Vietnam latest news

        Here are today’s top news, analysis and opinion at 9AM. Know all about the latest news and other news updates from Hindustan Times.Sharad Pawar-Sonia Gandhi meet on fate of alliance with Sena todayAlthough Pawar said on Friday that the three-party government will be formed and will last for five years, Congress leaders said the final decision is yet to be taken. Cancellation of scheduled visits of state leaders from Shiv Sena, Congress and NCP to Raj Bhavan on Saturday and a meeting between Pawar and Gandhi on Sunday added to the uncertainty. Read more.Winter Session of Parliament starts today, govt-opposition face-off likely on economy, J-KThe Winter Session of Parliament will start on Monday as the government will seek to pass more than 30 bills amid the opposition’s plan to raise the detention of political leaders in Jammu and Kashmir, a slowing economy, rising unemployment and farmers’ distress among others. Read more.Inside the … [Read more...] about News updates from Hindustan Times: Sharad Pawar-Sonia Gandhi meet on fate of alliance with Sena today and all the latest news at this hour

        Here are today’s top news, analysis and opinion at 9 PM. Know all about the latest news and other news updates from Hindustan Times.‘Didn’t expect to hear it in Patna’: Bill Gates talks climate change with Nitish KumarPhilanthropist billionaire Bill Gates, who co-chairs the Bill and Melinda Gates Foundation, on Sunday, said that global economies needed to change to get carbon emissions down to zero to rein in the challenges posed by climate change. Read more‘Everything will be fine’: What Amit Shah told Ramdas Athawale about MaharashtraAmid the impasse over government formation in Maharashtra, Union Minister Ramdas Athawale on Sunday indicated that the BJP and the Shiv Sena will come together to form the government in the state despite the two allies breaking off. Read moreAt all-party meet, Opposition points to economy and Jammu and Kashmir; PM Modi says ready to discussAhead of Parliament’s winter session, … [Read more...] about News updates from Hindustan Times at 9 pm: ‘Didn’t expect to hear it in Patna’: Bill Gates talks climate change with Nitish Kumar and all the latest news at this hour

Vietnam’s banks are having difficulties meeting Basel II standards, including the quality of database, the qualifications of staff, technology infrastructure, training, and budget for consultants. By mid-April 2019, three more banks, Military Bank, TP Bank and VP Bank, had been allowed to apply ahead of time the capital adequacy ratio (CAR) in accordance with State Bank of Vietnam’s (SBV) Circular No 41 (Basel II’s CAR – the standard method). As such, six commercial banks have applied Circular No 41 ahead of time, namely Vietcombank, VIB, Military Bank, VP Bank, OCB and TP Bank. These include two banks – TP Bank and OCB – which were not appointed by SBV to pilot the application of Basel II. This, as commented by analysts, show that Vietnam’s commercial banks have taken the initiative in all their operations, from bad debt settlement to information system upgrading and risk management. Under the Vietnam’s banking sector development … [Read more...] about Vietnam’s banks strive to meet Basel II standards

Vietnam is now the leader in Southeast Asia’s solar photovoltaic (PV) market with the largest installed capacity in the region, Wood Mackenzie said in its statement. A solar power project in Ninh Thuan Province. According to research by Wood Mackenzie, Viet Nam’s cumulative solar PV installation will hit 5.5 gigawatts (GW) this year, making up 44 per cent of Southeast Asia’s total capacity, compared to just 134 megawatts (0.134 GW) in 2018. Under the feed-in tariff (FIT) programme, Viet Nam awarded projects at US$93.50 per megawatt hour (MWh) for solar PV projects connected before the end of June 2019. While bankability concerns existed, the project economics were attractive, delivering equity internal rate of returns in the mid-teens. “Regional and local IPPs (Independent Power Producers) and developers felt comfortable taking on the risk, and the projects received financing from regional and local banks,” said Wood Mackenzie solar analyst Rishab … [Read more...] about Wood Mackenzie: Vietnam becomes Southeast Asia’s hottest solar PV market

Vietnam is following a skeptical interest rate policy, with few and minor adjustments. More central banks have cut prime interest rates in a trend of loosening monetary policies worldwide. The Australian central bank has for the second time in the last month slashed the interest rate. And the Indian central bank has eased the interest rates for the third time this year. The central banks of Japan, the UK and the EU have not made adjustments, but are showing signs of considering and getting ready to ease interest rates to maintain the economic growth, especially after the US FED decided to maintain interest rate in the June meeting. The monetary loosening was a big surprise to many analysts. Prior to that, in 2018, many monetary policy operators raised the interest rates. How about Vietnam? Kim Chi  Banks cut priority loan interest rates Soon after the US announced a 0.25 % cut in the benchmark interest rate on July 31 seven Vietnamese banks, including … [Read more...] about Vietnam cautious about interest rate policy