Financing has always been one of the biggest issues for businesses in Vietnam, but economists now warn that it can be even much harder for the private sector to secure bank loans in the months ahead because of a major cash-thirsty competitor: the government. Speaking to Thanh Nien, economist Pham Chi Lan said when the government issues more bonds, it will absorb a large part of the country's lending capacity. Banks and other organizations will spend a lot of money buying them, and in the end have no money left for businesses, she said. As a large borrower, the government can easily compete with businesses in taking out loans by offering higher interest rates, she said. When businesses cannot borrow money, they will struggle and have no money to pay taxes, which means state revenue will fall and the government will have to borrow more, repeating that cycle, according to Lan. Cao Si Kiem, a former governor of the central bank, seemed to share the same view. He said businesses are … [Read more...] about Who will lose out when Vietnam’s government increases borrowing?
Lose voice easily
VietNamNet Bridge - Under international law, the fact that the Nguyen Dynasty or the French colonialists did not regularly or positively exercise sovereignty in the Hoang Sa Archipelago (Paracel Islands) does not mean that Vietnam gives up its sovereignty over this archipelago. Vietnamese American space scientist Thai Van Cau made a presentation on the East Sea at a seminar on the East Sea dispute held in the central province of Quang Ngai recently. The study raises a number of critical aspects of international law and historical evidence to prove Vietnam’s sovereignty over the Hoang Sa. VietNamNet Bridge would like to introduce Mr. Cau’s article. In a meeting on the sidelines of the Nuclear Summit in late March 2014 in The Hague, the Netherlands, Chinese President Xi Jinping urged the U.S. "to have a fair and objective attitude, clearly define right and wrong and do more to find appropriate solutions and improve the situation in the disputes in the South China Sea … [Read more...] about Vietnam has never given up sovereignty over Hoang Sa
PM okays expansion of road to Cambodia The HCMC government has got the Prime Minister’s nod for a plan to call for investment to expand National Highway 22 that runs through the city and Tay Ninh Province and connects to Cambodia under the build-operate-transfer (BOT) form. In December last year, the city government wrote to the Prime Minister seeking approval for the investment plan as National Highway 22 is a major road that connects localities in the Southern Key Economic Zone of Vietnam and some other ASEAN nations but it is narrow. The city said National Highway 22 plays a vital role in fueling economic development in the Southern Key Economic Zone and facilitating cargo transportation from the southeastern and southwestern provinces to Cambodia and other ASEAN nations through Moc Bai border gate in Tay Ninh Province. Therefore, it is urgent to upgrade and expand the highway. The Prime Minister told HCMC to closely work with the Ministry of Transport, Tay Ninh and relevant … [Read more...] about Social News 23/2
Myanmar opposition leader Aung San Suu Kyi launched her campaign on Tuesday for the first free general election since the end of military rule saying it was a crucial turning point and calling on the global community to monitor the outcome. In a video message posted on her National League for Democracy's (NLD) Facebook page, Nobel laureate Suu Kyi said the Nov. 8 election should be free and fair, but "even more important" would be the transition period that follows. The NLD is expected to win the election, which marks a major shift in Myanmar's political landscape, giving a platform to democratic activists shut out of public life during nearly half a century of strict military rule that ended in 2011. The NLD won an election in 1990 with a landslide but the junta did not recognize the result. "For the first time in decades, our people will have a real chance of bringing about real change. This is a chance that we cannot afford to let slip," said Suu Kyi. "A smooth and tranquil … [Read more...] about Myanmar’s Suu Kyi calls for free and fair elections as campaign starts
by Chu Lan Huong Palestinian leaders plan to seek full membership of the United Nations next week, despite the very real threat of a US veto. If recognised, Palestine (which is now an observer) would be allowed to vote at the UN and would be given access to various agencies, most notably the International Criminal Court (ICC). Israel predictably responded by sending letters to some 40 world leaders urging them not to vote in favour of the Palestinians' bid to gain UN membership. The Palestinians want to establish their state based on the 1967 borderline, and pledge to peacefully co-exist with neighbouring Israel. It has been 20 years since the international community attempted to initiate peace in the Middle East at the Madrid Conference. The attempt failed and the Palestinian people have come no close to establishing their own state, and peace seems as elusive as ever. Peace talks between the Palestinians and Israel have faltered on numerous occasions. This latest attempt to gain … [Read more...] about Palestine struggles closer to statehood