China central bank steps up easing tempo as factory activity shrinks

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Báo Thanh Niên English 1 day(s) ago

China central bank steps up easing tempo as factory activity shrinks

Weakness in China's vast manufacturing sector, aggravated by high real borrowing costs and weak demand, appears to have driven the central bank to accelerate the pace of monetary easing to ward off deflation in the world's second-largest economy.

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Vienam central bank plans to take over more troubled lenders

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Báo Thanh Niên English 18 hour(s) ago

Vienam central bank plans to take over more troubled lenders

The State Bank of Vietnam is planning to take over at least two more banks which have not been able to sort out their financial and managerial troubles, an official said.

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Photo story: Catching clams in Tam Giang Lagoon

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VietnamNet English 5 day(s) ago

Photo story: Catching clams in Tam Giang Lagoon

VietNamNet Bridge - Hundreds of poor women soak their bodies in brackish water all day long to catch clams in Tam Giang Lagoon.

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Abbott survives leadership challenge

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Báo Thanh Niên English 2 week(s) ago

Australia Prime Minister Tony Abbott survives a leadership challenge but support is weak.

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Bourses: Weak liquidity clouds gains

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VietnamPlus English 3 week(s) ago

Bourses: Weak liquidity clouds gains

Shares continued to climb on February 6 on both exchanges, but concern about weak liquidity still lingers.

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Weak liquidity clouds gains

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Báo Đầu Tư English 3 week(s) ago 2 related news

Weak liquidity clouds gains

Shares continued to climb yesterday on both exchanges, but concern about weak liquidity still lingers.

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No limit to foreign-ownership in weak banks: SBV

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VietnamNet English 3 week(s) ago

No limit to foreign-ownership in weak banks: SBV

VietNamNet Bridge – The government of Vietnam is considering raising the ceiling on foreign ownership in weak banks which are undergoing restructuring, Deputy Governor of the State Bank Nguyen Phuoc Thanh said.

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Weak liquidity clouds gains

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VietNam News English 3 week(s) ago 2 related news

Weak liquidity clouds gains

Shares continued to climb yesterday on both exchanges, but concern about weak liquidity still lingers.

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SBV decides to nationalize commercial bank as last resort

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VietnamNet English 3 week(s) ago

SBV decides to nationalize commercial bank as last resort

VietNamNet Bridge – The State Bank of Vietnam (SBV) has decided to buy the Vietnam Construction Bank (VNCB) at zero dong per share. This is the first time in history the central bank has bought shares of a commercial bank.

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ExxonMobil profits drop as oil and gas output falls

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Báo Đầu Tư English 3 week(s) ago

ExxonMobil profits drop as oil and gas output falls

The biggest US oil company said fourth-quarter net income was US$6.6 billion, down 21.3 per cent from the year-ago period.

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Vietnam builds M&A momentum for banking sector

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Báo Thanh Niên English 3 week(s) ago

Vietnam builds M&A momentum for banking sector

Vietnam is accelerating merger and acquisition activities in the banking sector, in an effort to reduce bad debt, which monetary regulators said has been a heavy burden on the country's economy.

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Foreign investors being wooed to invest in Vietnam banks

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Báo Dân Trí English 1 month(s) ago

Foreign investors being wooed to invest in Vietnam banks

Vietnam wants foreign investors to buy stakes in local financial institutions to support measures this year to restructure the local banking system, with mergers on the cards and more flexible ownership limits to encourage participation, a senior banking official said.

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Second thoughts on SMEs readiness for AEC

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VOV News English 1 month(s) ago

Second thoughts on SMEs readiness for AEC

(VOV) - Vietnam small-and medium-sized enterprises (SMEs) had hoped to readily take full advantage of the ASEAN Economic Community (AEC) that will come into effect by the end of 2015.

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'Zombies' haunt Vietnam's trade bonanza bid

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Báo Thanh Niên English 1 month(s) ago

'Zombies' haunt Vietnam's trade bonanza bid

Nguyen Nam owns an engineering services firm in Ho Chi Minh City that pays no taxes nor any salaries. The flip side is it earns no revenue either.

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S&P cuts Russia credit rating to 'junk'

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Báo Đầu Tư English 1 month(s) ago

S&P cuts Russia credit rating to 'junk'

Standard and Poor's stripped Russia of its investment-grade rating on Monday (Jan 26), cutting it to "junk" status with a warning of weak growth.

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