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Posts Tagged ‘Prime’

Central bank maintains 9 percent prime rate

In Uncategorized on December 16, 2010 at 10:06 am

The State Bank of Vietnam (SBV) has decided to keep the prime interest rate in VN$ unchanged at 9 percent per year.

The decision No. 2868/QD-NHNN, which was issued on Nov. 29, takes effect from December 1 to replace Decision No. 2619/QD-NHNN issued on Nov. 5 by the Governor of the State Bank.

This is the second consecutive month the prime interest rate remains at 9 percent. Earlier, a prime interest rate of 8 percent was applied for nearly 12 months.

Source: SGGP

Showroom to remember late Prime Minister Vo Van Kiet unveiled

In Uncategorized on November 25, 2010 at 5:19 pm




Showroom to remember late Prime Minister Vo Van Kiet unveiled


QĐND – Thursday, November 25, 2010, 20:59 (GMT+7)

On November 23rd, the Vinh Long Provincial Department of Culture, Sports and Tourism held a workshop on the late Prime Minister Vo Van Kiet to unveil a showroom to remember him.


According to the Vinh Long Provincial Museum’s plan, the commemoration house of the late PM will show people his homeland photos, his initial revolutionary career, Vo Van Kiet and the youth volunteer movement, Vo Van Kiet and artists, Vo Van Kiet and national major structures, and Vo Van Kiet and the Mekong River Delta, to name a few.


It is expected that the showroom will be opened for the public on November 23rd, 2012 on the occasion of his 90th birthday.


Source: LDO


Translated by Van Hieu


Source: QDND

Deputy Prime Minister visits Binh Dinh flood-hit residents

In Uncategorized on November 22, 2010 at 10:03 am

Francois Fillon re-named French prime minister: presidency

In Uncategorized on November 14, 2010 at 9:24 am

Prime Minister to attend G20 Summit

In Uncategorized on November 10, 2010 at 2:26 pm

Central Bank raises prime rate to 9 pct

In Uncategorized on November 6, 2010 at 7:21 am

Prime rate to remain unchanged at 8 pct

In Uncategorized on October 29, 2010 at 5:09 am

The State Bank of Vietnam decided October 27 to retain the prime interest rate for dong deposit accounts at 8 percent for the 12th consecutive month. 

Transactions conducted at an Orient Commercial Bank branch in Ho Chi Minh City (Photo: SGGP)

The refinance interest rate is set at 8 percent per annum and the discount rate at 6 percent. The overnight rate in inter-bank electronic payments, and the rate of loans to finance balances in clearing transactions between the State Bank and commercial banks are all 8 percent per annum.


The decision will take effect as of November 1, 2010.


According to the bank’s statistics, the average deposit interest rate in dong has reduced by 0.14 percent per annum on the market.
 
The current average rate is 10.44 percent per annum.
 
Commercial banks have cut their deposit interest rates by 0.1-0.2 percent points to 11 percent per annum since October 15 in accordance with their commitment to the Vietnam Banking Association.

Source: SGGP

S.Korea prime minister offers resignation

In Uncategorized on July 29, 2010 at 11:18 am

SEOUL, July 29, 2010 (AFP) – South Korean Prime Minister Chung Un-Chan offered to quit Thursday to take responsibility for the government’s failure to win parliamentary approval for a key development project.

(FILES) South Korean Prime Minister Chung Un-Chan in a file picture taken on January 11, 2010. AFP

“I’m quitting the post of prime minister, taking all the responsibility,” he said in a televised statement.


It was not immediately known whether President Lee Myung-Bak, who effectively wields power under the South Korean system, would accept Chung’s resignation after rejecting three previous offers.


Lee suffered a blow last month when parliament rejected his attempt to scrap his predecessor’s plan to relocate half the government ministries to a new city south of Seoul.


The prime minister had drawn up Lee’s alternative plan for Sejong City, which the government hoped to develop as a science, business and education hub.


But Lee secured a major political boost late Wednesday when his conservative ruling party, recovering from a humiliating defeat in last month’s local elections, unexpectedly won five of eight parliamentary by-elections.


Chung, who has been in office for 10 months, said his resignation would help the president to make a new start midway through his five-year term. South Korean presidents serve only one term.


An aide to Chung quoted by Yonhap news agency said the prime minister had decided to go to give Lee a “free hand” in an upcoming cabinet reshuffle.


The original government relocation plan was touted as promoting balanced regional development in a country where almost half the 49 million population lives in Seoul or surrounding cities.


But critics depicted it as a pork-barrel project aimed at attracting votes, which would have created administrative inefficiencies.

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Source: SGGP

Prime Minister Dung attends G20 in Toronto

In Uncategorized on June 25, 2010 at 4:45 pm




Prime Minister Dung attends G20 in Toronto


QĐND – Friday, June 25, 2010, 20:6 (GMT+7)

Prime Minister Nguyen Tan Dung, as President of ASEAN, left Hanoi for Toronto, Canada on June 25 to attend the fourth summit of the 20 major economies (G20) at the invitation of Prime Minister Stephen Harper.


This is the second consecutive year that ASEAN has been invited to the attend G20 summit. This shows that the international community is aware of the important role that ASEAN plays in the global economy.


Surin Pitsuwan, ASEAN’s General Secretary said that like China and Russia, major economies want to have a greater say in global economic management. The participation of ASEAN in the G20 also underlines that the G20 has become a more democratic forum in which ASEAN can make an active and responsible contribution to the international community.


Over the past 40 years, ASEAN has confirmed its position as a prestigious regional organization. In economic terms, ASEAN is one of the most dynamic trade centres as it has a population of 580 million with GDP reaching US$1,500 billion and total trade valued at US$1,700 billion.


ASEAN has rapidly recovered and regained its growth despite two recent economic crises. Situated in the centre of Asia, ASEAN can help to lead the global economy out of its current economic crisis.


At the G20 summit, Vietnam, as ASEAN President in 2010, will confirm the bloc’s determination to cooperate with other countries in solving issues put forward by the international community to ensure that the global economy recovers and developing sustainably.


Nguyen Phuong Nga, spokesperson for the Foreign Ministry said that Vietnam, will put forward ASEAN’s viewpoints, priorities and visions of ASEAN region for solving issues related to the global economy, strengthening links between the G20 and other groupings, especially newly-emerging and developing countries.


At the summit, the G20 and ASEAN leaders will focus on discussions on restructuring the world economy. Hopes are high that ASEAN will have a greater say in the development of the international community.


Source: VOV


Source: QDND

Late Prime Minister Vo Van Kiet lives again in new biography

In Uncategorized on June 22, 2010 at 8:34 am

A new biography on late Prime Minister Vo Van Kiet hit the shelves June 16, two years after his death on June 11, 2008.

A photo of the late PM Vo Van Kiet and his grandchild is introduced to the public for the first time in the book.

The book, titled “The Firelighter,” is a comprehensive portrait of the leader who was Prime Minister of Vietnam from 1991 to 1997 and helped Vietnam open its doors to the world.

The book is divided into four parts. The first chapter is titled “Vo Van Kiet’s Itinerary,” featuring major events in the life of the late Prime Minister.

The second part is entitled “Vo Van Kiet’s Energy” and includes stories and remarks by national leaders likely Prime Minister Nguyen Tan Dung, Hanoi Party Committee Secretary Pham Quang Nghi, and former deputy Prime Minster and Minister of Foreign Affairs Nguyen Manh Cam.

The dignitaries relate stories about Mr.Kiet’s important decisions and breakthroughs in developing the economy of the Mekong Delta and central region. They also wax poetic about the way Kiet handled the expansion of diplomatic relations.

“A People of Many People” chronicle’s Kiet’s daily activities and his family mainly through pictures. There are also stories about his interest in the Voluntary Youth Force.

The last chapter of the book, published by Youth Publishing House, consists of the late prime minister’s writings about national unity and the Vietnamese Communist Party.

Source: SGGP