Chuck Kuhn's Asia in Photos: Vietnam's Agribank cuts dong loan rate to 16.5 pct

Wednesday, October 22, 2008

Vietnam's Agribank cuts dong loan rate to 16.5 pct

Vietnam's top lender, Agribank, has cut its dong lending rate by 1 percentage point to 16.5 percent after the central bank cut its base rate earlier this week.
The new rate, effective from Tuesday, is 4.5 percentage points lower than at the start of the year, the unlisted, Hanoi-based bank said in a statement seen on Wednesday.
Agribank last reduced its lending rate by one percentage point to 17.5 percent from 18.5 percent on Oct. 8.
(Reporting by Nguyen Nhat Lam; Editing by Alan Raybould)
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They say "

“I can’t say what made me fall in love with Vietnam - that a woman’s voice can drug you; that everything is so intense. The colors, the taste, even the rain. Nothing like the filthy rain in London. They say whatever you’re looking for, you will find here. They say you come to Vietnam and you understand a lot in a few minutes, but the rest has got to be lived. The smell: that’s the first thing that hits you, promising everything in exchange for your soul. And the heat. Your shirt is straightaway a rag. You can hardly remember your name, or what you came to escape from. But at night, there’s a breeze. The river is beautiful. You could be forgiven for thinking there was no war; that the gunshots were fireworks; that only pleasure matters. A pipe of opium, or the touch of a girl who might tell you she loves you. And then, something happens, as you knew it would. And nothing can ever be the same again.”
― Graham Greene, The Quiet American

Tips on Travel to Vietnam

It's always warm in Southeast Asia apart from high mountains, so leave the heavy clothing at home. Cotton and breathable fabrics are always better than synthetics -- although cotton does wrinkle a lot when traveling! December through April is roughly the dry season in that region, although it can still rain a little. December is a good time to go in terms of temperature -- cooler than in the humid summertime. Either way, wearing more clothing (shirt sleeves and long pants) is always more respectful towards the Asian culture, especially when visiting temples and rural areas.