Abundant liquidity key driver in OMO development

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Báo Đầu Tư English 5 day(s) ago

Abundant liquidity key driver in OMO development

During the second quarter of 2015, the State Bank of Vietnam (SBV) withdrew large amounts of funds by issuing bills. At the same time, banks had little demand for borrowing from the SBV, demonstrated by the limited value of reverse repo transactions. Ample banking liquidity, limited issuance in the primary bond market in line with large foreign capital inflows were likely the most important drivers.

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Housing credit package disbursement pushed forwards

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VietnamPlus English 1 week(s) ago

Over 22,200 households have signed borrowing contracts worth 10.1 trillion VND (466 million USD) with commercial banks under the Government’s 30 trillion VND (1.4 billion USD) housing credit stimulus scheme, said Head of the Department of Housing and Real Estate Market Management Nguyen Manh Ha.

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Vietnam to borrow additional $250mn from China for urban railway project

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Báo Tuổi Trẻ English 1 week(s) ago

Vietnam to borrow additional $250mn from China for urban railway project

Vietnam will borrow US$250.62 million more from China to partly offset the additional capital needed for the completion of the Cat Linh-Ha Dong urban railway project in Hanoi by next year following the prime minister’s recent approval.

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China's debt-to-GDP ratio just climbed to a record high

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Báo Thanh Niên English 2 week(s) ago

China's debt-to-GDP ratio just climbed to a record high

While China's economic expansion beat analysts' forecasts in the second quarter, the country's debt levels increased at an even faster pace.

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VND3,1 bil approved for higher education

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SaiGon GP English 2 week(s) ago

The Prime Minister has approved VND3,1 billion (US$142,166) for developing higher education.
The amount taken from the fund for developing higher education borrowing from the World Bank will be used to carry out investment projects to upgrade facilities and improve teaching quality .

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Asia’s rising economic stars lose luster on China’s slowdown

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Báo Thanh Niên English 2 week(s) ago

For years after the 2008 financial crisis, Asia’s rapidly expanding economies propped up global growth, with China clocking a pace of more than 9 percent, pulling along its neighbors.

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Putin calls U.S. debt ‘serious problem’ as he defends Greece

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Báo Thanh Niên English 3 week(s) ago

Putin calls U.S. debt ‘serious problem’ as he defends Greece

Russian President Vladimir Putin warned of dangers to the global economy from U.S. borrowing while saying Greece isn’t solely to blame for its debt crisis.

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Ho Chi Minh City seeks US$900m for wastewater treatment plants

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VOV News English 3 week(s) ago

Ho Chi Minh City seeks US$900m for wastewater treatment plants

The municipal administration is considering borrowing nearly US$900 million from the Asian Development Bank for building four new wastewater treatment plants.

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Ministry looks to short-term G-bonds

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VietnamPlus English 1 month(s) ago 2 related news

Ministry looks to short-term G-bonds

The Ministry of Finance plans to ask the National Assembly for permission to focus on the issue of five-year Government bonds instead of those with longer terms as originally planned.

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Ministry looks to short-term G-bonds

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VietnamNet English 1 month(s) ago 2 related news

Ministry looks to short-term G-bonds

The Ministry of Finance plans to ask the National Assembly for permission to focus on the issue of five-year Government bonds instead of those with longer terms as originally planned.

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Ministry looks to short-term G-bonds

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VOV News English 1 month(s) ago 2 related news

Ministry looks to short-term G-bonds

The Ministry of Finance plans to ask the National Assembly for permission to focus on the issue of five-year Government bonds instead of those with longer terms as originally planned.

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China cuts interest rates again to support economy

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Báo Thanh Niên English 1 month(s) ago

China cuts interest rates again to support economy

China's central bank cut its benchmark lending rates by 25 basis points to 4.85 percent on Saturday, the fourth reduction since November, as it gears up to lower borrowing costs and support a slowing economy.

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Central bank says to keep borrowing costs stable in second half of 2015

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Báo Thanh Niên English 1 month(s) ago

Central bank says to keep borrowing costs stable in second half of 2015

Interest rates are 6-9 percent for short-term loans. Photo: Ngoc Thang

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Developing countries face tough transition in 2015

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VOV News English 1 month(s) ago

Developing countries face a series of tough challenges in 2015, including the looming prospect of higher borrowing costs as they adapt to a new era of low prices for oil and other key commodities, resulting in a fourth consecutive year of disappointing economic growth this year, says the World Bank Group’s latest Global Economic Prospects (GEP) report, released on June 11.

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Despite high public debt, Vietnam continues to borrow millions for development needs

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VietnamNet English 2 month(s) ago

Despite high public debt, Vietnam continues to borrow millions for development needs

VietNamNet Bridge - Vietnam has borrowed $4-5 billion a year in the last 10 years, and the public debt has nearly hit the ceiling. However, the country will continue borrowing because it needs capital for development and investment, according to the Ministry of Finance (MOF).

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