Vietcombank's recent attemp to divest from Eximbank saw poor results On October 17, the Hanoi Stock Exchange (HNX) announced cancelling the auction of a batch of Eximbank (EIB) stocks owned by Vietcombank because no investor registered. This was Vietcombank’s second failure as on October 15, the bank also saw flat results in the auction of Military Bank (MBB) stock. The bank’s capital divestment from EIB and MBB were to match the State Bank’s Circular 36/201/TT-NHNN that regulates minimum safety limits and ratios in banking operations because Vietcombank’s current ownership in these two banks are above the regulated 5 per cent. Particularly, at the MBB stock auction, Vietcombank offered to sell 53.4 million shares at the starting price of VND19,641 ($0.85) apiece. After the deadline of placing deposits to purchase stocks, only 10 investors (five corporate and five individual) registered to buy a total of 5.9 million shares, equal to 11 per cent of the total … [Read more...] about Bank stock auctions less charming than before?
Banks open on veterans day
Saturday, May 23, 2015 - 16:36:59 (VOVworld) – Returning to Vietnam nearly 4 decades after the war, Paul George Harding, a US was veteran, has opened free English classes in Hanoi as he wants to make amends as far as possible to the Vietnamese people. Harding’s English classes in Hanoi’s Cau Giay district are always full of laughter and joy. His students’ ages vary from 5 to 70 years old. 72-year-old Ta Quang Tiep of Hanoi’s Hai Ba Trung district is one of them: "Paul is very enthusiastic about teaching us English. Sometimes he even has 3 classes on a single day, even in this hot weather." Paul attaches great importance to his students’ pronunciation. During class, he sits with every student to listen to their pronunciation and correct it. He often encourages his students to be confident havig conversations in English. Ha Thi Hao is a 2nd-year student at Hanoi’s Banking Academy: "I used to pay attention to English grammar only and this meant … [Read more...] about US war veteran opens free English classes in Hanoi Saturday Report
Hanoi(VNA) – The 11th Party Central Committee’s report on the documents of the 12 th National Party Congress has highlighted the determination to redouble efforts to build the Party clean and strong, push forward the renewal comprehensively and harmoniously, and firmly defend the homeland, among others. The following is the full text of the report, delivered to the 12th National Party Congress by Party General Secretary Nguyen Phu Trong. “REDOUBLE EFFORTS TO BUILD OUR PARTY CLEAN AND STRONG; PROMOTE THE ENTIRE NATION’S STRENGTH AND SOCIALIST DEMOCRACY; PUSH FORWARD COMPREHENSIVELY AND HARMONIOUSLY THE RENEWAL PROCESS; DEFEND FIRMLY THE HOMELAND AND MAINTAIN STURDILY A PEACEFUL AND STABLE ENVIRONMENT; AND STRIVE FOR OURS TO SOON BECOME BASICALLY AN INDUSTRIALIZED COUNTRY TOWARD MODERNITY Report of the Party’s XIth-tenure Central Committee presented by General Secretary Nguyen Phu Trong on the Party’s XIIth Congress Documents Members of the … [Read more...] about Bản in : 11th Party Central Committee’s report on Congress documents
Vietnam's Communist Party will step up its fight against corruption this year to weed out violations committed at a local level, according to Party General Secretary Nguyen Phu Trong. Trong, who also chairs the Central Steering Committee on Anti-Corruption, discussed plans for 2018 and reviewed the progress made in 2017 as the committee convened for its 13th session on Monday. The committee concluded that its efforts last year had left no "off-limits zones" in the fight against corruption, and had transformed itself into a more effective, professional and responsible organization. "What we accomplished was very clear and widely supported by the people. The fight against corruption has become a movement that has created a good impression and reinforced public trust," Trong said. Throughout the year, new regulations regarding inspections, management and the appointment and transfer of officials were issued to help prevent and tackle violations. The committee also stepped up inspections … [Read more...] about Vietnam to crack down on day-to-day corruption in 2018: Party chief
Viet Nam News SEOUL— Europe’s post-Brexit future, and the East Asian ramifications of next month’s US presidential election, dominated today’s opening ceremony of the 17th World Knowledge Forum, the largest business conference in Asia. Gerhard Schroder, former Prime Minister of Germany, said this morning that Europe is facing a period of uncertainty and that the bloc must grow economically and politically to cope. He insisted international cooperation would be more crucial than ever in dealing with global challenges and conflicts. Core members of the EU Germany and France will have to play a crucial role in leading the EU toward solving regional issues, especially the refugee crisis, he said. Regarding the US election next month, many politicians and think-tanks at the forum shared the view that there would be tremendous consequences on Asia if Donald Trump were elected. For the first time in 80 years, Trump, a candidate for the American presidency has … [Read more...] about Future of Europe, Asia tops World Knowledge Forum opening