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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Posted in Business | Comments Off
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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Posted in Business | Comments Off
October 30, 2011
Tens of thousands of people rally in support of Syrian President Bashar al-Assad in Damascus on October 26. Syria’s President Bashar al-Assad has warned that any Western intervention would cause an “earthquake” inflaming the region, after almost 100 people died in the bloodiest two days of the uprising against his rule. Assad in an interview [...]
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Posted in International | Comments Off
August 6, 2011
At one point, the Ngo Dong River flows between two impressive bluffs An astonishing 1,300 manned rowing boats are used to take tourists up the Ngo Dong River to Tam Coc and back. From the village of Van Lam in Ninh Binh Province, it’s a two-hour trip along the river to the three limestone [...]
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Posted in Travel | Comments Off
July 1, 2011
China has stepped up buying farm products from Vietnam, including coffee, rice and rubber as it grapples with harsh crop weather, but higher prices could stoke inflation in the Southeast Asian nation, government data and local media said. Rising Chinese imports of Vietnamese agricultural produce, which has seen robust growth in the past decade, [...]
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Posted in Business | Comments Off
June 12, 2011
A student browses at the Fahasa bookstore in downtown Ho Chi Minh City. A new VND70 trillion (US$3.4 billion) project to renovate Vietnam’s academic programs and textbooks has drawn flak from experts and educators. Experts and educators have voiced concerns over a VND70 trillion (US$3.4 billion) project that will revamp Vietnam’s academic programs and [...]
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Posted in Sci-Tech | Comments Off
June 4, 2011
Geof Heydon, vice president of Digital Economy at Alcatel-Lucent in Australia. Broadcasters, policy makers, regulators, and experts in media sector have met in Hanoi on May 24-25 for the 8th Asia Media Summit, which was viewed as a significant platform to address challenges and to identify opportunities in the new age of digital economy. The [...]
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Posted in Reports | Comments Off
March 25, 2011
 People get crowded at the Seal Opening ritual held last month in the northern province of Nam Dinh For thousands of years, villages all over Vietnam have held cultural festivals, following the Lunar New Year. Many of the festivals are not only unique to Vietnam, but they are also unique to each village. [...]
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Posted in Lifestyle | Comments Off
March 1, 2011
Bernard Madoff arrives at Manhattan Federal court in 2009. Bernard Madoff, in prison for the biggest pyramid scheme fraud in Wall Street history, says that in reality he made a lot of people rich and that he suffered alone. In a lengthy telephone interview from prison to New York Magazine, the man widely described in [...]
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Posted in International | Comments Off
February 28, 2011
The caravan at the border crossing Xa Xia. Last July, four Vietnamese nationals made history, by piling into an all-terrain Mitsubishi and setting off for the Golden Triangle. They weren’t heroin traffickers, wildlife smugglers or flesh peddlers. These men were trafficking in adventure. And Vietnam ate it up. On December 5, audiences all over the [...]
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Posted in Reports | Comments Off
