Gov’t determined to fix weak banks

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Báo điện tử CP English 3 day(s) ago 1 related news

VGP – The Government has drastically fixed weak banks and non-performing loans to ensure the safety of the banking system, Deputy PM Truong Hoa Binh told legislators on Monday.

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Bad debts at $7b until March 31

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Báo Đầu Tư English 2 day(s) ago 1 related news

Total non-performing loans (NPLs) of the entire credit institutions (CI) system until March 31, 2017 were VND160 trillion (US$7 billion).

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Tentative banks slow hi-tech agricultural credit package

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Báo Đầu Tư English 4 day(s) ago

There is a VND130-140 trillion ($5.72-$6.16 billion) credit package for hi-tech agricultural projects, however, few firms have been able to access it due to cautious banks.

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Interest rate for social housing loans

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Báo Đầu Tư English 1 week(s) ago

The Việt Nam Bank for Social Policies (VBSP) interest rate for social housing loans in 2017 will be 4.8 per cent per annum, or 0.4 per cent a month, according to a decision just signed by Prime Minister Nguyễn Xuân Phúc.

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Non-performing loans at banks vary

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Báo Đầu Tư English 1 week(s) ago 1 related news

The ratio of non-performing loans (NPLs) at banks in the first quarter of this year is was varied, according to a daily report by Bao Viet Securities Corp (BVSC).

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More banks to repurchase bad debts from VAMC

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Báo Đầu Tư English 1 week(s) ago

After a period of actively selling non-performing loans to the Việt Nam Asset Management Company (VAMC), banks are buying back the debts from the VAMC to self-handle.

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DPM greets WB Country Director in VN

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Báo điện tử CP English 1 week(s) ago

VGP – Deputy PM, FM Pham Binh Minh hosted a reception for World Bank (WB) Country Director in Viet Nam Ousmane Dione to discuss progress of WB-funded projects in the country in 2017 on May 11 in Ha Noi.

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Requirements for localities to access on-lending ODA loans

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Báo điện tử CP English 2 week(s) ago

VGP – The Government has recently issued Decree No. 52/2017/ND-CP on on-lending of the Government’s foreign loans to the People’s Committees of provinces and centrally run cities (below referred to as the provincial-level People’s Committees), specifying the requirements for the provincial-level People’s Committees to access on-lending official development assistance (ODA) and preferential loans.

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Hanoi-Hai Phong Expressway investor grieves over lack of support

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Báo Dân Trí English 2 week(s) ago

The investor in the Hanoi-Hai Phong Expressway, the Vietnam Infrastructure Development and Finance Investment JSC (VIDIFI), said they were incurring huge losses while the government support package is no where to be seen.

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Gov’t to borrow over US$15 billion in 2017

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Báo điện tử CP English 3 week(s) ago

VGP - The Government plans to borrow VND 342,06 trillion (more than US$15 billion) this year, according to a scheme approved recently by Prime Minister Nguyen Xuan Phuc.

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Gov’t specifies re-lending ratio of ODA, preferential loans to local authorities

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Báo điện tử CP English 3 week(s) ago 11 related news

VGP - The Government has recently promulgated Decree No. 52/2017/ND-CP on re-lending of Government’s ODA loans and preferential loans to provincial People's Committees.

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Korean banks expand in Vietnam

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Báo Đầu Tư English 1 month(s) ago

Following Shinhan Vietnam’s successful acquisition of ANZ Vietnam’s retail business, fellow Korean banks have also expanded their sizes and market share in Vietnam, seizing the lead in the foreign bank race on the Vietnamese market.

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Public debt ceiling set at 65 percent of GDP for 2016-2018

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SaiGon GP English 1 month(s) ago

Vietnam is targeting keeping public debt, comprising central government debt, government-backed loans, and local government debt, below 65 percent of GDP between 2016 and 2018.

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Government passes 2016-2018 debt management program

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Báo điện tử CP English 1 month(s) ago

VGP – The PM has ratified the 2016-2018 medium-term debt management program, targeting to keep public debt (government debt, government-guaranteed debt and local government debt) at no more than 65% of gross domestic product (GDP).

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Gov’t to tighten public debt management

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Báo điện tử CP English 1 month(s) ago

VGP – PM Nguyen Xuan Phuc has approved a debt management program for the 2016-2018 in a bid to keep public debt under 65% of the gross domestic product (GDP) to ensure the safety of the national financial system.

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