January 15, 2012
A woman fans coals to heat up a cooker on the railway track in downtown Hanoi. When investment decisions are made based on corruption, it is not only the honest firms that suffer, but also the public through lower quality and higher cost works. As Vietnam sits on the cusp of becoming a middle income [...]
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Posted in Life in Vietnam | Comments Off
March 18, 2011
A woman leaves a local gold shop in Hanoi Prime Minister Nguyen Tan Dung reaffirmed that the government will seek to eliminate the unofficial trade of gold bullion and tighten controls over foreign currency transactions. Illegal US dollar trading activities will be punished strictly, he said at a government meeting on Tuesday (March 15). The [...]
Tags: Bullion, Buy Gold, End Unofficial, End Unofficial Gold, Gold Bullion, Gold Holdings, Gold Trading, Government, price, State bank, That The Government, The government, The state, The state bank, To End Unofficial, To End Unofficial Gold, trade, trading, Unofficial, Unofficial Gold
Posted in Business | Comments Off
March 11, 2011
A recent crackdown has brought the unofficial foreign exchange market in Hanoi to a standstill The State Bank of Vietnam Governor Nguyen Van Giau announced that foreign exchange rates on the unofficial currency market will drop in coming days as the authorities launch a crackdown on illegal dollar hoarding and trading. On Tuesday, Giau told [...]
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Posted in Business | Comments Off
March 9, 2011
A shop assistant buys gold and jewelry from a customer at a gold shop in downtown Ho Chi Minh City. Vietnam plans to eliminate gold bullion trading in the unofficial market. The State Bank of Vietnam is planning to eliminate gold bullion trading in the unofficial market in a move to reduce speculation, reduce inflation, [...]
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