Chuck Kuhn's Asia in Photos: Vietnam newspapers - June 12 | Industries | Technology, Media & Telecommunications

Friday, June 12, 2009

Vietnam newspapers - June 12 | Industries | Technology, Media & Telecommunications | Reuters

HANOI, June 12 (Reuters) - These are some of the leading stories in the official Vietnamese press on Friday. Reuters has not verified these stories.

FINANCIAL NEWS:

TUOI TRE

-- Banks have raised annual interest rates on dong deposits to 10 percent, 50 basis points below the central bank ceiling. However, growth in dong deposits remains slow as people seeking higher returns shift funds into stocks and gold, bankers said.

-- Several banks have said they would pay their first dividend for this year to boost share prices. Eximbank planned to pay an 8 percent dividend, while Asia Commercial Bank ACB.HN would pay a 9 percent dividend in cash.

LAO DONG

-- Maritime Bank said its gross profit in the first five months of this year reached 470 billion dong ($26 million), or 66 percent of its full-year target. The lender's assets have risen 10 percent to 41 trillion dong from the end of April.

-- Commodities manufacturers and construction materials makers are expected to post solid profits for the second quarter as they benefit from the government's loan subsidy scheme.

-- Foreign investors have been net buyers of bonds worth 1.3 trillion dong ($7.4 billion) in the past two months while they sold 190 billion dong worth of shares, statistics showed.

GENERAL AND ECONOMIC NEWS

VIETNAM NEWS

-- The number of H1N1 flu cases in Vietnam have reached 23, the Health Ministry said.

-- Seafood exports this year are expected to equal 2008's $4.5 billion despite the global economic slump, the Vietnam Association of Seafood Exporters and Producers said.

THOI BAO KINH TE VIETNAM

-- National television VTV said it had established a joint venture with French pay-TV group Canal Plus (VIV.PA) in Vietnam.

-- Oil monopoly Petrovietnam said it had established a coal trading unit to import coal for its power plants. Petrovietnam plans to invest in coal-fired power capacity of 6,000 megawatt, bringing its total coal need to 18 million tonnes per year when all plants are operational. Continued...

more info-->>>PRESS DIGEST - Vietnam newspapers - June 12 | Industries | Technology, Media & Telecommunications | Reuters

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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.