China pumps $17 bn into banks for economic boost

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Báo Thanh Niên English 2 week(s) ago

China pumps $17 bn into banks for economic boost

China's central bank has made $17 billion available to more than a dozen financial institutions to help boost the economy, it said Wednesday, a day after injecting nearly $100 billion into two government policy banks.

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Finance ministry’s proposal to borrow VND30 trillion raises worries

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VietnamNet English 1 month(s) ago

Finance ministry’s proposal to borrow VND30 trillion raises worries

VietNamNet Bridge - The Ministry of Finance (MOF) has asked the State Bank of Vietnam (SBV) to lend VND30 trillion to the state budget. Both MOF and SBV said the borrowing was not prohibited by current laws.

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Finance ministry wants VND30-trillion loan from c.bank

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VietnamNet English 1 month(s) ago

The Ministry of Finance intends to take out a loan of VND30 trillion (US$1.37 billion) from the State Bank of Vietnam (SBV) to finance the State budget deficit.

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Abundant liquidity key driver in OMO development

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Báo Đầu Tư English 1 month(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 month(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 month(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 1 month(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 1 month(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 1 month(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 2 month(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 2 month(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 2 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 2 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 2 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 2 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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