CIA director says he would resign if ordered to resume waterboarding

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Báo Thanh Niên English 2 month(s) ago

CIA director says he would resign if ordered to resume waterboarding

CIA Director John Brennan said on Wednesday he would resign if the next president ordered his agency to resume waterboarding suspected militants, an apparent reference to comments by Republican presidential candidate Donald Trump embracing the banned interrogation method.

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Japanese investor acquires local MFI

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VietStock FI English 2 month(s) ago

A Japanese businessman has acquired a majority stake of microfinance company Farmer Union Development Fund (FUDF) and plans to expand its lending to the real estate sector as well as small- and medium-d enterprises, he revealed yesterday.

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Angkor Wat continues to lure foreign tourists

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VietStock FI English 3 month(s) ago

Revenue from ticket sales at the Angkor Archaeological Park complex in Siem Reap province, the site of Angkor Wat, increased slightly during the first half of the year, compared to the same period in 2015, new figures from the state-run Angkor Institution show.

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Wing to process business registry fees

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VietStock FI English 3 month(s) ago

The Ministry of Commerce has tapped Wing (Cambodia) Ltd Specialised Bank to be the fourth financial institution designated to handle payments for companies incorporated using the ministry’s online registration system.

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Banks offer credit for those with steady jobs

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VietStock FI English 3 month(s) ago

Banks offer credit for those with steady jobs

The number of banks offering advance salary loans has grown since Acleda Bank first introduced the concept in Cambodia in late 2013, though some financial institutions remain wary of offering the unsecured lines of credit.

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ADB vows continued support for climate change

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SaiGon GP English 3 month(s) ago

ADB vows continued support for climate change

Việt Nam treasures its ties with the Asian Development Bank (ADB), considering the institution one of the top donors in the supply of capital, technical assistance and policy consultation, Prime Minister Nguyễn Xuân Phúc told ADB President Takehiko Nakao during a reception in Hà Nội yesterday.

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Angkor Wat ticket sales stagnating

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VietStock FI English 4 month(s) ago

Angkor Wat temple, Cambodia’s prime tourist attraction, experienced nearly stagnant growth for the first five months of this year, according to data released by Angkor Institution yesterday.

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Microfinancer Prasac looking to parter up with Korean giant

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VietStock FI English 4 month(s) ago

Microfinancer Prasac looking to parter up with Korean giant

Woori Bank, South Korea’s second-largest bank in terms of assets, is vying to purchase a 50 per cent stake Cambodia’s largest microfinance institution, Prasac, the company’s CEO confirmed yesterday.

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Fulbright University Vietnam to open in late 2016

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SaiGon GP English 4 month(s) ago

Fulbright University Vietnam to open in late 2016

The establishment of the Fulbright University Vietnam (FUV) – the country’s first independent and non-profit higher education institution- was announced in Ho Chi Minh City on May 25.

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State President welcomes WB Vice President

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Báo điện tử CP English 4 month(s) ago

State President welcomes WB Vice President

VGP – State President Tran Dai Quang on May 19 hosted a reception for Ms. Victoria Kwakwa, the World Bank Vice President for the East Asia and Pacific Region, seeking to beef up the cooperation with the financial institution.

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Canadian bank ups stake in ABA

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VietStock FI English 5 month(s) ago

Canadian financial institution National Bank of Canada (NBC) has increased its total investment in Advanced Bank of Asia Ltd (ABA Bank) to $148 million, becoming the local commercial bank’s majority shareholder with a 90 per cent stake, the bank announced yesterday.

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True Money to extend services to Niron MFI

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VietStock FI English 5 month(s) ago

True Money to extend services to Niron MFI

Mobile payment provider True Money Cambodia signed a memorandum of understanding with local microfinance institution Niron Mikroheranhvatho Plc on Friday to facilitate bill payments for the microlender’s 60,000 customers.

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Circular tightens offshore borrowings

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Báo Đầu Tư English 5 month(s) ago

Circular tightens offshore borrowings

A circular containing new regulations on offshore borrowing took effect on April 15, expanding the central bank’s control over offshore borrowings to short-term loans. Doan Tu Tich Phuoc, lawyer at Duy Long Legal LLC, provides some insight on the topic.

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Vietnam’s academy dubbed ‘doctorate mill’ as PhD students graduate en masse

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Báo Tuổi Trẻ English 5 month(s) ago 1 related news

Vietnam’s academy dubbed ‘doctorate mill’ as PhD students graduate en masse

A graduate academy in Vietnam has been dubbed a ‘doctorate mill’ after a local man found out that one new student earned a PhD degree from the institution almost on a daily basis in 2015.

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PM asks for completing institution, removing barriers for development

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Báo điện tử CP English 5 month(s) ago

PM asks for completing institution, removing barriers for development

VGP – PM Nguyen Xuan Phuc asked the Ministry of Planning and Investment (MPI) to uphold its role as lead consultant in socio-economic development measures at his working session with the MPI on April 21.

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