Higher credit growth could increase listed banks’ profits

Delving into an age-old statue-making village in townHoang The Phong The statue-making village is located at a small alley at 1017 Hong Bang Street in HCMC’s District 6 where tourists can find hundreds of Buddha statues in different sizes and shapes It has been widely accepted that traditional craft villages are being pushed into oblivion due to the advancement of technology wherein machines outperform people, and many artisans have to quit their job to look for other ways to earn a living. However, there are still havens for skilled craftsmen with strong devotion. Taking a stroll around Hong Bang Street in HCMC’s District 6, tourists will have a chance to explore a 100-year-old statue-making village which has maintained its traditions and created a unique cultural trait amidst the heart of the modern city. Nestled in the small alley at 1017 Hong Bang Street in close proximity to Giac Hai Pagoda at the foot of Ong Buong Bridge in District 6, the village is home to more than 10 households dedicated to producing colorful and diverse statues that are mainly distributed to pagodas and temples nationwide and even exported to some foreign markets. What may impress tourists upon arrival in the craft village for the first time is that they can find hundreds of Buddha statues in different sizes and shapes with amazing designs and colors along the alley, and catch the images of not only veteran artisans but also younger ones engaged in carving and shaping statues. According to a…... [read more]

Participants in the launching ceremony of the text-message programme donate money to flood victims (Photo: VNA) Hanoi (VNA) – The Vietnam Red Cross Society (VRC) on August 9 launched a text-message programme to raise funds for people in flood-hit areas in northern Vietnam. By texting “UH” to the number 1409, a donor can donate 20,000 VND to the programme, which lasts from August 9 to October 7. Other material aid can be delivered to the VRC headquarters at No 82 Nguyen Du street in Hanoi or its southern representative office at No 201 Nguyen Thi Minh Khai street in District 1, Ho Chi Minh City. Money can also be sent to the bank account “Trung uong Hoi Chu thap do Viet Nam”, number 124 02 02 005 348 (for VND), 124 02 02 018198 (for USD), or 124 02 02 006862 (for EUR), at the Hoang Mai branch of the Vietnam Bank for Agriculture and Rural Development (No 127 Lo Duc street in Hai Ba Trung district, Hanoi). All of the collected money and materials will be used to support flood-affected people with fundamental goods, housing and livelihoods. On August 8, the VRC also called on its chapters, members and people nationwide to provide assistance for flood victims. The campaign will last until the end of September. Heavy rains and subsequent flash floods occurred across northern mountainous provinces over the last few days, especially in Yen Bai, Son La and Lai Chau…... [read more]

VietNamNet Bridge - Here are the best coffee shops in Hanoi for tourists and locals to discover. Café Giang  Address: 7 Hang Gai Street Café Giang has been open since 1946, it is well-known for egg coffee that becomes one of Hanoi special dishes.  Despite many other places also serve this kind of coffee, egg coffee in Giang still wins first position, most delicious.  The skill of Mr. Giang lies in the amount of egg cream and coffee in a cup.  Café Nhan Address: 39 Hang Hanh Street Café Nhan opened in 1946. At the time of revolution, café Nhan in Cau Go Street was a place to exchange information among soldiers.  Mr. Nhan has his own secret in roasting and grinding coffee so his coffee is always special.  You can see many café shops under name café Nhan but most people still look for café Nhan in Hang Hanh Street. Café Lam Address: 60 Nguyen Huu Huan Street Café Lam is also known as painting café. In the past, artists came here because of their love for coffee and they presented their paintings to shop owner, like famous painter Bui Xuan Phai.  Mr. Lam often jokes that they drank his coffee and did not have enough money to pay, so they had to leave their painting for payment. Whether it is true or only joke, these paintings were carefully framed and hung in beautiful locations in the shop.  In recent years, Mr. Lam has opened one more shop also…... [read more]

VietNamNet Bridge - Economists have said that the increased trade deficit with South Korea is not expected to lead to changes in Vietnam’s economic structure. China remains Vietnam’s biggest supplier of goods, but South Korea has the highest growth rate of exports to Vietnam. In the first six months of the year, Vietnam imported $22.5 billion worth of products from South Korea, an increase of 51.2 percent over the same period last year. Nguyen Thi Ngoc Linh, secretary general of VEXA (Vietnam Exporters’ Association), commented on Tuoi Tre that while the volume of goods Vietnam exports to SK has increased modestly, the imports have risen sharply. Bui Trinh, an economist, commenting about the ‘import wave from SK’, noted that the structure of the imports remains unchanged. The only change is that Vietnam now imports more products from South Korea instead of China. China remains Vietnam’s biggest supplier of goods, but South Korea has the highest growth rate of exports to Vietnam. In the first six months of the year, Vietnam imported $22.5 billion worth of products from South Korea, an increase of 51.2 percent over the same period last year. “The figures show the changes in Vietnam’s import partners – Vietnam has shifted to importing more from South Korea instead of China – but they don’t mean changes in economic structure,” he said, adding that the imports are still mostly machines, equipment and input materials that serve domestic production.  Some experts think that Vietnam would rather have a trade deficit…... [read more]

The National Steering Committee on Natural Disaster Prevention received 30 tons of aid relief to help flood victims in the northern mountainous provinces at Noi Bai International Airport yesterday.  On behalf of Vietnamese Government, Minister, Chairman of the Office of the Government Mai Tien Dung. Mai Tien Dung sends VND 400 million to the Central Fatherland Front Committee of Vietnam to support the flood victims in the northern mountainous province The donation was contributed by the ASEAN Coordinating Center for Humanitarian Assistance on disaster management (AHA), an inter-governmental organization established by ten ASEAN countries in November 17, 2011 under its target of facilitate cooperation and coordination among ASEAN Member States and with the United Nations and international organizations for disaster management and emergency. 30 tons of aid relief included 600 household kits, 3,000 personal hygiene products, 600 kitchen kits, one set of movable canvas containing goods, an electric generator with 16 KVA, and 300 home repair kits with total value of US$ 2.3 trillion. As plan, the donation will be sent to flood victims in the provinces of Son La, Yen Bai and Nghe An where suffered serious damages after a week-long siege of flashflood and landslide.  On the occasion, Director of the ASEAN Coordinating Center for Humanitarian Assistance on disaster management Ms. Adelina Kamal shared with losses from the recent flood and the difficulties of people in effected-areas. This is the first time that Vietnam called for assistance from the organization, added Ms. Adelina Kamal. On the same day,…... [read more]

The earthquake occurred late Tuesday, killing 12 and injuring 175, 28 of them seriously, according to a statement by the government of Aba prefecture, where the epicentre was located, source from Vietnamnews. But China’s National Commission for Disaster Reduction estimated that as many as 100 people may have perished, based on past census data of the sparsely populated region. Initial images emerging from the quake zone showed paramilitary police searching through rubble for survivors. Elsewhere, stunned people were seen milling about on debris-strewn streets, fearful of going back inside in case of further tremors. At least one aftershock, measured at 4.2 magnitude by the US Geological Survey (USGS), hit the region shortly after the main quake. Early on Wednesday, a 6.3-magnitude earthquake shook northwest China’s Xinjiang region, thousands of kilometres from Sichuan, according to the (USGS). It struck at around 7.30am (2330 GMT) and was followed by two aftershocks of 5.2 and 5.3 magnitude, but there were no immediate reports of damage or casualties from the remote area. The Sichuan temblor was centred near Jiuzhaigou, a valley designated as a national park and UNESCO World Heritage Site and which is famed for its striking scenery, karst rock formations, waterfalls and lakes. Xinhua said at least five of the deaths occurred in Jiuzhaigou, adding that more than 34,000 people were visiting the popular tourist site at the time. It said, 31,500 tourists had been relocated to safety. The National Commission for Disaster Reduction estimated that more than 130,000 houses may…... [read more]

The earthquake occurred late Tuesday, killing 12 and injuring 175, 28 of them seriously, according to a statement by the government of Aba prefecture, where the epicentre was located, source from Vietnamnews. But China’s National Commission for Disaster Reduction estimated that as many as 100 people may have perished, based on past census data of the sparsely populated region. Initial images emerging from the quake zone showed paramilitary police searching through rubble for survivors. Elsewhere, stunned people were seen milling about on debris-strewn streets, fearful of going back inside in case of further tremors. At least one aftershock, measured at 4.2 magnitude by the US Geological Survey (USGS), hit the region shortly after the main quake. Early on Wednesday, a 6.3-magnitude earthquake shook northwest China’s Xinjiang region, thousands of kilometres from Sichuan, according to the (USGS). It struck at around 7.30am (2330 GMT) and was followed by two aftershocks of 5.2 and 5.3 magnitude, but there were no immediate reports of damage or casualties from the remote area. The Sichuan temblor was centred near Jiuzhaigou, a valley designated as a national park and UNESCO World Heritage Site and which is famed for its striking scenery, karst rock formations, waterfalls and lakes. Xinhua said at least five of the deaths occurred in Jiuzhaigou, adding that more than 34,000 people were visiting the popular tourist site at the time. It said, 31,500 tourists had been relocated to safety. The National Commission for Disaster Reduction estimated that more than 130,000 houses may…... [read more]

However, customers are waiting for prices to drop even further. Auto firms have decreased prices by between VND10 million (US$473) and nearly VND200 million for each car in recent months. According to a report from the Vietnam Automobile Manufacturers’ Association (VAMA), 154,930 units were sold in the January to July period, down six per cent compared with the same period last year. VAMA attributed the decline to customers waiting for prices to be lowered further. Toyota Motors Vietnam (TMV), which initially ignored the price reduction trend, has also recently jumped on to the bandwagon. The corporation last month started providing customers with the VND30 million registration fee for the Toyota Vios and VND40 million for the Corolla Altis. This programme will continue until the end of this month. An employee of Toyota Long Biên said this was support being provided by TMV for all its customers of the Vios and the Corolla Altis. Meanwhile, customers also enjoyed discounts at Toyota agents worth VND65 million for Vios and more than VND100 million for Corrolla Altis. Trường Hải Auto Coporation (Thaco), which occupies the country’s largest market share and is the distributor of Kia, Mazda and Peugeot, has been discounting the prices of cars on a monthly basis. Bùi Kim Kha, deputy general director of Thaco, said besides the company’s promotional programme, its showrooms had also conducted their own promotional programmes, due to which the current prices of cars had touched the bottom and could not go any lower. This month,…... [read more]

Vietnamese automakers and importers have been racing to reduce the price of many models in order to enhance the market’s capacity in the future. — Photo Minh Son Vietnamese automakers and importers have been racing to reduce the price of many models in recent months ahead of the zero-tariff policy for car imports from ASEAN nations that goes into effect on January 1, 2018. However, customers are waiting for prices to drop even further. Auto firms have decreased prices by between VND10 million (US$473) and nearly VND200 million for each car in recent months. According to a report from the Vietnam Automobile Manufacturers’ Association (VAMA), 154,930 units were sold in the January to July period, down six per cent compared with the same period last year. VAMA attributed the decline to customers waiting for prices to be lowered further. Toyota Motors Vietnam (TMV), which initially ignored the price reduction trend, has also recently jumped on to the bandwagon. The corporation last month started providing customers with the VND30 million registration fee for the Toyota Vios and VND40 million for the Corolla Altis. This programme will continue until the end of this month. An employee of Toyota Long Bien said this was support being provided by TMV for all its customers of the Vios and the Corolla Altis. Meanwhile, customers also enjoyed discounts at Toyota agents worth VND65 million for Vios and more than VND100 million for Corrolla Altis. Truong…... [read more]

A Vietnamese American man was arrested on Wednesday on charges of car theft in the southern province of Binh Duong. The man was captured by CCTV stealing a white Honda Civic outside a shopping mall on Sunday. On Wednesday morning, a group of vigilantes who have taken it upon themselves to patrol their neighborhoods spotted the car in Binh Duong's Thu Dau Mot Town. When the man realized he'd been identified, he tried to drive off, but the gang chased him down and forced him to stop. He has been identified as Kevin Long Nguyen, 29, a Vietnamese American. At the police station, Long said he was a crystal meth addict and had returned to Vietnam for eight months after losing his job in the U.S. He also claimed he had been applying for a job at the shopping mall on Sunday, which he failed to get. As he was leaving the mall, Long noticed the car with the key in the ignition, so he jumped in and drove off. Long said he'd been trying to sell the car for VND470 million ($20,600) but was unable to find a buyer because he didn't have the registration papers. The owner of the car has been identified as Pham Viet Anh, a local in Binh Duong. But the car was being driven by a 23-year-old woman who had stopped to withdraw money from an ATM at the time it was stolen. Binh Duong police are investigating the case further.... [read more]




Links Topics : http://news.c10mt.com/2017/08/higher-credit-growth-could-increase.html