January 3, 2012
A dried part of the Ba Ha River below a hydropower dam in Phu Yen Province An inspection by officials in Phu Yen Province in south central Vietnam on Tuesday found rivers are dying and locals’ lives are lagging as a result of hydropower dams. The three hydropower plants in the province, put on the Ba [...]
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November 28, 2011
The central bank has completed a plan to restructure the banking system. Vietnam’s central bank said it will consider lowering the dong deposit rate cap in December, admitting that the cap has created an advantage for large banks over smaller lenders. The 14 percent cap was introduced at the end of 2010, but until last [...]
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November 28, 2011
Vietnam Prime Minister Nguyen Tan Dung talks at the National Assembly meeting Friday. Vietnam holds sovereignty over the Hoang Sa (Paracel) Islands and will assert sovereignty through peaceful measures, Prime Minister Nguyen Tan Dung told the National Assembly Friday. According to Dung, the country has owned Hoang Sa and Truong Sa (Spratly) archipelagos at least [...]
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November 26, 2011
An employee at Joint-Stock Commercial Bank for Foreign Trade of Vietnam, or Vietcombank, counts dong bank notes in Hanoi. Vietnam’s central bank unveiled plans to create a three-tiered financial industry dominated by 15 lenders as part of efforts to allay concerns over the nation’s banking system. The country aims to have 15 “big” banks by [...]
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November 19, 2011
Workers on strike at a Ho Chi Minh City-based company. A bill on demonstration has sparked controversy at the Vietnam National Assembly’s sitting on Thursday, as some lawmakers find the law unnecessary, while others disagree. Hoang Huu Phuoc, a member of the legislature from Ho Chi Minh City, proposed the National Assembly not introduce the Law on [...]
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Posted in Politics | Comments Off
November 16, 2011
Bill on Denunciation would discredit the press as tattle-tales German Chancellor Angela Merkel (center, R) and Ho Chi Minh City Mayor Le Hoang Quan (center, L) surrounded by the press in front of city hall during her visit to HCMC on October 12. An article in the draft Law on Denunciation has come under [...]
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November 15, 2011
 Several economists are saying the government should not commit itself to any gross domestic product target, adding economic growth cannot be a forced process. Vietnam should just follow other countries and release regular economic forecasts instead, they suggest. Vu Quang Viet, who has worked with the United Nations Statistical Division, said GDP growth [...]
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November 8, 2011
Brick-making kilns in the northern province of Phu Tho Vietnam’s government needs to put more investment into trade villages where locals are facing critical environmental pollution threats, lawmakers said at the National Assembly’s session on Monday. Representative Tran Du Lich from Ho Chi Minh City said that Vietnam seems to pay more attention to projects worth [...]
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November 5, 2011
Vietnam’s public debt will probably be higher than estimated, as the Ministry of Finance has missed including in its calculations several kinds of debt related to the government, lawmakers said at the National Assembly’s meeting on Friday. According to the National Assembly’s Finance and Budget Committee, their review showed that the country’s public debt will [...]
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October 29, 2011
Vietnam’s government announced key structural reforms for the economy next year on Thursday , focusing on improving state-owned enterprise and the banking sector. Prime Minister Nguyen Tan Dung said the government will speed up share sales at state companies and review their operations. State-owned companies will have to focus only on their main business [...]
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