More than a merger

More than a merger

M&A Outlook talks to German Business Association (GBA) board member and banker, Dr. Andreas Stoffers about rescuing banks in trouble by merger or restructuring measures
Banking restructuring is nothing to be feared

Banking restructuring is nothing to be feared

Credit institutions that do not thoroughly restructure will miss a precious opportunity to improve their competitiveness.
LG’s system air conditioning solutions see significant growth in Central and South American markets.

LG’s system air conditioning solutions see significant growth in Central and South American markets.

The Carrier Corporation has dominated the conventional system air conditioning market for a century since Willis Carrier invented his air conditioner in 1902.
Siemens Group develops a new sublance for LD converters

Siemens Group develops a new sublance for LD converters

Siemens VAI Metals Technologies is offering LD (BOF) steel works operators the Simetal Sublance 2.0, a new lance system for temperature and oxygen measurement, sample-taking and bath level detection.
Microsoft Techdays 2012 open

Microsoft Techdays 2012 open

Microsoft’s large worldwide IT conference, Techdays 2012, will be organised tomorrow in Hanoi with the attendance of hundreds of IT pros, developers, enterprises’ CEOs and end-customers from across Vietnam coming together to share and learn about the latest technologies, products and platform innovations from Microsoft.
Balancing act to calm the market

Balancing act to calm the market

In 2011, the State Bank took the first key steps towards restoring the balance between the money market and capital market.
Boeing 787 review: ANA's Dreamliner flies across Japan, we join for the ride

Boeing 787 review: ANA's Dreamliner flies across Japan, we join for the ride

The Boeing 787 Dreamliner is not the largest plane in the world.
Moving on track to keep banks in good health

Moving on track to keep banks in good health

Inflation has to be stable, even in a range of 8-9 per cent, so people can live with it, and this has to be achieved.  
Restructuring of banks is an urgent task for Vietnam

Restructuring of banks is an urgent task for Vietnam

Vietnam’s banking sector is being squeezed by a perfect storm of hostile market conditions. Dr. Andreas Stoffers, board member of German Business Association Vietnam (GBA) writes that the industry must undertake urgent restructuring if it is to keep its head above troubled waters.
State Bank to focus on security, liquidity

State Bank to focus on security, liquidity

The State Bank of Vietnam will continue to closely monitor the monetary market and the banking sector to discover violations and help banks deal with liquidity-related problems, the bank said.
X-ray use shows lack of 20-20 vision

X-ray use shows lack of 20-20 vision

A container scanning system is rubbing scores of businesses up the wrong way at Haiphong port.
A steady hand to guide economy

A steady hand to guide economy

Newly-elected State Bank governor Nguyen Van Binh talks to VIR about the bank’s main goals and explains why the country has reasons to be optimistic on the forex front.
PIT system to become the IT thing

PIT system to become the IT thing

Deputy Minister of Finance Pham Sy Danh has approved FPT Information System (FPT IS) to provide information equipment and services for personal income tax (PIT) management application infrastructure worth approximately VND260 billion ($13 million).
Getting a handle on banks’ bad debts

Getting a handle on banks’ bad debts

“Information transparency is crucial. However, transparency needs to meet two criteria -  making the public get a grip on the situation and the information must not be misunderstood,” Central Institute for Economic Management deputy head Dr. Vo Tri Thanh told VIR in respect to the local banking system’s bad debt issue.
Vietnam tests its first tsunami warning system

Vietnam tests its first tsunami warning system

Vietnam’s first tsunami warning system was trial tested successfully on May 15 in the central city of Danang, in the presence of Deputy Prime Minister Hoang Trung Hai.
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