Last updated: Thursday, January 26, 2012
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...
Last updated: Wednesday, January 25, 2012
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...
Last updated: Friday, January 20, 2012
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...
Last updated: Tuesday, January 3, 2012
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...
Last updated: Friday, December 30, 2011
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...
Last updated: Sunday, December 18, 2011
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...
Last updated: Monday, December 12, 2011
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:...
Last updated: Friday, November 4, 2011
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...
Last updated: Sunday, October 30, 2011
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...
Last updated: Friday, October 28, 2011
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...
