Archive for July 10th, 2012
Pact between banks and enterprises to decrease bad debt rates mooted
Experts have suggested that it is necessary to have an agreement between banks and enterprises to decrease bad debt rates and unfreeze credit. Leaders of banks said that from [...]
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NPLs likely to be converted into stake in borrowers’ firms
Commercial banks and enterprises could negotiate to turn bad debts into stake in borrowers’ firms on the basis of either market value or book value. As such, at [...]
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SBV targets credit growth of 8-10pct in last six months
State Bank of Vietnam (SBV) is targeting to achieve a credit growth of 8 to 10 percent in the remaining six months of this year. Besides this, SBV also plans to regulate [...]
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Credit at interest rates of 12-13pct/yr for enterprises in HCM City
Branches of five commercial banks and 11 enterprises in HCM City on July 9 signed a credit agreement whereby the lending interest rate will be at 12-13 percent per year. [...]
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Electricity prices to be adjusted once every 3 months: MoIT
Basing on the practical conditions, the Ministry of Industry and Trade (MoIT) and the Ministry of Finance (MoF) will propose the government to adjust electricity prices once [...]
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The Knight Frank Hanoi Q2 2012 Property Market Report prepared by the Valuation, Research and Advisory Services department of Knight Frank Vietnam.
This Q2 2012 quarter can be summarised with these highlights below: * Despite the continuing positive recent signs in the economy with inflation appearing well under control, [...]
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Banks hesitate to report H1 profit
Some commercial banks have started to publish profit in the first six months of this year but most are hesitant in reporting profit for different reasons. Ten days after the [...]
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Asia stocks suffer hit from China trade data
Most Asian stocks sank Tuesday after Chinese trade data pointed to more signs of stress in the global economy, though news of Europe’s fresh lifeline to Spain offers [...]
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BTI Systems Enables Cambodian Telecommunications Provider to Deliver Competitive 4G/WiMAX Mobile Backhaul and Ethernet Business Line Services
BTI Systems, the global leader redefining service delivery for metro network operators, today announced that emerging Cambodian telecommunications provider, EMAXX Telecom, [...]
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TDK Develops Ultra-Thin Receiving Coil Unit for Wireless Power Transfer
TDK Corporation is proud to announce the development of a TDK wireless power transfer coil unit designed for Smartphones and other mobile devices. The receiving coil designed [...]
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Hays Enters Malaysia
Hays, the leading global professional recruiting group, today announces the launch of Hays Malaysia, extending its global reach to 33 countries. Hays is bringing its [...]
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Japan economic data points to weakness
Japan posted a set of weak economic figures on Monday, underscoring fears about a recovery for the world’s third-largest economy amid turmoil in Europe, a key export [...]
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China overtakes Japan in Fortune 500 ranks
China overtook Japan on the Fortune Global 500 for the first time on the list of the world’s biggest companies by revenue, the US business magazine said Monday. While [...]
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Philippine military denies US drone strike
The military on Monday denied that the United States staged a drone strike in the Philippines to kill Indonesian terrorist Umar Patek in 2006. Armed Forces of the Philippines [...]
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Japan’s Noda hints at more stimulus spending
Japanese prime minister Yoshihiko Noda said Monday the government may carry out additional economic stimulus measures this fiscal year to underpin the nation’s recovery [...]
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