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[2011-09-15] Banks use tricks to surpass capped lending interest rates

Banks use tricks to surpass capped lending interest rates September, 15 2011 Despite banks having announced lending interest rates of 17-19% per year, many are still trying to exceed the cap to gain extra profits. Tricks to surpass interest rate caps An anonymous official from an oil and gas production company said the lending rates for enterprises depend on their relationship with the bank. Many banks offer a loan rate of from 17-19% in their financing dossiers but use tricks to drive ...
[2011-09-15] In preparing for FTAs, Vietnam needs to install non-tariff barriers

In preparing for FTAs, Vietnam needs to install non-tariff barriers September, 15 2011 VietNamNet Bridge – Pham Chi Lan, a well known economist in Vietnam, has urged relevant ministries to consider installing non-tariff barriers to control the imports, which she believes a very important thing that needs to be done in preparing for the implementation of free trade agreements (FTAs). From now to 2015, under the commitments Vietnam has made in six bilateral and multilateral FTAs, Vietnam ...
[2011-09-14] Hanoi exhibition honors Vietnam War journalist

Hanoi exhibition honors Vietnam War journalist September, 14 2011 100 photos about the Vietnam War taken by the late Australian journalist Wilfred Burchett will be exhibited in Hanoi from September 14 to 16 to mark his 100th birthday. George Burchett, the journalist’s son, will take part in the event to talk about his father’s books about Vietnam: The Northern Side of the 17th Parallel, Guerrilla Warfare, The Stories from inside the Revolutionary Bases, and The North Vietna...
[2011-09-14] Game over for videogame addict detox course

Game over for videogame addict detox course September, 17 2011 Vietnam’s only centre offering ‘detoxing’ courses for online gamers will finish offering its courses, despite huge parental demand for their children to continue receiving treatment. Good model Five years ago the Southern Youth Centre in Ho Chi Minh City opened a Semester in Army life skills programme for children suffering from behavioural difficulties. The centre later opened the country’s first &ls...
[2011-09-13] Vietnam seeking to top among foreign investors in Laos

Vietnam seeking to top among foreign investors in Laos September, 13 2011 Vietnam is boosting its investment in Laos to regain its top position among foreign investors in the country. Between 2009 and 2010, Vietnam was the biggest foreign investor in Laos, but this year, it has lost ground to both China and Thailand. Vietnamese firms are trying to increase their investments in Laos with a series of projects in the sectors of energy, mineral, industrial crops, banking and finance. At the ...
[2011-09-12] Firms lose no sleep over rough ride

Firms lose no sleep over rough ride September, 12 2011 Economic instability is eating away at business confidence in Vietnam, but some transnational firms are keeping the faith. NSG Group, the world’s leading manufacturer of glass and glazing systems, for instance, last week kicked-off the construction of its two new lines in southern Ba Ria-Vung Tau province, where the firm is already operating a glass manufacturing factory dedicated to solar energy products. Total investment in ...
[2011-09-10] “Whistle-blower” to sue Toyota Motor Vietnam

“Whistle-blower” to sue Toyota Motor Vietnam September, 10 2011 After the failure of a recent reconciliation meeting between Vietnamese engineer Le Van Tach, who exposed technical faults in manufacturing leading to the recall of Toyota cars in Vietnam earlier this year, and Toyota Motor Vietnam, Tach said would sue the company for unfair labor treatment towards him and violating his correspondence privacy. On September 8, the labor reconciliation council of Toyota Motor Vi...
[2011-09-09] President welcomes US businesspeople

President welcomes US businesspeople September, 09 2011 State President Truong Tan Sang received a delegation from the US-ASEAN Business Council (USABC) led by its President Alexander Feldman, in Hanoi Thursday. At a reception for the largest-ever US business delegation to Vietnam, including representatives from nearly 40 large groups and corporations, President Sang stressed that Vietnam attaches importance to relations with the US and wishes the bilateral ties will further develop i...
[2011-09-09] Expert calls for seeds of future criminality to be addressed

Expert calls for seeds of future criminality to be addressed September, 09 2011 The seeds of criminal behaviour needed to be addressed early in order to avoid more serious criminality later, a former National Assembly member has stressed. Former Deputy Head of the National Assembly's Committee for Culture, Education, Youth and Children Professor Nguyen Minh Thuyet made the comments in an interview with DTiNews following the horrific murder of three people in a gold shop robbery by 17-ye...
[2011-09-08] Hanoi approves land for urgent projects

Hanoi approves land for urgent projects September, 08 2011 The Hanoi’s People Committee has earmarked 1,476 ha of land for 332 urgent projects in the 2011-2020 period The projects include housing, education, public works, health and recreational facilities. The projects include the Nhon-Hanoi Station elevated railway section; numerous overpasses; 15 roads in Ha Dong District, seven roads in Tay Ho District and Tu Hiep Bridge in Thanh Tri District. Prime Minister Nguyen Tan Dung rece...
[2011-09-08] Top leaders receive Chinese State Councillor

Top leaders receive Chinese State Councillor September, 08 2011 The top Party and Government leaders of Vietnam separately received Chinese State Councillor Dai Bingguo in Hanoi on Sept. 7, affirming strong intentions to boost friendship and cooperation between the two countries. Chinese State Councillor Dai Bingguo is on a working visit to Vietnam to attend the fifth session of the Steering Committee for Vietnam-China Bilateral Cooperation, which was held in Hanoi on Sept. 6. At his re...
[2011-09-06] Japan firm to build $25 mln feed plant in Long An

Japan firm to build $25 mln feed plant in Long An September, 06 2011 Japan’s Kyodo Sojitz Feed Co Ltd has got the license from Long An Province to set up a US$25-million animal feed manufacturing plant in Ben Luc District. Phan Thanh Phi, head of the provincial economic zone management, said the project was likely to go on stream in April 2013, producing 200,000 tons annually. So far this year 30 foreign investors, mostly Japanese, have leased plants and production facilities i...
[2011-09-06] Gold market regulation debate begins

Gold market regulation debate begins September, 06 2011 Gold fever may strike many countries, but maybe only the market gold in Vietnam experiences such dramatic changes as seen in the recent past. Who speculates, who manipulates? By the end of July, prior to the latest dose of gold fever, the gold market had been gloomy, with a director of a prestigious gold firm in Hanoi complaining that speculation and manipulation had affected profits. He explained that major companies and business ...
[2011-09-05] Cooperation: A main trend in Vietnam-China ties

Cooperation: A main trend in Vietnam-China ties September, 05 2011 Friendship and cooperation remain a main trend in the Vietnam-China relationship, which has developed fruitfully in the recent years, said Vietnamese Ambassador to China Nguyen Van Tho. Tho made the comment in an interview granted to the Xinhua News Agency and the China Central Television (CCTV) on the occasion of Vietnam’s 66 th National Day (Sept. 2) and on the threshold of the 5 th meeting of the Steering Committ...
[2011-09-05] Cautious rate rise on cards

Cautious rate rise on cards September, 05 2011 Lending interest rates might fall to 17-19 per cent in September as the central bank wished, but the government late last week confirmed it would remain vigilant to screw down monetary policy. The announcement dispels doubts that the government will ease monetary policy which could blow up already high inflation rates. “The government determines to cap the credit growth this year at 20 per cent and money supply growth at 16 per cent in ...
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