He informed that even peasants were working on cases where remains are scattered in the forests or in the sea. He knows that in an election year - things are quite difficult to push further. Vietnam and its creditors For Vietnam, an agreement would further open the door for its fast-growing economy to the international capital markets. Earlier in Hanoi, central bank governor Cao Si Kiem announced that the London Club talks would resume on May 14-15 and that he hoped for agreement in the third quarter. A key sticking point is Vietnam's insistance on forgiveness of half the outstanding principal, in line with an earlier accord with the Paris Club of government creditors.
Banks are adamant that is too much.
News of next week's talks had little impact on Vietnam's foreign debt on the secondary market, where it is trading at around 80 percent of face value. A banker with one creditor said that if the talks dragged on much longer, his bank would consider going it alone and suing to recover its money. More than half the debt is in overdue interest which is not forgiven and bankers said the squabbling over how much principal to write off had more to do with dogmatism than need. CGTD offers a publication dedicated to Banking, Finance and Insurance sector of Vietnam - with a report and directory of all companies. Andrei Konchalowski, a Russian, is set to direct a U.S. movie to begin shooting in Vietnam in October, marking the first time an American picture has been filmed in the Southeast Asian nation.