Government says it will not act as guarantor for financial institutions

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VietnamNet English 2 month(s) ago

Government says it will not act as guarantor for financial institutions

The Ministry of Finance (MOF), which is drafting a decree on public debt management, plans to remove the policy on giving government guarantees for loans from financial institutions.

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HCM City needs US$1.1bln for flood management

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VietNam News English 3 month(s) ago

HCM City needs US$1.1bln for flood management

The HCM City People's Committee will borrow about VND23 trillion (US$1.1 billion) from international banks to fight floods this year, said committee Chairman Le Hoang Quan.

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Comedian Thuy Nga's husband to sue for defamation

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Báo Dân Trí English 4 month(s) ago

Comedian Thuy Nga's husband to sue for defamation

Vietnamese American comedian Thuy Nga's husband has said he will sue her for defamation, alleging lies she has told about him and their marriage have seriously damaged his livelihood.

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Phu Yen finances flood-proof houses

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VietnamPlus English 4 month(s) ago

The central province of Phu Yen has allocated 4.8 billion VND (220,000 USD) for 336 of its impoverished households to build flood-proof houses this year.

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More banks included in soft home loan package

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VietNam News English 4 month(s) ago

The Government included eight more joint stock commercial banks in its VND30 trillion (US$1.395 billion) preferential home loan package as of January 7 this year.

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Will lending in foreign currencies be stopped sooner than expected?

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VietnamNet English 5 month(s) ago

Will lending in foreign currencies be stopped sooner than expected?

VietNamNet Bridge – Businesses are “reading between the lines” and assuming that they will not be able to borrow money in foreign currencies from early 2015.

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New land policy clips IZ developers’ wings

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VietnamNet English 6 month(s) ago

New land policy clips IZ developers’ wings

VietNamNet Bridge – Infrastructure developers and enterprises in IZs say that the government’s new land policy has caused them serious difficulties.

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Vietnam students run, read from mobile libraries

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Báo Tuổi Trẻ English 6 month(s) ago

Vietnam students run, read from mobile libraries

A university student in central Vietnam’s Thua Thien- Hue Province has run a sidewalk library for free, while many students of an elementary school in Ho Chi Minh City have read voraciously from their school’s book closets in the past three years.

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Central bank seen fueling old China as banks hold key to policy success

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Báo Thanh Niên English 6 month(s) ago

Central bank seen fueling old China as banks hold key to policy success

China’s central bank said its surprise move to cut interest rates for the first time since 2012 is designed to help small firms and protect depositors instead of all-out monetary easing. How the nation’s lenders respond will determine if it works out that way.

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SMEs still unable to access bank loans

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VietNam News English 6 month(s) ago 1 related news

SMEs still unable to access bank loans

Only 30 per cent of small- and medium-sized enterprises (SMEs) have access to bank loans while the rest have to use their own capital or borrow from other sources at high interest rates.

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High school teacher dismayed about students’ lack of life skills

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VietnamNet English 6 month(s) ago

High school teacher dismayed about students’ lack of life skills

VietNamNet Bridge – An informal survey of students’ life skills found that 12th graders lack general knowledge which they should have learned many years ago, according to Tran Dinh Tro, a math teacher at Huong Son High School in Ha Tinh Province, who conducted the survey of the best students at his school.

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Cutting interest rates help boost growth

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VietnamPlus English 7 month(s) ago

The State Bank of Vietnam lowered interest rates on short-term deposits and ceiling interest rates on loans in a bid to boost bank loans, the English language version of the Nhan Dan (People) newspaper reported.

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Vietnam’s Long Thanh airport to cost $18.7bn, transport ministry tells lawmakers

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Báo Tuổi Trẻ English 7 month(s) ago 2 related news

Vietnam’s Long Thanh airport to cost $18.7bn, transport ministry tells lawmakers

The total capital required to build the new Long Thanh International Airport in the southern province of Dong Nai is estimated at US$18.7 billion for all three phases, Vietnamese lawmakers were informed Tuesday.

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MOF suggests forgiving businesses’ tax debts

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VietnamNet English 7 month(s) ago

MOF suggests forgiving businesses’ tax debts

VietNamNet Bridge – The Ministry of Finance (MOF) has proposed to absolve tax payments for businesses that have had financial difficulties over the last five years. The total amount could reach VND4.8 trillion.

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Interest rate risks hide behind home loans in Vietnam

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Báo Đầu Tư English 8 month(s) ago 1 related news

Interest rate risks hide behind home loans in Vietnam

Many banks are offering credit packages that allow homebuyers to borrow up to 70 percent of the value of the apartment they want to purchase, but there are risks behind these seemingly attractive lending plans.

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