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[2011-11-04] Era of banking secrecy is over: OECD chief
Era of banking secrecy is over: OECD chief
October, 04 2011
A crackdown on banking secrecy has brought governments some 14 billion euros ($20 billion) in additional revenue over the last two years, the head of the OECD said in a report Thursday.
"The era of bank secrecy is over," Organisation for Economic Cooperation and Development chief Angel Gurria told the leaders of the Group of 20 leading economies meeting for a two-day summit at the French resort of Cannes in a report. "It is now ... |
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[2011-11-04] BUSINESS IN BRIEF 4/11
BUSINESS IN BRIEF 4/11
November, 04 2011
Ho Chi Minh City container thefts remain rife With their goods stolen from inside containers during transportation to ports, many businesses in Ho Chi Minh City have incurred losses of millions of dollar besides having their reputation damaged. In just the last 10 days of June, wood exporter TTP had 14 tons of timber stolen en route to Cat Lai Port for shipment to China. The company said it had not checked the containers later since the seals had been... |
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[2011-11-03] Breakfast @ Tuoitrenews – November 3
Breakfast @ Tuoitrenews – November 3
November, 03 2011
Tuoitrenews briefs some of salient news published today, November 3, on Vietnamese media:
Politics -- At their meeting yesterday, National Assembly deputies discussed the NA’s law building program that will be implemented in its term. As the program included many bills except the bill on demonstrations, many deputies urged the NA should include it into the program, saying demonstration was an urgent social issue that nee... |
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[2011-11-03] Agriculture enlivens primary schools
Agriculture enlivens primary schools
November, 03 2011
A number of primary schools in HCM City have designed a “farm corner” to their campuses
Besides green spaces, schools have been adding livestock areas, with animals such as pigs, chickens, goats, rabbits and birds. These are being nurtured next to school gardens.
Tan Son Nhi Primary School, in Tan Phu District, is a primary example. Herds of different types of cattle fowl are being cared for here.
The chicken area is esp... |
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[2011-11-03] In or out: Europe heaps pressure on Greece
In or out: Europe heaps pressure on Greece
November, 03 2011
European leaders drew a line in the sand for Greece on Wednesday, saying its referendum on a hard-won bailout deal will decide whether it stays in the eurozone — and vowing Athens will not get new aid until the result is in.
The acknowledgment that the vote — which will likely take place on Dec. 4 — could see Greece leaving the currency union is the first official admission that such an exit is possible and f... |
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[2011-11-02] Mining projects destroy northern provinces
Mining projects destroy northern provinces
November, 02 2011
Despite the Prime Minister’s order that all localities nationwide must stop licensing new mining projects since August 30, the destruction and contamination to the environment of the northern provinces of Cao Bang and Bac Kan by extractive industry has continued unabated. The Ma Non village of Ngan Son District in Bac Kan Province used to hum with the sounds of excavators and machinery operated by groups of gold prospect... |
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[2011-11-02] Real estate firms slash prices to remain in business
Real estate firms slash prices to remain in business
November, 02 2011
Many real estate companies have reported incurring losses in the third quarter due to the country’s moribund domestic real estate market.
The PetroVietnam Power Land JS Company recently announced it would lower prices of 85 apartments in its flagship Petro Vietnam Landmark project to VND15.5 million (USD741.62) per square metre from a previous VND21.6 million (USD1,033). The company needs to begin repaying a VND1... |
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[2011-11-02] Gold regulation to create monopoly in bullion trade
Gold regulation to create monopoly in bullion trade
November, 02 2011
The State Bank of Vietnam (SBV) is seeking Government approval for a draft decree to tighten control over gold bar production and trading.
Once the proposed decree is approved, the Saigon Jewellery Limited Company (SJC) will hold a monopoly on gold bar production.
The regulation would leave SJC as the sole gold producer able to meet several strict requirements, including having a minimum market share of 25% for three co... |
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[2011-11-02] Seminar seeks to assist Vietnamese community in Russia
Seminar seeks to assist Vietnamese community in Russia
November, 02 2011
Hundreds of Vietnamese businesses and Vietnam-Russia joint ventures gathered at a seminar that took place in Moscow on Oct. 31 to seek ways to boost Vietnamese exports to Russia .
Vietnamese Ambassador to Russia Pham Xuan Son spoke highly of the initiative to hold the seminar, saying it is a good way to support Vietnamese people in Russia and promote Vietnam ’s trade in the country. He highlighted the tradition... |
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[2011-11-01] Breakfast @ Tuoitrenews – Nov.01
Breakfast @ Tuoitrenews – Nov.01
November, 01 2011
Briefs of some of leading news stories published Tuesday (November 01) on Tuoi Tre Newspaper that will be carried today on Tuoitrenews.vn:
Politics:
-- During an official visit to Japan from Oct.30 to Nov.2, Prime Minister Nguyen Tan Dung and his Japanese counterpart signed cooperation agreements on the construction of the nuclear power plant Ninh Thuan 2 and the exploitation and developments of rare earth industry.
-- Kazakhst... |
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[2011-11-01] Fruit companies get wise with Chinese traders
Fruit companies get wise with Chinese traders
November, 01 2011
While many Vietnamese fruit companies are still following the old risky way of transporting their fruits to China’s border gates to wait for customers, some have done differently. For a long time, local firms have transported their fruits to China through border gates and waited for their Chinese customers. If they can’t find any customer, they simply waste thousands of tons of fruits.However, some, such as Ti... |
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[2011-11-01] Property firm slashes apartment prices to ease loan pressure
Property firm slashes apartment prices to ease loan pressure
November, 01 2011
The PetroVietnam Power Land JS Company has just announced a price discount of 35% on apartments to ease the financial pressure it is under to repay bank loans.
The company, listed on the Hanoi Stock Exchange under the PVL share code, will lower the prices of 85 apartments in its Petro Vietnam Landmark project to VND15.5 million (USD741.62) per square metre from a previous level of VND21.6 million (USD1,033).
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[2011-10-31] German wins first vertical run in Vietnam
German wins first vertical run in Vietnam
October, 31 2011
German man Thomas Dold, the world’s defending champion of vertical run, crowned the title today at the 178m vertical race in Ho Chi Minh City’s Bitexco Financial Tower.
Dold completed 1,002 steps of the race to reach the 49th floor with 4 minutes and 51 seconds to bag the first prize of the men’s professional group, followed by Emanuel Manzi from Italy at 5:27 minutes and Nguyen Ngoc Quang of Vietnam at 5:30.
V... |
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[2011-10-31] Minimum wage far below the cost of living
Minimum wage far below the cost of living
October, 31 2011
The current minimum wage can only cover about 65% of labourers’ basic living standards, according to a new survey.
The Institute for Workers and Trade Unions, a department under the Vietnam General Confederation of Labour, just released a survey on the minimum wage in relation to the living standards of labourers.
The survey indicated that 35.6% of interviewees said that their income cannot cover their expenses; 44.7% said t... |
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[2011-10-31] Bad debts up, banks may lose 33 trillion dong
Bad debts up, banks may lose 33 trillion dong
October, 31 2011
VietNamNet Bridge – Experts have repeatedly given warnings about the bad debt increases, which they believe a big worry to the banking system. The bad debt ratio has increased from 2.53 percent to 3.21 percent if compared with August 2010.
According to the State Bank of Vietnam, by the end of August 2011, the first-group debts had accounted for 90.89 percent of the total outstanding loans, while the second-group debts had am... |
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