Banking reform in Vietnam

Vietnam’s banking sector is expected to have one of the highest growth rates in Asia during the next few years due to the country’s continued economic expansion, rising household incomes, and relatively low penetration of existing banking services. Over the past two decades, the Vietnamese government has undertaken a series of reforms to strengthen and modernize the sector as part of the country’s move towards a more open and marketoriented economy. Many of these reforms have also been motivated by Vietnam’s growing participation in international agreements and ongoing efforts to adopt international standards such as the Basel capital framework. Key reforms include a restructuring of the banking system, a gradual opening to foreign investment, the partial privatization of state-owned banking institutions, and measures to strengthen the capitalization of Vietnamese banks. This Asia Focus report provides an overview of Vietnam’s banking sector, reviews significant developments since the mid 1980s, and highlights key challenges to reform implementation.Banks and banking - Vietnam

Modeling and control of a plastic film manufacturing web process

This paper is concerned with the modelling of aplastic film manufacturing process and the development and implementation of a model-based Cross-Directional (CD) controller. The model is derived from first-principles and some empirical relationships. The final validated nonlinear model could provide a useful off-line platform for developing control and monitoring algorithms.A new controller is designed which has a similar structureto that of Internal Model Control (IMC) with the addition ofan observer whose gain is designed to minimise process andmodel mis-match. The observer gain is obtained by solving amulti-objective optimisation problem through the application of a genetic algorithm. The controller is applied to the nonlinear model and simulation results are presented demonstrating improvements that can be achieved by the proposed controller over two existing CD controllers

Rapidly Rotating Fermi Gases

We show that the density profile of a Fermi gas in rapidly rotating potential will develop prominent features reflecting the underlying Landau level like energy spectrum. Depending on the aspect ratio of the trap, these features can be a sequence of ellipsoidal volumes or a sequence of quantized steps.Comment: 4 pages, 1 postscript fil

Nuclear Activity and the Dynamics of Elliptical Galaxies

This paper looks for any correlation between the internal dynamics of elliptical galaxies and the relatively mild nuclear activity found in many such systems. We show that there is such a relation in the sense that the active ellipticals tend to be significantly less rotationally supported than their inactive cousins. The correlation can partly be related to the galaxies' luminosities: the brightest galaxies tend to be more active and less rotationally supported. However, even at lower luminosities the active and inactive galaxies seem to have systematically different dynamics. This variation suggests that there are significant large-scale structural differences between active and inactive elliptical galaxies, and hence that the existence of both types of system cannot just be the result of random sporadic nuclear activity.Comment: 5 pages, 3 figures. Accepted for publication in MNRA

A UV completion of scalar electrodynamics

In previous works, we constructed UV-finite and unitary scalar field theories with an infinite spectrum of propagating modes for arbitrary polynomial interactions. In this paper, we introduce infinitely many massive vector fields into a U(1) gauge theory to construct a theory with UV-finiteness and unitarity.Comment: 25 page