Word: vietnamize
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Just looking at the numbers, these should be halcyon days for Vietnam's fledgling banking industry. The country's economy is booming-GDP surged 8.2% last year-and there's a vast pool of potential customers: only 8% of Vietnam's 85 million people even have bank accounts. At Sacombank, one of Vietnam's private commercial lenders, profits shot up 50% last year, and depositors doubled to 350,000. But Nguyen Quang Trung, Sacombank's deputy director, is anything but complacent. "We have to expand quickly throughout the country," Trung says. "We need to build capital. Our whole banking sector...
...Trung seems in a hurry, it's because Vietnam's financial-services industry is in for a year of tectonic change. To meet commitments Vietnam made in January upon joining the World Trade Organization (WTO), Hanoi this month is lifting restrictions on multinational banks operating in the country that prevented them from competing on an equal footing with domestic lenders. Previously, foreign banks were limited in their ability to acquire depositors and were allowed only one branch per city, among other constraints. But to get into the WTO, Hanoi promised to open its financial-services sector to the world faster...
...Ryan, a senior fellow at KSG and former military officer, has been impressed with the general reaction towards veterans. “I think the attitude at the Kennedy School is very positive towards the military and the military faculty, and this is a big change from the Vietnam era,” said Ryan...
...line, priced from $9.99 for baby shampoo to $19.99 for Milk and Oat Bath for Mom, is significantly less expensive than its higher-end counterpart. And the money donated to the WWO from Erbaorganics will be devoted to the psychological and medical needs of orphans in places like Serbia, Vietnam, Bulgaria, Azerbaijan and Ethiopia. "People approach us all the time trying to affiliate their product with our organization," says Aronson, who gave her personal stamp of approval to the brand. "Erbaviva was a great...
...predecessor the School of Americas, and their notoriety for allegedly teaching torture techniques to its students and graduating a number of infamous dictators. Hosted by Harvard College Student Advocates for Human Rights and co-sponsored by The Latino Political Coalition, Bourgeois described his experiences in the U.S. Navy in Vietnam and a missionary in Latin America. “The Unabomber graduated from Harvard, of course they didn’t shut down Harvard. But hundreds of graduates from [WHINSEC] have committed human rights violations,” Bourgeois said. “If hundreds of criminals graduated Harvard, they...