BIDV research team proposes national mortgage companyHong Phuc By Hong Phuc - The Saigon Times Daily HCMC – A national mortgage company, if established, would help settle the high volume of unsold property products, develop a housing market for low-income earners and solve the problem of medium and long-term capital for the real estate market. This is the suggestion of experts from the research center of Bank for Investment and Development of Vietnam (BIDV). As per a report of the research team, the mortgage company can mobilize ODA capital and issue government-guaranteed bonds in a bid to buy home loans with terms of up to tens of years from financial institutions in the primary mortgage market. Then, the company can issue securities based on home mortgage loans (securitize home mortgage loans) and thus play a role of a channel leading medium and long-term capital from the capital market to the mortgage market. In addition, the company can provide the property market … [Read more...] about BIDV research team proposes national mortgage company
National lead company
Russian government to sell more shares in leading companies
The Russian government was expected to approve a broad privatization plan within the next two months, First Deputy Prime Minister Igor Shuvalov said on Monday. "We are going to draft a timetable (of the privatization) with (Prime Minister) Vladimir Putin during the coming six to eight weeks," Shuvalov said. He noted that the privatization plan is broader than what President Dmitry Medvedev ordered in last June. Among the enterprises the government plans to sell out, Shuvalov mentioned commercial shipping company Sovkomflot, Novorossiysk Sea Port, Sberbank and VTB Bank and Moscow's major airports of Sheremetyevo and Vnukovo. "All these projects should be started in 2012," he said. The Russian government approved in 2010 a three-year privatization plan aimed at raising some 1 trillion rubles (33.5 billion dollars) in budget income through cutting its stakes in lucrative assets. By 2017, the government plans to sell completely or dramatically decrease its shares in "national flagships" … [Read more...] about Russian government to sell more shares in leading companies
Tourism and Camping Asia (TCAAÂ07): Rendezvous for Leading Tourism Trademarks
Tourism and Camping Asia (TCAAÂ07): Rendezvous for Leading Tourism Trademarks With the purpose of creating conditions for domestic and international tourism and travel firms to meet and share business opportunities, the Hotel Department and the Tourism Promotion Department under the Vietnam National Administration of Tourism, and the GFC Communication and International Trade Fair Company, jointly organised Tourism and Camping Asia (TCA’07) from April 20-24, 2007 at Giang Vo Exhibition Centre, Hanoi. This is the first time Tourism and Camping Asia is opened in Hanoi. Unlike other trade fairs and exhibitions, TCA fairs are professionally organised from the preparatory steps, reception and attendance of visitors. According to Ms Angela Mai, Project Director of GFC Communication and International Trade Fair Company, the five-day trade fair is professionally arranged to facilitate visitors and companies having the quickest access to their areas of interest. The organising … [Read more...] about Tourism and Camping Asia (TCAAÂ07): Rendezvous for Leading Tourism Trademarks
VCCI to Lead EU Market Survey Delegation
VCCI to Lead EU Market Survey Delegation The Vietnam Chamber of Commerce and Industry (VCCI) will organise an EU market survey and research programme from May 11 to 22, 2011. This event aims to support Vietnamese companies to know more about the potential EU market, offer opportunities of business cooperation and exchange for Vietnamese companies, as well as contribute to promoting Vietnam - EU economic cooperation. The visiting delegation will meet with companies and business supporting associations in EU nations. Attending companies will also have the chance to survey markets by visiting trading, exporting and importing centres as well as explore business environments and consumer cultures of EU nations. The European Union is now the second largest importer of Vietnam’s goods. In 2010, Vietnam's exports to the EU valued at nearly US$12 billion, up nearly 16 percent from 2009. This fact confirms that the EU has been, and will be, a potential market for the Vietnamese business … [Read more...] about VCCI to Lead EU Market Survey Delegation
World’s top national theaters to perform in Korea
The National Theater of Korea, the first of its kind in Asia when it was established in 1950, has been staging a wide variety of affordable performing arts pieces to the public for over half a century. Last year, it tried something broader.It hosted the world's one and only festival dedicated to stepping up cultural exchanges between the national theaters of different countries to provide the audience with opportunities to experience the unique cultures and trends in the international arts scene by inviting representative performers from several national organizations. At the same time, it promoted prominent Korean performing arts troupes to the world's top theaters. The festival focuses on bringing already well-known productions that are universally popular, rather than focusing on inviting new and sometimes unconventional performances. The outcome of last year's festival was more than satisfactory, with more than 30,000 audience members having seen one of the 14 performances … [Read more...] about World’s top national theaters to perform in Korea