Business

Bad debt ratio at 4-5% by year-end: expert
15/03/2013 12:36
He forecast economic growth would be around 5.5% and inflation 7-8% this year. In addition, the exchange rate may rise 2-3% and short-term deposit rate may go down 1%, the expert said. He was speaking at a workshop called “Sharing investment opportunities in times of crisis” held...
The three ways of life for small banks
15/03/2013 12:30
There are three ways for banks to increase capital. First of all, they can issue shares to existing shareholders,� However, this proves to be not a feasible method for small banks, because their owners, who also hold stakes in other banks and invest in some other projects, have become nearly...
Economic outlook gloomy
15/03/2013 11:12
In its eighth macroeconomic newsletter, the committee said: “Vietnam’s economy will need some time to enter into a new orbit that is more balanced and sustainable.” After a long period of high growth, domestic demand has been shrinking. From 10% of GDP in 2010, local...
Small banks have to become big to exist
14/03/2013 02:22
Under the bank restructuring plan, the number of commercial banks in Vietnam would decrease from 50 currently to 13-15 by 2015. This means that 2/3 of the existing banks would have to quit the market. To date, the State Bank of Vietnam has named the nine commercial banks which have to go...
Two Vietnamese honored as young global leaders
14/03/2013 02:19
� Mr. Gian Tu Trung, Director of the Institute for Research of Educational Development � Young Global Leader Award (YGL) is the annual title voted and awarded by the World Economic Forum (WEF) to individuals of less than 40 years old who have significantly contributed to the social and...
Hanoi drops 15 spots on competitiveness rankings
14/03/2013 11:18
� The PCI 2012 has unexpected disturbances. From last year's 4th place, Dong Thap suddenly climbs to the top this year. Last year’s newly- emerging champion Lao Cai falls to the third position this year. Hanoi, from the 36th position in 2011, drops to the 52nd. This is the lowest...
Another insurer enters Vietnamese market
13/03/2013 04:32
This is the 15 th �insurance service provider operating in Vietnam. The life insurer has a charter capital of VND1,000 billion, of which 51 percent is owned by PVI. In Vietnam, PVI specialises in life insurance, non-life insurance, reinsurance, and other financial services. It is making up...