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Banks fail to meet credit targets

Published on October 23, 2012 by in BANKING

HA NOI (VNS)— The goal set for credit growth this year was proving hard to reach and banks should shift focus to credit quality, said Pham Hong Hai, managing director, head of Global Banking and Markets HSBC Bank Viet Nam. Accelerating credit quality was critical for banks to develop, Hai said. He told Thoi Bao

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Foreign investors keep wait-and-see attitude

Published on October 23, 2012 by in VIETNAM

HCMC – A well-known foreign fund manager asserted on Thursday that foreign investors were not investing in Vietnam’s equity market now and would maintain a wait-and-see attitude until the macro economy stabilized next year as expected. Don Lam, chief executive officer of VinaCapital, said at the foreign fund manager’s annual meeting in HCMC on Thursday

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Vietnam CFO Forum 2012 themed “Financial Restructuring to Overcome the Crisis”

Published on September 25, 2012 by in VIETNAM

Hochiminh city, Vietnam – On October 17, 2012, Vietnam Chief Financial Officers (VCFO) in cooperation with Japan Association for CFOs (JACFO), and ACCA will host the Vietnam CFO Forum 2012 themed “Financial Restructuring to Overcome the Crisis” at New World Hotel. The event will rally more than 200 representatives of the International Association of Financial Executive Institute

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ANZ Bank (Vietnam) Ltd.

Published on September 19, 2012 by in BANKING

Website: www.anz.com/vietnam Address: Ground Floor, 10th Floor, 11th Floor, Kumho Asiana Plaza 39 Le Duan Boulevard Ho Chi Minh City Vietnam Phone: +84 8 3827 2926 Fax: +84 8 3822 3449 Activities: Today, ANZ has ten branches in Vietnam and offers a full range of international banking services across institutional and corporate banking, financial markets,

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Deutsche Bank AG, Vietnam

Published on September 19, 2012 by in BANKING

Industry: Banking, Finance, and Insurance (NAICS 522, 523, 524, 525) Website: www.db.com/vietnam Address: 13th & 14th Floor, Saigon Centre 65 Le Loi Boulevard, District 1 Ho Chi Minh City Vietnam Phone: +84 8 6299 9000 Fax: +84 8 3825 8137 Activities: Deutsche Bank, founded in 1870, is a leading global investment bank with a strong

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MA Financial and Managerial Accounting

Published on September 18, 2012 by in EDUCATION

In a technical sense, accounting provides a conceptual framework for preparing financial statements and accounts. The issues which arise in accounting are related to the difficulty of establishing a true and fair value of an enterprise and its assets, the moral basis of disclosure and discretion and the standards and laws required to satisfy the

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Health-care Decisions on Hold

Published on September 17, 2012 by in WORLD

Finance executives waited anxiously this past summer for the Supreme Court’s ruling on the Affordable Care Act (ACA). But months after the law was ruled constitutional, uncertainty still reigns. Companies are still trying to figure what the costs of complying with the ACA will be. Some are studying whether it makes sense to discontinue health benefits

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UK trade deficit narrows in July as oil exports rise

Published on September 11, 2012 by in WORLD

The UK’s trade deficit narrowed in July, led by an increase in oil exports to the European Union. The deficit in July totalled £1.5bn, compared with £4.3bn in June, the official figures showed. Exports of goods rose 9% to £25.8bn, while imports shed 2.1% to £32.9bn. For services, exports fell 0.9% to £15.6bn, while imports

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EVN to increase power prices to offset losses

Published on July 26, 2012 by in CORPORATE

HANOI – Vietnam Electricity (EVN) will make up for its losses resulting from electricity trading and exchange rate discrepancies by hiking power prices from now until 2015, said EVN deputy general director Dinh Quang Tri. Speaking last Friday to further explain the issues related to the power business, Tri said EVN had borrowed US$7.4 billion

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CPI posts negative growth for second month

Published on July 26, 2012 by in VIETNAM

HCMC – The national consumer price index (CPI) is down an estimated 0.29% month-on-month in July, marking a second consecutive month of negative CPI growth and sparking concerns over deflation. According to the General Statistics Office, four out of the 11 groups of items used for CPI calculation have seen their prices falling this month,

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