Word: vietnamize
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...Truong Tran all presented readings to the audience gathered in Ticknor Lounge. Sollors provided opening remarks and introduced the first reading, Andrew Lam’s “Child of Two Worlds,” an angst-ridden autobiographical sketch of the author’s exile from Vietnam and his coming of age in America, from his essay collection “Perfume Dreams.” “His writing represents the inevitability of some form of American assimilation that, while it is still taking place, we no longer have a good metaphor for. We keep...
...billion in bad debts. But Thuy says state-owned banks are in better financial shape than is commonly believed. Nonperforming loans have been cut from 20% to as low as 3%, he says. Industry experts say the real number is probably three times that, but admit Vietnam has made progress in reducing bad loans. "It's not a China-like situation," says Alain Cany, chief executive for HSBC in Vietnam. (Up to 50% of the loan portfolios of China's big state-owned banks were nonperforming when the country joined the WTO, according to Standard & Poor...
...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, issuing credit cards and loaning money to small- and medium-sized Vietnamese companies. Cany predicts the number of private banks in Vietnam will fall by at least half to less than 20 within five years due to failure or merger. Their only hope is to expand their reach and sophistication...
...Britain's consul general in Hanoi during the Vietnam War, Stewart grew up in Hong Kong, Malaysia and Scotland before joining the Foreign Office himself and serving in Indonesia and Montenegro. In 2000, he took two years off to walk 9,600 km across Iran, Afghanistan, Pakistan, Nepal and India, seeking to better understand the countries now so important to the West. Then, for 11 months he served as deputy governor of a southern Iraqi province under the Coalition Provisional Authority-a stint that yielded the searingly honest The Prince of the Marshes: And Other Occupational Hazards of a Year...
Each April 25, on ANZAC Day, Australians honor the valor of their soldiers in wars past and present. In recent years, thousands of troops-more than at any time since Vietnam-have served in harm's way in Iraq and Afghanistan, and their actions have won praise at home and abroad. But one soldier's fate suggests that once they leave the military, some veterans face a hard and lonely time...