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  The Ba Chua Kho Temple in the northern province of Bac Ninh becomes busy with visitors returning to pay back their debt to Ba Chua Kho. Truong Quoc Thang and his wife lead busy lives but they are very mindful of their need to repay debts on time, especially...

Tags: Ba Chua, Ba Chua Kho, Chua Kho, Her Support, Of The Year, The Year, Their Business, This Year

  Consumer demand for holiday goods and transportation will grow 10 percent from last year, according to a government forecast that urged authorities to monitor and stabilize prices. Asia’s fastest inflation is the last thing on Tran Hang’s mind as she jostles fellow shoppers...

Tags: Chi Minh City, Chi Minh City Based, Ho Chi Minh, Ho Chi Minh City, Last Year, Minh City Based, The Country, This Year

Many banks in Vietnam fear that bad debts could rise this year. Many banks in Vietnam say dealing with bad debts rather than credit growth is going to be a priority task for 2012. According to the Dau Tu (Investment) newspaper, even large banks in the country fear that bad debts could rise this year. State-owned Bank for...

Tags: Credit Growth, This Year

A street vendor walks past a Chanel SA store inside the Rex Hotel in downtown Ho Chi Minh City, Vietnam, on Tuesday, Dec. 27, 2011. Vietnam’s growth held near 6 percent this quarter, reducing the pressure for further monetary tightening after higher interest rates limited the boost to the economy from exports and domestic...

Tags: Chi Minh City, Fourth Quarter, Ho Chi Minh, Ho Chi Minh City, Statistics Office, Statistics Office Said, The Fourth Quarter, This Month, This Year

Garment workers are among those receiving low Tet, New Year bonuses this year   Vietnam’s highest Tet and calendar New Year bonus for an individual this year as of December 27 was paid by a foreign-invested firm in Ho Chi Minh City at more than US$52,300. The company, which is not named, paid the country’s...

Tags: Foreign Invested, Foreign Invested Firm, New Year, New Year Bonus, State Owned Firms, The Bonus, This Year, Year Bonus

  A Salvation Army band performs for shoppers in London on the final Saturday before Christmas on what is traditionally one of the busiest retail days. Europeans are tightening their belts and spending less on Christmas gifts this year as they struggle with incomes hit by austerity...

Tags: Holiday Spending, This Year

  Many cement firms are deeply in the red after demand has plummeted due to the housing market slump while supply has soared because of the indiscriminate construction of several plants. Le Van Toi, head of the Ministry of Construction’s Construction Material Department, said:...

Tags: Million Tons, This Year

  Vietnam’s public debt will probably be higher than estimated, as the Ministry of Finance has missed including in its calculations several kinds of debt related to the government, lawmakers said at the National Assembly’s meeting on Friday. According to the National Assembly’s Finance...

Tags: Foreign Exchange Reserves, National Assembly, Public Debt, Public Debt Will, Public Investment, The Government, The Ministry, The National Assembly, This Year

Foreign visitors examine Vietnamese wood products at an exhibition in Ho Chi Minh City. The demand for garments and woodwork is expected to fall as the global recession continues. Exports are growing and their prices are rising, but a faster rise in input costs is canceling export profits. Exporters worry that the development...

Tags: Input Costs, Of The Vietnam, Of This Year, This Year

  Vietnam’s government announced  key structural reforms for the economy next year on Thursday , focusing on improving state-owned enterprise and the banking sector. Prime Minister Nguyen Tan Dung said the government will speed up share sales at state companies and review their operations. State-owned...

Tags: Dung Said The, Said The Government, The Committee, The Committee Said, The Government, This Year