Brexit fallout to cost UK extra £122b over five years

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Báo Đầu Tư English 1 week(s) ago

LONDON: Brexit will spark an economic slowdown and ravage public finances, forcing a multi-billion-pound spike in state borrowing over the next five years, a gloomy mini-budget revealed on Wednesday (Nov 23).

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Gov’t gives Đà Nẵng more autonomy

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Báo Đầu Tư English 1 month(s) ago

The Government has issued special regulations concerning investment, budgetary status and decentralisation Da Nang in order to help the central coastal city boost growth.

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ODA interest rates to increase

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Báo Dân Trí English 1 month(s) ago

ODA interest rates for Vietnam may increase to 2%-3.5% starting from next July as preferential ODA loans end.

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Top bank denies builders' cheap loans

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Báo Đầu Tư English 2 month(s) ago

Top bank denies builders' cheap loans

The deadline for social housing developers who signed borrowing contracts before March 31, 2016 to get cheap loans from the VND30 trillion stimulus package will not be extended to December 31 this year as they wished. However, capital disbursement for low-income buyers still continues.

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Asia markets mostly fall but weak yen boosts Tokyo

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Báo Đầu Tư English 3 month(s) ago

Asia markets mostly fall but weak yen boosts Tokyo

HONG KONG: Tokyo stocks rallied Wednesday (Aug 31) as the yen fell further against the dollar on US interest rate talk but most other Asian markets struggled as investors were spooked by the prospect of higher borrowing costs in the world's top economy.

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Bangkok Bank targets 18 percent growth in Vietnam: report

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Báo Thanh Niên English 6 month(s) ago

Bangkok Bank, Thailand’s largest lender by assets, has more than tripled its registered capital in Vietnam as it targets an ambitious loan growth of 18 percent this year.

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Vietnam's consumer loans see 5-year high growth, top $15 billion

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Báo Thanh Niên English 7 month(s) ago

Driven by a "significant" change in Vietnamese borrowing behavior and high demand for housing loans, loans in Vietnam's consumer finance market rose 44.1 percent to US$15.12 billion in 2015, according to new data.

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Circular tightens offshore borrowings

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Báo Đầu Tư English 8 month(s) ago

Circular tightens offshore borrowings

A circular containing new regulations on offshore borrowing took effect on April 15, expanding the central bank’s control over offshore borrowings to short-term loans. Doan Tu Tich Phuoc, lawyer at Duy Long Legal LLC, provides some insight on the topic.

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Official goes to high places with a borrowed diploma

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Báo Dân Trí English 8 month(s) ago

Official goes to high places with a borrowed diploma

Fake certificates are not rare in Vietnam, in fact, the forgery market is so rampant that one official with a borrowed diploma to ascend the career ladder claimed that he thought it was no big deal.

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Who will lose out when Vietnam's government increases borrowing?

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Báo Thanh Niên English 8 month(s) ago

Who will lose out when Vietnam's government increases borrowing?

Financing has always been one of the biggest issues for businesses in Vietnam, but economists now warn that it can be even much harder for the private sector to secure bank loans in the months ahead because of a major cash-thirsty competitor: the government.

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Fisheries firm execs arrested for fraud loans worth millions

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Báo Thanh Niên English 8 month(s) ago

Fisheries firm execs arrested for fraud loans worth millions

The Ministry of Public Security has arrested the director of a fisheries company in Can Tho city and his accountant for fraudulently borrowing millions of dollars from banks and cooking their company’s books to conceal their wrongdoing.

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HAGL attempts to offset home losses by foreign expansion

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Báo Đầu Tư English 8 month(s) ago

HAGL attempts to offset home losses by foreign expansion

Hoang Anh Gia Lai Group (HAGL) continues to expand to foreign markets in the context of its troubling business results at home.

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Vietnam to change ODA allotment rule for better money use

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Báo Tuổi Trẻ English 9 month(s) ago

Vietnam to change ODA allotment rule for better money use

The Vietnamese government is changing the way official development assistance (ODA) loans it borrows from global sponsors are distributed to local-level administrations in the hope of ensuring the money is spent more effectively.

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Students borrow high-rate loans from illegal lenders

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VietnamNet English 10 month(s) ago

Students borrow high-rate loans from illegal lenders

VietNamNet Bridge – Students borrowing money with high interest rates from illegal lenders who provide easy loan procedures may face complicated consequences.

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Interbank market rates remain high

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Báo Đầu Tư English 10 month(s) ago

Interbank market rates remain high

Interbank market rates rose steeply from November to December 2015. They reached a two-year peak at five per cent per annum, and remained high till the end of the year at rates that were the same as the borrowing cost of reverse repos via open market operations.

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