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PRESS DIGEST - Vietnam newspapers - May 15

Wed May 14, 2008 10:06pm EDT
 
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HANOI, May 15 (Reuters) - These are some of the leading stories in the official Vietnamese press on Thursday. Reuters has not verified these stories and does not vouch for their accuracy.

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FINANCIAL NEWS:

TUOI TRE

-- The Vietnam Association of Financial Investors has proposed the central bank to allow commercial banks to sell a maximum 5 percent of their registered capital to foreign investors without permission.

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THANH NIEN

-- Bank loans in Vietnam have been expensive, with rates of 1.5 percent to 1.6 percent per month while borrowers also complained they have to pay extra fees of up to 4.8 percent in order to secure a loan.

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