Grim warning for local banking sector

A customer completes a transaction at an Asia Commercial Bank branch in Ho Chi Minh City’s District 1

With lending activities expected to generate less profit and bad debt tipped to rise, the local banking sector is facing a testing time this year, experts and bankers say.

Vietnam’s credit growth in 2008 was 22 [...]

Car sales fall hurts local dealers

Car dealers have said demand could be slow for the rest of the year after the government’s August decision to triple registration fees to 15 percent of a car’s purchase price.

Sales of new cars have plummeted in recent months, prompting many dealers in Ho Chi Minh City to sell cars below cost in a bid [...]

Local IT training just not worth it: meeting

Students from Ho Chi Minh City’s University of Natural Sciences, one of Vietnam’s leading IT trainers.

IT training in most Ho Chi Minh City centers is still wasteful as only a few graduates can meet businesses’ requirements, said IT industry insiders at a conference.

A recent meeting on information technology (IT) development highlighted [...]