NA to mull over tax, economy, inflation: The third session of the 12th National Assembly, kicked off in Hanoi on May 6, with 11 bills, one resolution and a number of special issues at the top of the agenda.
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Cover
Larger projects divulge resources risks: More foreign direct investment capital is expected to flow into Vietnam but larger projects also bring bigger challenges to the country, economists have said.
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News
USABC delegation tours the country: While no contracts were signed, members of the 2008 mission to Vietnam by the US-ASEAN Business Council last week were optimistic that the US would become the country’s number one foreign investor within two or three years.
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Banking & Finance
Watchful eyes cast over bank operations: Local banks’ operations are set to be scanned more thoroughly in a bid to control system stability, following the release of a State Bank document to tighten supervision on financial institutions.
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Insight
National Assembly talks up problems, solutions: Prime Minister Nguyen Tan Dung asked the National Assembly to consider the Government’s request to formally cut the country’s GDP growth rate target of this year from 8.5 percent to 7 percent. He also proposed several solutions to contain inflation and ensure social welfare.
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Property
Executive arrested in Danang land deal scam: Police in Danang have detained a local land dealer for a scam to defraud his partner out of $1.5 million.
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Executive talk
Property developers find it tough during correction : Property developers are facing high inflation, tightening monetary policy and decreasing housing prices. Vu Quang Hoi, president of Bitexco, talked about the market and the strategies needed to survive.
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IT world
Oracle helps out with university training: A new Oracle partnership deal is expected to induce better labour-market oriented training at Vietnam's universities and colleges.
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Analysis
Learning to bridge the cultural divide: As with any nationality, the most important issue is to reach a common understanding of the opportunity or objective. To do this, one needs to clarify an issue before moving to the next issue, to take things step-by-step, as is the Vietnamese way. At the end of the conversation or meeting, one needs to sum up agreements that have been reached.
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Asia New
Surging food prices bites into stability throughout Asia: From the rice paddies of Asia to the wheat fields of Australia, the soaring price of food is breaking the budgets of the poor and raising the spectres of hunger and unrest, experts warn.
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Vietnam - US in Focus
Danang faces glut of homes: Concerns have been raised over the possible sales glut of homes in Danang as developers flock to the central city.
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