December 19, 2011
Koay Keng Chen, a 22-year-old Malaysian, at a trial in Hanoi on Friday where he received a three-year jail term for fraud. A Malaysian man was sentenced to three years in jail at a trial in Hanoi for cheating a mobile phone shop out of VND35 million (US$1,665) with fraudulent credit cards, Vietnam News Agency [...]
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November 16, 2011
An Indochina Airlines airplane. The company’s general director Ha Dung has been banned from going abroad due to the company’s US$1.3 million debt to a local bank. A songwriter who owns the first private airline to run flights in Vietnam has been prohibited from leaving the country because his beleaguered company owes more than US$1.3 [...]
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January 8, 2011
With thousands of public kindergarten teachers getting jobs in the private sector, Hanoi and Ho Chi Minh City are experiencing a severe shortage of teachers. Statistics released by Hanoi government showed that the city lacks 2,898 kindergarten teachers. Investigations showed that many teachers have asked for a long-term leave without payment to run barber [...]
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July 16, 2009
Businesses have been criticized for relying on the American dollar for making payments, instead of using a range of hard currencies. Expert advisors are fond of telling businesses, especially companies engaged in foreign trade, to use more than one currency in settling their foreign accounts. Diversifying to include the Japanese yen or the Euro would [...]
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May 14, 2009
VietNamNet Bridge – Commercial banks have abundant dollars to lend, while they lack dollars to sell. Deputy Governor of the State Bank of Vietnam (SBV) Nguyen Thanh Binh talked about the issues. Commercial banks have abundant dollars to lend, while they lack dollars to sellThe foreign currency market has become tense in the last three [...]
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