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

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VietnamNet English 1 week(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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Governments can only issue bonds to raise funds for investment: economists

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VietnamNet English 1 week(s) ago

Governments can only issue bonds to raise funds for investment: economists

VietNamNet Bridge - To make up the budget deficit, the government needs to issue bonds to raise funds from the public rather than borrow money directly from the central bank, economists say.

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Government plans to borrow money from nat’l foreign exchange reserves

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VietnamNet English 3 week(s) ago

Government plans to borrow money from nat’l foreign exchange reserves

VietNamNet Bridge - The government has instructed the State Bank of Vietnam to work with relevant ministries to design a mechanism to lend money from national foreign exchange reserves to the government to serve spending.

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‘Hunger era’ in Vietnam – P4: Borrowing wheat from India, rice from Indonesia

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Báo Tuổi Trẻ English 1 month(s) ago

‘Hunger era’ in Vietnam – P4: Borrowing wheat from India, rice from Indonesia

After national reunification in 1975, Vietnam faced a serious period of malnutrition due to problems in state management and had to borrow wheat from India, rice from Indonesia along with aid from the former USSR.

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Vietnam bonds at multi-month low on banks' lower liquidity

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Báo Thanh Niên English 1 month(s) ago

Vietnam bonds at multi-month low on banks' lower liquidity

Vietnamese bond prices hit their lowest in several months as banks, major buyers of debt assets, reported lower liquidity and as the state seeks to keep down its borrowing.

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Over 40% of young Vietnamese show alcohol addiction signs: research

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

Over 40% of young Vietnamese show alcohol addiction signs: research

A research by a Vietnamese psychologist on the drinking behaviors of young Vietnamese has indicated that over 40 percent of youngsters display signs of alcohol addiction.

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Over 40% of young Vietnamese show alcohol addiction signs: research

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Báo Tuổi Trẻ English 1 month(s) ago 1 related news

Over 40% of young Vietnamese show alcohol addiction signs: research

A research by a Vietnamese psychologist on the drinking behaviors of young Vietnamese has indicated that over 40 percent of youngsters display signs of alcohol addiction.

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Vietnam should reduce ODA use - senior official

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Báo Dân Trí English 1 month(s) ago

Vietnam should reduce ODA use - senior official

Vietnam needs to reduce its use of official development assistance (ODA), restricting it to urgent and major projects, and take steps to minimise use of such foreign loans as a whole, a senior official has said.

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Tackling bottlenecks to boost bailout package

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Báo Đầu Tư English 2 month(s) ago 1 duplicate news

Tackling bottlenecks to boost bailout package

The VND30 trillion ($1.4 billion) bailout package to support the real estate market has achieved little progress against the ambitious targets set at its launching.

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Vietnam’s growth holds above 6 pct aided by gains in manufacturing

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Báo Thanh Niên English 2 month(s) ago

Vietnam’s growth holds above 6 pct aided by gains in manufacturing

Vietnam’s growth held above 6 percent in the first quarter as manufacturing supported an economy that’s still grappling with an overhang of bad debt.

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Why China wants yuan to be the world’s 5th reserve currency

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Báo Thanh Niên English 2 month(s) ago

Why China wants yuan to be the world’s 5th reserve currency

China is a step closer to obtaining Special Drawing Rights status for its currency from the International Monetary Fund, a move that would see the yuan joining the greenback, euro, yen and British pound.

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China central bank steps up easing tempo as factory activity shrinks

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Báo Thanh Niên English 3 month(s) ago

China central bank steps up easing tempo as factory activity shrinks

Weakness in China's vast manufacturing sector, aggravated by high real borrowing costs and weak demand, appears to have driven the central bank to accelerate the pace of monetary easing to ward off deflation in the world's second-largest economy.

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Earning lavish income from planting crops on empty construction land in Vietnam

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Báo Tuổi Trẻ English 4 month(s) ago

Earning lavish income from planting crops on empty construction land in Vietnam

Landless farmers have corrected the ‘waste’ of construction land left fallow for years by planting short-term crops such as watermelon.

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Vietnam may reduce lending rates with new housing stimulus package

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Báo Thanh Niên English 4 month(s) ago

Vietnam may reduce lending rates with new housing stimulus package

Vietnam's central bank plans to launch its second housing stimulus package in two years, aiming to reduce borrowing costs for home buyers to boost the sluggish market.

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Circular regulates foreign currency lending

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VietnamNet English 4 month(s) ago

Circular regulates foreign currency lending

The State Bank of Viet Nam (SBV) recently issued Circular No. 43/2014/TT-NHNN (December 25, 2014) on lending in foreign currency by credit institutions and foreign bank branches to residents. The circular applies to credit institutions and foreign bank branches authorised to conduct foreign-exchange activities and lending foreign currency to Borrowers (Lender), and residents borrowing from Lenders (Borrowers).

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