Vietnam’s Central Bank to Work with Commercial Banks on Non-manufacturing Credit: June 2011May 28, 2011 (Vietnamica.net) – The State Bank of Vietnam is scheduled to meet with commercial bankers next week in a meeting many expect the central bank would set date for commercial banks to observe rules on non-manufacturing credit extension.
May 27, 2011 (Bloomberg, updated by Vietnamica.net) — Vietnam and the Philippines are pushing forward oil and gas exploration projects in areas of the South China Sea claimed by China, risking clashes in one of the world’s busiest shipping corridors.
May 27, 2011 (Vietnamica.net) – “The European Union (EU) is proud of being a strategic partner of Vietnam in all fields from trade and investment to politics and culture.” Jean-Jacques Bouflet, Minister-Counsellor, Head of the Economic and Trade Committee of the EU Delegation to Vietnam, made this statement at a ceremony in Hanoi on May 26 to launch “Green Book 2011”, the EU’s annual report on Vietnam’s economy in 2010-11. (Source: VNA)
Dong Nai Province: Real Estate Sector in Desperate Financial StraitMay 27, 2011 (Vietnamica.net) – The banking sector’s tightening policies pushed real property businesses in the southern Dong Nai Province (near Ho Chi Minh City and Binh Duong) into desperate financial straits. Both developers and buyers now face severe financial shortage.
May 26, 2011 (The FINANCIAL, republished by Vietnamica.net) – As The World Bank announces, improving the efficiency of public investment by strengthening the four stages of investment cycle –project selection, project implementation, financial management and oversight – is the focus of a US$ 350 million operation from the World Bank to Vietnam, approved on May 24.
Vietnam’s State Sector Should Not Dictate the Trans-Pacific PartnershipMay 25, 2011 (By Dr. Derek Scissors and Walter Lohman at The Heritage Foundation, Webmemo # 3267 on May 23 | Republished by Vietnamica) – It seems like Vietnam has been the next big thing for quite a while. Vietnam did very well in the 1990s and through the turn of the century.
