Saturday, May 31, 2014

The Business Times: Investors pour money into hotel projects, despite low occupancy rate

The Business Times: Investors pour money into hotel projects, despite low occupancy rate

Link to Vietnam Business News

Investors pour money into hotel projects, despite low occupancy rate

Posted: 30 May 2014 10:29 PM PDT

Three- to five-star hotels in Hanoi have all reported an unsatisfactory occupancy rate in the last six months, but the city expects to have 1,300 more hotel rooms by 2016. A report of Savills Vietnam, a real estate service firm, showed a low occupancy rate of 60 percent in the fourth quarter of 2013. Two […]

The post Investors pour money into hotel projects, despite low occupancy rate appeared first on Vietnam Business News.

Retail banks thrive while investment bankers gripe about low profits

Posted: 30 May 2014 10:28 PM PDT

Small banks had a "bountiful crop" in 2013 while big banks experienced lower profits. VietinBank, for example, has reported unsatisfactory business results for 2013. The bank with the biggest equity in Vietnam (over VND51 trillion) earned a pretax profit of VND7.75 trillion. This figure is considered "modest", especially in light of its low non-performing loan […]

The post Retail banks thrive while investment bankers gripe about low profits appeared first on Vietnam Business News.

“Mogul Kien” bank case: a lesson in conflict of interest

Posted: 30 May 2014 09:29 PM PDT

Tran Xuan Gia was recognized by state management agencies as president of Asia Commercial Bank (ACB), but this was on paper only. The real influential figure was Nguyen Duc Kien, dubbed "Mogul Kien", who has been prosecuted for his economic crimes. Only when Tran Xuan Gia, Nguyen Duc Kien and several other senior executives of […]

The post "Mogul Kien" bank case: a lesson in conflict of interest appeared first on Vietnam Business News.
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