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[2011-05-28] The Gold Deposit Ban Woes
The Gold Deposit Ban Woes
May, 28 2011Commercal banks’ gold lending will no longer be allowed as of the first of May. Banks are therefore forced to hammer out a way out for their gold deposit assets.
The central bank’s Circular 11 dated April 20, 2011, rules that credit institutions shall not give loans in gold to customers and counterparts, including gold in credit contracts which have been signed but yet to be executed. According to the new rule, a credit institution sh... |
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[2011-05-27] Vietnam attends 16th NAM Ministerial Meeting
Vietnam attends 16th NAM Ministerial Meeting
May, 27 2011
A Vietnamese delegation led by Deputy Foreign Minister Pham Binh Minh participated in the 16th Ministerial Meeting of the Non-aligned Movement (NAM) and a ceremony to mark the 50th founding anniversary of NAM, in Bali, Indonesia from May 24-27.
Vietnam was elected as one of the Vice Chairs of the meeting, which drew the participation of over 130 delegations from NAM member countries, observers and international organiza... |
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[2011-05-27] UN recognises Vietnam’s productive expansion
UN recognises Vietnam’s productive expansion
May, 27 2011
The UN Economic and Social Commission for Asia and the Pacific (ESCAP) has recognised Vietnam’s successful expansion of productive capacity as going beyond global average levels.
illustration photo
ESCAP said at an annual meeting in Bangkok, Thailand, from May 19-25, that Vietnam was one of the four regional countries most successful in diversifying export-oriented products and expanding market share ... |
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[2011-05-27] Final suspect convicted in JFK airport plot in New York
Final suspect convicted in JFK airport plot in New York
May, 27 2011
A former leader of the Shia Muslim community in Trinidad has been convicted of taking part in a failed plot to blow up fuel tanks and pipelines at JFK airport in New York.
Kareem Ibrahim was convicted of five conspiracy counts in the plot, which officials say was meant to outdo 9/11.
Russell Defreitas and Abdul Kadir are serving life sentences after also being convicted for their roles.
Ibrahim, 65, also faces life in p... |
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[2011-05-27] Japan's consumer price inflation rises 0.6% in April
Japan's consumer price inflation rises 0.6% in April
May, 27 2011
Japan's consumer prices have risen by 0.6% in April, from a year earlier, according to the statistics bureau.
It is the first sign of inflation in Japan in more than two years, as the country imports large amounts of fuel after twin natural disasters.
The rise in the core consumer price index, which excludes food prices, was largely in line with expectations.
Including food, consumer prices rose by 0.3% in April, compared w... |
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[2011-05-26] Vietnam willing to assist Japan after disasters
Vietnam willing to assist Japan after disasters
May, 26 2011
The Government and people of Vietnam alw ays support, share and are willing to do all things possible to assist the Japanese people to overcome aftermaths of the recent quake and tsunami.
Deputy Prime Minister Hoang Trung Hai made this statement during his meetings with Japan’s ministers of foreign affairs, economy, trade industry, finance and land, infrastructure and tourism, and key officials of the Japanese Federat... |
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[2011-05-25] Development of internet, social networks challenges broadcasters
Development of internet, social networks challenges broadcasters
May, 25 2011
HA NOI — Digital technology in the form of emails, blogs and social network sites such as Facebook and Twitter means traditional broadcasters in Asia are facing new challenges, a conference in Ha Noi heard yesterday.
Broadcasters attending the two-day 8th Asia Media Summit, themed "Digital media everywhere: repositioning broadcasting", discussed hot issues facing the broadcasting sector such as technolo... |
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[2011-05-25] Port suspended in Vietnam’s fatal boat accident
Port suspended in Vietnam’s fatal boat accident
May, 25 2011
Authorities in the southern province of Binh Duong have suspended an unlicensed port where a boat accident killed 16 people on Friday, according to a local official.
Din Ky Cau Ngang Tourism Area in Binh Nham Commune, which manages the port, has also had its restaurant services along the Saigon River put on hold as well, said Tran Van Nam, vice chairman of Binh Duong Province’s People&r... |
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[2011-05-25] Unhygienic practices taint rice noodle production
Unhygienic practices taint rice noodle production
May, 25 2011
Increasing numbers of consumers are becoming aware of the unhygienic practices being used to produce white rice noodles.
Dinh Xa Village in the northern province of Ha Nam is well-known as a major rice noodle production area, selling products throughout the country.
A bad odour hangs over noodle producer Do Van D.’s house. Tools used to make the pristine white noodles have turned yellow-brown through old layers of flour... |
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[2011-05-25] Seeking stability
Seeking stability
May, 25 2011
Profits were hard to come by in 2010 for Vietnamese banks and 2011 may well be a similar story.
Bankers dislike inflation, as the high-rising consumer price index (CPI) affected business performance in 2010. Recent reports from Vietnam’s commercial banks show that not all earned large profits in 2010, while many are yet to release their full balance sheets.
In particular, the Vietnam Export Import Bank (Eximbank) said in December that gross pr... |
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[2011-05-24] President Obama to get royal welcome on UK state visit
President Obama to get royal welcome on UK state visit
May, 24 2011
The US-UK partnership is "an essential relationship for us and for the world", the countries' leaders have said ahead of the US president's visit to Britain.
Barack Obama is to meet the Queen at Buckingham Palace later at the start of his packed, three-day state visit.
He will meet Prime Minister David Cameron for talks on Wednesday likely to focus on Libya and the Middle East.
Mr Obama arrived in the UK a day ahead of s... |
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[2011-05-23] Mountain, island residents cast early votes for new MPs
Mountain, island residents cast early votes for new MPs
May, 23 2011
HA NOI — Early elections took place in various localities across Viet Nam yesterday, two days ahead of the official polling day for the National Assembly and local People's Councils.
The early procedures were mostly carried out in mountainous, border and isolated communes, where commuting is difficult.
According to a Vietnam News Agency correspondent in the central province of Nghe An, more than 49,000 voters fr... |
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[2011-05-23] Obama due in Ireland at start of European tour
Obama due in Ireland at start of European tour
May, 23 2011
US President Barack Obama is due in the Republic of Ireland at the start of a week-long tour of Europe.
The president will also visit the UK, France and Poland. In France he will attend a meeting of the Group of Eight (G8) major world powers.
The BBC's North America Editor says Afghanistan will be high on the agenda, as will the upheaval in the Arab world.
Security will be tight following the US raid that killed Osama Bin Laden i... |
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[2011-05-23] Sugar production climbs by 21.3%
Sugar production climbs by 21.3%
May, 23 2011
HA NOI — Viet Nam produced 1.13 million tonnes of sugar in the 2010-11 sugarcane season, up 21.3 per cent against the last season, according to the Viet Nam Sugarcane and Sugar Association.
Association chairman Nguyen Thanh Long said at a meeting held in Ha Noi last Friday that sugar plants nationwide had processed 12 million tonnes of sugarcane this season.
He said the quantity of sugarcane and sugar had increase in all the three reg... |
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[2011-05-23]
Manga takes centre stage in the capital
May 23 2011
Captivated: Visitors (top) discover an oceanic scene from Children of the Sea while Sugar Sugar Rune is displayed in 3D. — Photo Truong Vi and courtesy of Japan Foundation.
HA NOI — Cartoon readers are enjoying the new world of manga at an exhibition being held at the Viet Nam National Museum of Fine Arts, in Ha Noi.
Titled Manga Realities: Exploring the Art ... |
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