Public debt inches down 1.9pct y-o-y: Govn’t

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Báo Tuổi Trẻ English 6 month(s) ago 1 related news

Public debt inches down 1.9pct y-o-y: Govn’t

As of December 31, 2011, the total outstanding public debt of Vietnam was at VND1,391 trillion (US$66.8 billion), or 55.4 percent of Vietnam’s gross domestic product (GDP), down 1.9 percent compared to 2010, according to a recent report of the government.

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European stocks mixed, Frankfurt sets new record

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VietnamNet English 1 week(s) ago

European stocks mixed, Frankfurt sets new record

Europe's main stock markets were mixed but Frankfurt set yet another record on Thursday while the euro eased against the dollar as traders digested the Bank of England's keeping its main interest rate unchanged, and booked some profits after several days of gains.

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Spanish treasury raises 4.57 bln euros in bond auction at lower costs

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VietnamNet English 1 week(s) ago

Spanish treasury raises 4.57 bln euros in bond auction at lower costs

The Spanish treasury sold on Thursday 4.57 billion euros (5.99 billion U.S. dollars) in treasury bonds, paying lower borrowing costs than in the previous auction.

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Where have the deposits gone?

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VietnamNet English 2 week(s) ago

Where have the deposits gone?

VietNamNet Bridge – Commercial banks have reported the steady increase in the mobilized capital so far this year. Meanwhile, businesses keep complaining that they lack capital to maintain production and expand business scale.

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How big is Vietnam’s public debt, $128.9 or $66.8 billion?

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VietnamNet English 2 week(s) ago

How big is Vietnam’s public debt, $128.9 or $66.8 billion?

VietNamNet Bridge – The economic development model which relies much on the investment capital increase is believed to be the “culprit” that causes the high public debt.

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Soft loans better than State subsidies for price stabilizers

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SaigonTimes English 1 month(s) ago

HCMC – The 2013-2014 price stabilization program has been in place for half a month in the city now, and this is the first time enterprises joining the program take out soft loans from banks rather than seeking subsidies from the State budget.

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Vietnam banks demur as yet another deposit rate cut looms

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Báo Thanh Niên English 1 month(s) ago

A government advisory committee has said a further cut in deposit rates is possible in the current economic situation and will boost borrowing, something that earlier cuts failed to do.

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Lending services swindle borrowers

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Báo Tuổi Trẻ English 1 month(s) ago

Service providers say they will assist customers in borrowing bank loans while what they actually do is steal the latter’s service fees.

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Businesses turn to black market for capital

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Báo Dân Trí English 1 month(s) ago

Businesses turn to black market for capital

Businessmen have resorted to illegally borrowing capital at extremely high interest rates, often known as “black credit", leaving them to sink deeper into difficulty.

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Vietnam cuts interest rates to aid growth after inflation slowed

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Báo Thanh Niên English 2 month(s) ago

Vietnam cuts interest rates to aid growth after inflation slowed

Dollar and dong notes seen at a bank in Ho Chi Minh City. Experts say the dong will remain stable through the end of the year.

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Lower rates fail to impress

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VietNam News English 1 month(s) ago 1 duplicate news

Lower rates fail to impress

The central bank's move last week to cut the dong interest rate cap from 1-month to 12-month terms by 0.5 per cent to 7.5 per cent per annum has caused economists to wonder whether it would also be a good move to lower the lending rate and help businesses to recover their sluggish production.

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City sees foreign currency credit down 3.68%

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SaigonTimes English 2 month(s) ago

HCMC – Foreign currency credit in HCMC this year has slumped a staggering 3.68% against the end of last year, according to the HCMC branch of the State Bank of Vietnam (SBV).

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EU chief spurring negotiations on Cyprus deal

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Báo Dân Trí English 2 month(s) ago 2 related news

A top European official is leading a high-level meeting Sunday afternoon in a last-ditch effort to help Cyprus come up with a plan necessary for a 10 billion euro bailout loan that would save it from bankruptcy.

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Growth should focus on macroeconomic management: Indian Prof

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Báo Tuổi Trẻ English 3 month(s) ago

Growth should focus on macroeconomic management: Indian Prof

Professor Deepak Nayyar, a former professor at the University of Oxford and University of Sussex, said that as a developing country with favorable macroeconomic indicators, Vietnam should pay more attention to growth instead of restraining inflation

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Markets stall ahead of holidays

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VietNam News English 3 month(s) ago 2 related news

Markets stall ahead of holidays

Shares continued to decline yesterday on both stock exchanges as many investors unloaded shares to reduce borrowing costs ahead of the long Tet (Lunar New Year) holiday.

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