Posts Tagged ‘ Will Eat Into Profits ’

Vietnam businesses hurting as interest rates soar 

November 27, 2010
Vietnam businesses hurting as interest rates soar 

A staff member arranges stacks of cash at a branch of Asia Commercial Bank in Ho Chi Minh City. Business owners are now complaining that higher lending rates will eat into profits. Despite the central bank’s efforts to curb inflation and stabilize foreign exchange rate, interest rates continued to rise, putting more pressure on local [...]

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Vietnam, Cuba foreign ministries to bolster ties

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Vietnam’s top diplomat has affirmed that the Foreign Ministry will closely cooperate with its Cuban counterpart to implement the agreements reached by the two...