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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November 13, 2011
Wiping out small banks should not be the goal of banking reform A customer exits a branch of Joint-Stock Commercial Bank for Foreign Trade of Vietnam, or Vietcombank, in Hanoi. Bad debts at local banks are rising, raising concerns about the safety of the whole banking system. With bad debt exposure rising among local [...]
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October 29, 2009
From 2011 to 2015, Viet Nam will need US$2-2.5 billion in agriculture development investments, an increase of 1.5 times against the previous five years’ figure. In order to attract more ODA funds, MARD has introduced new models with an aim to raising farmers’ incomes and improving their living conditions, particularly for the poor and those [...]
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October 10, 2009
LookAtVietnam – All State-owned enterprises will have to finish restructuring in accordance with the 2005 Enterprise Law by next July. This law embraces both State and private businesses. Workers from Viet Nam Machinery Erection Corporation at the Dong Nai Hydroelectric plant’s construction site. Economic experts say it is high time for State-owned enterprises to restructure. [...]
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August 13, 2009
LookAtVietnam – A decree covering the management of state-owned economic groups has been promulgated, ending the period of operating with no legal framework. The telecommunications group will be established based on the restructuring of the operational military telecommunications service provider Viettel.Deputy Chairman of the Government Office, Deputy Chairman of the Committee for State Owned Enterprise [...]
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August 4, 2009
The Electricity of Vietnam (EVN), Vietnam National Oil and Gas Group (PetroVietnam) and Vietnam Coal and Mineral Industries Group (Vinacomin), will hold the controlling proportion in total power capacity. The Government Office has released a document announcing the Prime Minister’s decision on the plan to restructure power generation and supply and develop the power market. [...]
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July 24, 2009
The European Commission said on Thursday that it would take account of the financial crisis when assessing bank restructuring plans but warned that banks would have to make sacrifices. The approach was outlined by the commission, which polices competition issues in the 27-nation European Union, in new âguidelinesâ explaining how it assesses state aid giving [...]
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