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[2011-10-24] Eurozone split over Chinese help in debt crisis
Eurozone split over Chinese help in debt crisis
October, 24 2011
Eurozone leaders are toying with the idea of asking China and other emerging powers to help them out of the debt crisis by taking part in a bailout fund, but some are reluctant to call in Beijing.
The possibility of asking for China, Brazil and others to come to their rescue emerged at a summit on Sunday as European leaders scrambled to find ways to boost their defences against the crisis. The eurozone wants to beef up its 4... |
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[2011-10-24] Libya declared free, but Gadhafi death questioned
Libya declared free, but Gadhafi death questioned
October, 24 2011
Libya's interim rulers declared the country liberated on Sunday after an 8-month civil war, launching the oil-rich nation on what is meant to be a two-year transition to democracy. But they laid out plans with an Islamist tone that could rattle their Western backers.
The joyful ceremony formally marking the end of Moammar Gadhafi's 42-year tyranny was also clouded by mounting pressure from the leaders of the NATO campaign... |
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[2011-10-24] 138 dead in Turkey quake: prime minister
138 dead in Turkey quake: prime minister
October, 24 2011
An earthquake of 7.2 magnitude on Sunday killed 138 people and injured 350 in eastern Turkey, the Turkish prime minister said.
Ninety-three people died in Van province and 45 in the Ercis district, Prime Minister Recep Tayyip Erdogan told reporters, during an immediate visit to the quake region to see for himself the devastation. He was being accompanied by six ministers. An earlier toll had given 70 dead including 50 in Ercis, a dis... |
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[2011-10-22] Official denies power price rises to subsidise EVN losses
Official denies power price rises to subsidise EVN losses
October, 22 2011
The Government would not approve any increase in power price in order to offset Electricity of Vietnam Group (EVN)’s losses from its non-core investment, said Deputy Prime Minsiter Vu Van Ninh.
Ninh, in an interview with a DTiNews reporter on the sidelines of the National Assembly’s year-end session, confirmed he had turned down the approach after EVN proposed a power price hike of 10%-13% from Novembe... |
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[2011-10-22] Electricity price won’t increase until December at least
Electricity price won’t increase until December at least
October, 22 2011
VietNamNet Bridge – The information that the Electricity of Vietnam has proposed the Ministry of Industry and Trade (MOIT) to allow raising the electricity price from November 2011 has stirred up the public. However, the public has been reassured that the price increase won’t be decided in the last months of the year.
The Electricity of Vietnam is seeking the permission for the 10-13 percent electricit... |
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[2011-10-21] Slow debt recovery drives firms to the wall
Slow debt recovery drives firms to the wall
October, 21 2011
Companies are finding it hard collect debts, putting them at risk of defaulting with their own partners.
“Almost all the enterprises I know are having trouble with working capital. The largest headache is the sluggish collection of debts, especially bad debts. Many of my friends have been compelled to evade their partners despite owing debts worth tens of billion of dong as they haven’t been able to recover equivalen... |
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[2011-10-21] Vietnamese parents trying to produce child prodigies
Vietnamese parents trying to produce child prodigies
October, 21 2011
Vietnamese parents nowadays all want their children to become geniuses. Therefore, they force the children to practice reading, writing and doing arithmetic soon. Many of the children, who learn to become geniuses, have mental problems because they have to learn too hard.
Writing, handling figures at the age of three
One year ago, Nguyen Thi T, 36, in Da Nang City, decided that her four year old daughter needed to leav... |
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[2011-10-21] Ha Noi CPI lowest since May, 2010
Ha Noi CPI lowest since May, 2010
October, 21 2011
Ha Noi's consumer price index (CPI) increased by 0.13 per cent in October against last month, a 20.43 per cent increase over the same period last year, the Ha Noi Statistics Office announced yesterday. The city's CPI in October, the lowest single monthly increase since May of last year, was attributable to adequate supplies of meat, oil price adjustments and drastic measures taken by local authorities to curb inflation, the office said. T... |
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[2011-10-20] Vietnam offers ideal outsourcing destination for multinationals
Vietnam offers ideal outsourcing destination for multinationals
October, 20 2011
Multinational companies are tending to move their outsourced facilities from China to other countries, offering lucrative opportunities for Vietnam.
At a recent conference on purchase, manufacturing and retail and distribution in the Vietnamese market held by the Vietnam Supply Chain, economists said that Vietnam has a major opportunity to become a key outsourcing centre for multinational companies.
Jonas F... |
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[2011-10-20] Denmark pledges $135 million in aid for Vietnam
Denmark pledges $135 million in aid for Vietnam
October, 20 2011
Denmark will provide official development assistance (ODA) worth $135 million for Vietnam in 2011-2012.
The Danish Embassy announced at a press briefing in Hanoi on October 19 that Denmark will focus this aid on green growth in Vietnam. It will help Vietnam improve the quality of safe water supply so that more poor people can access this essential resource. It will continue supporting the country’s national target prog... |
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[2011-10-20] Securities firms need better oversight
Securities firms need better oversight
October, 20 2011
The economic crimes police recently arrested a woman and a man for allegedly defrauding securities and insurance companies and stock traders out of more than VND5 trillion (US$240 million), setting off alarm bells at oversight agencies. Last week they arrested Vo Anh Tuan, former deputy head of Vietinbank's Nha Be Branch in HCM City, and had earlier taken in Huynh Thi Huyen Nhu, a former colleague and former executive at ORS, the se... |
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[2011-10-19] Smile on their face, steel in their spine
Smile on their face, steel in their spine
October, 19 2011
Not all Vietnamese brides marry South Korean men solely for the purpose of getting money.
It’s possible to find happy couples of Korean husbands and Vietnamese wives who have joined their hands -- and hearts – to build their life together from scratch with bare hands.
In one case, a Vietnamese woman wins the trust and support of her in-laws and has but one final test to pass before she becomes the first Vietnamese pol... |
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[2011-10-19] Vietnam banks’ bad debt up at 3.21 pct of loans in Aug
Vietnam banks’ bad debt up at 3.21 pct of loans in Aug
Octber, 19 2011
Bad debts at Vietnam’s banks have risen to 3.21 percent of outstanding loans at the end of August, from 3.04 percent a month earlier, a central bank report on Tuesday said.
“Bad debt has been rising gradually every month so far this year,” the report said.
Loans at the banks totaled VND2,389 trillion ($114.1 billion) at the end of August, the report said.
Bad debt in the banking sector has inc... |
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[2011-10-19] New poverty line standards
New poverty line standards
October, 19 2011
Localities across Vietnam have been conducting a survey to gather statistics on households living below or near the Government's poverty line.
Under the instruction by the Ministry of Labour, Invalids and Social Affairs (Molisa), localities will conduct a census on households living near or below the poverty line, which will last until this year end.
It will serve as a foundation for the Government's social security policies in 2012.
According... |
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[2011-10-18] Palestinian inmates begin leaving Israeli jails: witness
Palestinian inmates begin leaving Israeli jails: witness
October, 18 2011
Vehicles carrying Palestinian prisoners began departing from jails in Israel on Tuesday, a Reuters witness said, setting in motion a phased prisoner exchange that is meant to secure the release of abducted Israeli soldier Gilad Shalit.
In the deal reached between Israel and the Gaza Strip's Islamist rulers Hamas, Shalit will be freed after five years of captivity in exchange for hundreds of Palestinian prisoners. I... |
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