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November 27, 2009
A bank staff counts US dollar notes at an Asia Commercial Bank branch in Ho Chi Minh City The central bank has devalued the dong and raised interest rates earlier than expected in an attempt to rein in accelerating inflation and a widening trade deficit that is eroding confidence in the local currency. The State [...]
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November 26, 2009
The local garment and textile industry’s target of self-sufficiency in material supply in the long term looks unobtainable due to a shortage of investment in new technology. Advanced equipment on display at the ninth Vietnam International Textile and Garment Exhibition 2009 (VTG 2009) held at the Saigon Exhibition and Convention Center in HCMC early this [...]
Tags: And Textile Industry, And Trade Said, apparel, billion, Country, enterprises, export, Export Revenue, French, garment, Garment And Textile, Garment And Textile Industry, In The Country, In This Industry, industry, Industry And Trade, Industry And Trade Said, Industry Needs, labor, Labor Shortage, Ldquo, Machinery And Technologies, Monday, Of Industry And, Of Industry And Trade, orders, Rdquo, shortage, solve, Technological Renovation, technologies, textile, Textile And Garment, Textile Industry, Textile Industry Needs, Textile Technologies, The country, The Country Had, The Daily, The Garment, The Garment And, The Garment And Textile, The key, The Labor, The ministry, The textile, The Textile Industry, This industry, Told The Daily, Total Export, Total Export Revenue, trade, Vietnam, Vitas, workers, years
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November 21, 2009
A man walks past a panel showing deposit rates outside a VietABank office in Ho Chi Minh City Legislators have criticized a plan to eliminate the key rate used to calculate interest in Vietnamâs banking system, saying the financial market would spin out of control without the benchmark. At a National Assembly meeting early this [...]
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