Responding to Earth Day (April 22) Hanoi Environmental Group and Hanoi Quality School International (QSI) launched a program to clean up the environment around West Lake. Ms Jennifer Connolly spoke to welcome volunteers and launch the program on April 23. From the United States, Ms Connolly is a teacher from QSI and the leader of HEG Foreign volunteers and pupils were divided into different groups under the guidance of teachers from QSI. The motto of the program delivered a thank you to those who are well behaved with Mother Earth After the launch, pupils from the international school started to clean up the environm A foreign pupil collected rubbish around a flower garden next to West Lake bank The program also attracted the participation from foreign adults Olivia from Australia has come to Vietnam for three months and is learning in a new environment. However, she was eager and serious in work assigned American teacher, Tom Saunder, shared that he has never … [Read more...] about Foreigners participate in cleaning West Lake environment
West one bank
VietNamNet Bridge - The number of Vietnamese commercial banks would decrease from 39 currently to 13-15 by 2017, according to Stoxplus, a finance information service firm. The 2013 merger and acquisition (M&A) released of the firm showed that unlike the previous years, most of the M&A deals in the banking sector in 2013 would be the investment deals on the minority shares to be made by foreign finance groups. In 2012 alone, the M&A market witnessed two biggest hostile takeover deals in the history relating to Sacombank, one of the biggest commercial banks in Vietnam and the Phuong Nam Bank, two domestic strategic investment deals (DOJI poured money into Tien Phong Bank and Viettel into Military Bank). There were also other big deals, in which Thien Thanh Group bought Trust Bank and BTMU bought the stakes of the equitized Vietinbank. In early 2013, PetroVietnam Finance Corporation (PVFC) announced the plan to merge the West Bank into it. In early March 2013, the … [Read more...] about M&A in banking sector: who will be next?
A shortage of U.S. dollars, new banking regulations and strong investor demand mean Asian banks are set to help spur long-awaited innovation in the region's debt capital markets. Singapore is consulting on new guidelines to help its banks issue covered bonds and Hong Kong plans to study investor appetite for similar products, while banks across Asia are looking at forms of debt previously unseen in the region, such as hybrid or perpetual bonds. "Every institutional investor is waiting for another investment to diversify their portfolio, especially those who already own unsecured bonds," said Warren Lee, head of structured financing solutions at Standard Chartered in Hong Kong. Although most Asian banks are flush with local currency retail deposits, many have been struggling to get access to enough U.S. dollars, so they are looking at new ways of issuing bonds to raise these funds. In Singapore, for example, Fitch Ratings estimate that while local banks' overall loan-to-deposit … [Read more...] about Asian banks warm to bond market innovation
Emerging economies must be given a fair shot at leading the institutions at the heart of global finance or they will end up going their own way, a challenger for the top job at the World Bank said. "The balance of power in the world has shifted and emerging market countries are contributing more and more to global growth - more than 50 percent - and they need to be given a voice in running things," Nigerian Finance Minister Ngozi Okonjo-Iweala told Reuters. "If you don't, they will lose interest. Okonjo-Iweala, 57, was nominated on Friday by African power houses Nigeria, South Africa and Angola to lead the poverty-fighting institution when its current president Robert Zoellick steps down in June. She is going up against Jim Yong Kim, a Korean-American health expert whose name was put forward by U.S. President Barack Obama on Friday, and former Colombian finance minister Jose Antonio Ocampo, who was nominated by Brazil. It's the first time the post has ever been contested. Under … [Read more...] about Okonjo-Iweala: World Bank must mirror global shift
The Japanese cars and sport utility vehicles that clog the streets of Laos's once sleepy capital are testament to the changes quietly under way in a county once seen as a basket case isolated for decades behind Asia's bamboo curtain. Shopping malls are under construction, mobile phone shops and modern coffee houses with Wi-Fi are popping up in Vientiane, the bicycles that thronged roads lined with golden temples are rarely seen, replaced by imported motorcycles and cars. These are some of the fruits of a quiet economic boom that's steadily transformed a secretive country little known in the West beyond the tales of backpackers and US War veterans in Vietnam. The former French colony is courting neighboring China, Vietnam and Thailand to develop resources and infrastructure, and they are piling in, indifferent to the risk aversion that keeps Western firms on the sidelines. A big Thai-led dam project was suspended this month pending environmental surveys, but other Thai-built … [Read more...] about Neighbors cash-in as West sits out Laos boom