Vietnam’s BIDV seeks gov't approval for gold exchange

Bank for Investment and Development of Vietnam, a state-owned lender, is seeking approval from the government to establish a national gold exchange in an attempt to boost protection for investors, a company official said.

Vietnam central bank cuts reserve ratios for some banks

Vietnam's central bank said on Thursday it was cutting the reserve ratios of four banks and another fund that have a large ratio of loans in agriculture.

The central bank said the reserve ratios of the country's top lender Agribank, Vietnam International Bank , Kien Long Bank and Mekong Housing Bank would be cut to one-fifth of the standard level.

Japanese retailer announces Vietnam plans

A major Japanese retailer announced on Saturday that it would join hands with a local partner to develop a chain of convenience stores in Vietnam from mid-2011 onwards.

Russian market closure strands 400 Vietnamese

Russia shut down the Emeral market in Moscow on Tuesday, putting 400 Vietnamese traders out of work.

Vietnam Airlines to increase flights for Tet holiday

National carrier Vietnam Airlines on Friday announced it will add another 583 flights for the upcoming Tet (Lunar New Year) holiday.

Vietnam to push ahead with genetically modified crops 

Vietnam will be planting genetically modified (GM) crops on a large scale from 2013 onwards, an official from the Ministry of Agriculture and Rural Development said at a conference Friday.

Transport official spreads buck for Vietnam metro sinkholes

A sinkhole on Hai Ba Trung Street, Ho Chi Minh City

Shoddy work by contractors in covering and repaving streets after construction works was not the cause of sinkholes that have appeared on many streets in Ho Chi Minh City, a city official said Thursday.

Vietnam banks pledge to bring deposit rates to below 15 pct

Hanoi- and Ho Chi Minh City-based commercials banks have promised they would keep interest rates on dong deposits at below 15 percent, ending a rate race triggered by Techcombank on Wednesday.

HAGL Land donates VND 1 billion for the poor at “ Giai dieu yeu thuong” program

“Giai dieu yeu thuong ” (Love  melody) is one of charitable music programs held by Vietnamese Fatherland Front in Ho Chi Minh City to collect money for helping the poor and homeless children. The program took place in the evening of 22 October 2010 at Ho Chi Minh TV station with participation of many organizations and individuals nationwide. Up to now, total donation has been up to VND 741,150,000,000 after 10 years of establishment

Roosters and Feng Shui

Feng shui paraphernalia also serve as nice additions to any home or office design. There are different kinds of these feng shui effects with many of them using animal symbolism. People use birds a lot because they are colorful and inspire nice thoughts and inspiration and promote freedom.