Word: businessese
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Multinational bankers are upbeat about their prospects because there is plenty of low-hanging fruit in this woefully underdeveloped market. Vietnam, which is modernizing parts of its communist economy through China-style free-market reforms, has no credit bureau and only a rudimentary system of deposit insurance. Consumer lending is...
With foreign banks entering the market and Vietnam's biggest banks cleaning up their acts, the smallest private banks are likely to feel the squeeze. Foreign institutions will skim the cream of the wealthiest customers and least-risky loans, while the restructured state banks will be going after smaller accounts...
The group seeks “to raise awareness among consumers, businesses, and government agencies of the importance of buying locally,” according to the group’s Web site.
Nor did President Roh Moo Hyun, who sent at least three messages of condolence to the U.S. and gathered aides for an emergency meeting on Wednesday morning, once it became widely known on the peninsula that the shooter was a South Korean student who moved with his struggling parents to...
Slim, fairly or not, is often fingered for some of the obstacles facing Mexico's underdogs. According to the Paris-based Organisation of Economic Cooperation & Development, for example, Telmex, which is the flagship of Slim's Grupo Carso and which controls 90% of Mexico's telephone market, charges small businesses...