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Monthly Archives: March 2013

Banks move ahead with M&A plans

VietNamNet Bridge – Merger and acquisition (MA) plans are a topic of discussion at many banks’ shareholder’s meetings. The extraordinary shareholders’ meeting of Trust Bank held in January 2013 approved the restructuring plan, under which new shareholders would buy 84 percent of the bank’s stakes. Of the new shareholders, Thien Thanh Group alone would hold ... Read More »

Vietnam warned about Dutch disease, urged to stop raw minerals

VietNamNet Bridge – The government of Vietnam has been prohibiting exporting raw natural minerals over the last few years. However, the ban has not had high enforcement.   The term “Dutch disease” says about apparent relationship between the increase in exploitation of natural resources and a decline in the manufacturing sector. The countries living on natural resources exports have been ... Read More »

Big ADSL service providers have advantages in IPTV race

VietNamNet Bridge – In the competition among IPTV service providers, the big guy VNPT (Vietnam Post and Telecommunication Group) has bigger advantages than others thanks to its existing strong infrastructure for fixed telephone line and ADSL.   VNPT runs fast on IPTV race A report shows that Vietnam now has 1 million IPTV subscribers who are using the services of ... Read More »

Oscar Pistorius faces athletics snub after bail conditions relaxed

The sporting world seemed poised to give the cold shoulder to Oscar Pistorius after a court in South Africa allowed the Olympic and Paralympic star to return to international competition.     Organisers of major athletics meetings now face a dilemma over whether to invite the 26-year-old to race. Many privately admit that they are reluctant to welcome Pistorius, who ... Read More »

BUSINESS IN BRIEF 31/3

Cement association worries about foreign competition Many Vietnamese cement companies are on the verge of bankruptcy, which would lead to them being bought out by foreign partners, according to the Construction Material Association. The massive investment in the domestic cement market has lead to the redundancy According to the association, due to the economic difficulties,  domestic demand for cement during ... Read More »

Vietnam, French courts step up cooperation

The Vietnam Supreme People’s Court and the Court of Cassation of France have established a twining relationship in order to create a legal foundation and favourable conditions for cooperation between the two countries’ legal and judicial sectors. An agreement to this effect was signed by Chief Judge of the Vietnam Supreme People’s Court Truong Hoa Binh and his French counterpart ... Read More »

Comments on Constitutional amendments continue to be heard

Many localities nationwide have carried out the collection of opinions about the draft amendments to the 1992 Constitution from grassroots and family levels to make sure everyone can contribute their opinions on this important document. In the northern Thai Binh province, the provincial People’s Council and People’s Committee have asked organisations, agencies and localities to work closely on the task ... Read More »

Vietnam vows to boost ACD cooperation

Vietnam commits to closely cooperating with other Asia Cooperation Dialogue (ACD) member countries towards peace and prosperity in the region. The commitment was made by Ambassador Nguyen Quoc Dung, head of the Vietnamese Foreign Ministry’s Economic Affairs Department, at the 11 th ACD Ministerial Meeting in Dushanbe , Tajikistan from March 28-29. Dung took the occasion to share Vietnam’s viewpoints ... Read More »

Vietnam, Malaysia celebrate 40-year diplomatic ties

The Vietnamese Embassy in Malaysia and the Malaysian Foreign Ministry jointly held a ceremony in Kuala Lumpur on March 29 to celebrate the 40 th anniversary of the two countries’ diplomatic ties. Addressing the event, Malaysian Deputy Foreign Minister A. Kohilan Pillay expressed his pleasure at the continuously developing relations between Vietnam and Malaysia since they se up diplomatic ties ... Read More »

Vietnam, Cuba boost procuracy cooperation

During the visit, Binh held talks with head of Cuba ’s Procuracy Dario Delgado Cura during which, the two sides highlighted similarities in their operational models with the aim of fighting all kinds of crimes and bringing peace and social stability to the people. Dario Delgado Cura said the VSPP’s experience is very precious to Cuba in the context that ... Read More »