Browsing All posts tagged under »Nguyen Duc Kien«

Fitch: Vietnamese banks’ ratings reflect heightened risks

October 24, 2012


KUALA LUMPUR (Oct 24): Major Vietnamese banks’ ratings largely reflect difficult domestic operating conditions and other structural issues typically found in low-income emerging markets, according to Fitch Ratings. In a statement Wednesday, Fitch said that the outlook was stable, reflecting that the banks’ ratings in the single ‘B’ category were already among the lowest in […]

Vietnamese PM admits mismanaging economy, pledges to reform state-owned enterprises

October 22, 2012


HANOI, Vietnam –  Vietnam’s embattled prime minister acknowledged Monday that he had mismanaged the country’s slumping economy, and he pledged to push forward with difficult reforms of bloated state-owned enterprises. Prime Minister Nguyen Tan Dung made the remarks at the opening of the national assembly, three-quarters of the way through what is turning out to […]

Vietnam’s leadership: “We forgive us”

October 18, 2012


AT THE weekend a court in Ho Chi Minh City fined a mischievous drunk for causing public disorder while under the influence of alcohol. Pham Van Binh, a 43-year-old cycle-rickshaw puller, had climbed the bronze statue of General Tran Nguyen Han, a 15th-century warrior who fought Chinese occupation (pictured to the right). He had waved […]

Vietnam PM Keeps Post as Economic Struggles Continue

October 18, 2012


HANOI, VIETNAM — Vietnam’s prime minister appears to have survived a leadership challenge this week over his handling of the poorly-performing economy. Communist Party officials ended any speculation that Prime Minister Nguyen Tan Dung might lose his job when they concluded a top-level party meeting on Monday. The 175-member party central committee met for two weeks […]

VIETNAM: Price to pay

October 16, 2012


Following a stint as one of Asia’s hottest emerging markets, Vietnam was forced to take a reality check when its bubble burst. Four years on, the convulsions are no less severe Although she already has a decent job as an accountant at a logistics company in Hanoi, Trinh Thi Huyen is looking for extra work. […]

Bad reviews for Vietnam’s one-man show

October 15, 2012


Today marks the end of a much anticipated meeting in Vietnam, once the roaring tiger of the Asean group, and a growth rival of Thailand less than two years ago. The sixth meeting of the 11th Communist Party of Vietnam Central Committee (CPVCC) opened on Oct 1 and has been widely watched by the world […]

Bad debts from gold loans warned

October 8, 2012


The ratio of bad debt on the total outstanding loans in gold has been increasing rapidly, experts have warned. The State Bank of Vietnam (SBV) initially intended to submit to the government the plan on mobilizing gold from the public in the second quarter of 2012. However, to date, the draft plan has not yet […]


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