Vietnam gets a Moody’s downgrade on weak banks, stuttering economy By The Associated Press | September 28, 2012 HANOI, Vietnam – Moody’s Investors Service has downgraded Vietnam’s credit rating, citing weaknesses in its banks and a stuttering economy. The downgrade to B2 from B1 for government bonds issued in local or foreign currency announced Friday means the [Read on …]
Once-roaring Vietnam economy struggles to overcome malaise By Chris Brummitt, The Associated Press | September 11, 2012 BAT TRANG, Vietnam – Four years ago, Le Van Tho borrowed $200,000 to build a new ceramic factory on rice fields bordering Hanoi. But with the economy slowing, orders have slumped this year and she recently laid off [Read on …]
Interpol-wanted Vietnamese official Duong Chi Dung arrested Tuoi Tre News Wednesday, Sep 05, 2012 Vietnam police have captured Duong Chi Dung, a former director of the Vietnam Maritime Administration, on Tuesday, the Ministry of Public Security said Wednesday. Dung, 55, was nabbed reportedly in a Southeast Asian nation, and then extradited to Vietnam by the [Read on …]
4,100 Saigon street food meals “At Risk” I’ll try to keep this diversion from talking about Saigon street food brief. I want to get back to actually eating Saigon street food and reporting back to you about those eating adventures. But with 4,100 of my future Saigon street food meals potentially threatened, I could not [Read on …]
Vietnam political battles heat up as economy falters BY AGENCE FRANCE-PRESSE Posted on 08/26/2012 2:00 PM | HANOI, Vietnam – The arrest of one of Vietnam’s top banking tycoons reflects a wider power struggle among the Communist rulers over how to tackle the country’s deepening economic troubles, experts say. Flamboyant multi-millionaire Nguyen Duc Kien, a [Read on …]
Vietnam shocked by tycoon’s arrest Tuoi Tre News Tuesday, Aug 21, 2012 One of Vietnam’s most powerful tycoons Nguyen Duc Kien – a household name in the financial market and football industry – was arrested yesterday evening over unannounced economic reasons, sending shockwaves across the country. The arrest was confirmed by the General Police Department [Read on …]