Credit organisations continue to offer foreign currency loans

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VietnamPlus English 10 hour(s) ago

The State Bank of Vietnam continues allowing credit organisations to decide on their hard currency loans to exporters and petroleum dealers throughout 2015, as part of its support measures to achieve the 2015 economic growth of 6.2 percent set by the National Assembly.

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Vietnam’s rising debt a serious concern, economists warn

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Báo Thanh Niên English 2 day(s) ago

Vietnam’s rising debt a serious concern, economists warn

After Vietnam’s public debt hit US$70 billion in late 2013, economists began to express concerns about the country's financial future.

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SBV orders tighter measures for bad debt management

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VietNam News English 17 hour(s) ago 1 duplicate news 1 related news

The State Bank of Viet Nam (SBV) this week required its branches nationwide to adopt stricter, more comprehensive measures to accelerate progress in restructuring debt and resolving non-performing loans (NPLs).

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Vietnam’s five-year bond yield at August high on supply pressure

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Báo Thanh Niên English 1 day(s) ago

Vietnam’s five-year bond yield at August high on supply pressure

Vietnamese sovereign bonds fell, pushing the five-year yield to a four-month high, on signs the government will have to offer higher rates to meet its 2014 sale target.

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SOEs cop blame for public debt

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VietNam News English 2 day(s) ago

SOEs may cease to be the engine of the national economy if they don't speed up restructuring. Phung Duc Kien, National Assembly Deputy, tells Thoi bao Kinh te Viet Nam (Viet Nam Economic Times).

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VAMC has bought bad debts worth $4.76 billion

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Báo Đầu Tư English 2 day(s) ago 1 related news

VAMC has bought bad debts worth $4.76 billion

The Viet Nam Asset Management Company (VAMC) has bought more than VND100 trillion (US$4.76 billion) in bad debts so far.

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Moody’s raises Vietnam credit rating

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Báo Đầu Tư English 3 day(s) ago

Moody’s raises Vietnam credit rating

Moody’s Investors Service has raised its outlook on Vietnam’s banking system to stable from a negative assessment, noting improvements in economic stability and operating environment for lenders.

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Ruble sinks to 80 a dollar defying surprise Russia rate increase

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Báo Thanh Niên English 3 day(s) ago

Ruble sinks to 80 a dollar defying surprise Russia rate increase

The ruble plunged to 80 a dollar for the first time as investors speculated Russia will announce capital controls after the largest interest-rate increase in 16 years failed to revive confidence in the currency.

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Presidential Office announces eight new laws

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VietnamNet English 1 week(s) ago

Presidential Office announces eight new laws

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If crude oil prices fall, will the public debt go up?

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VietnamNet English 4 day(s) ago 1 related news

If crude oil prices fall, will the public debt go up?

VietNamNet Bridge – Economists have warned that the drop in the crude oil price will put pressure on the public debt, because the government will have to issue more bonds and increase borrowing.

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Quang Nam wants to close two gold mines

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VietnamNet English 4 day(s) ago

Quang Nam wants to close two gold mines

VietNamNet Bridge – The Quang Nam provincial People’s Council’s members have suggesting closing two gold mines in Bong Mieu and Phuoc Son to protect the area’s natural resources.

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Vietnam’s foreign debt repayment reaches $33.1bn in 2013: finance ministry

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Báo Tuổi Trẻ English 4 day(s) ago

Vietnam’s foreign debt repayment reaches $33.1bn in 2013: finance ministry

Vietnam spent VND693 trillion (US$33.13 billion) on clearing foreign debts in 2013, the Ministry of Finance recently said in its third public debt bulletin.

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DATC to get $146m infusion for tackling SOE bad debts

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VietNam News English 5 day(s) ago 1 duplicate news

Prime Minister Nguyen Tan Dung has agreed to give an additional VND3.1 trillion, or roughly US$146 million, to the Debt and Asset Trading Corporation (DATC) for the 2014-15 period.

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BUSINESS IN BRIEF 15/12

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VietnamNet English 5 day(s) ago 1 related news

Eleven outstanding banks of standard international payment honoured

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Vietnam to raise capital of state debt and asset firm by 125pct

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Báo Tuổi Trẻ English 6 day(s) ago

Vietnam to raise capital of state debt and asset firm by 125pct

Vietnamese Prime Minister Nguyen Tan Dung has approved a plan to raise the registered capital of the state-run debt and asset trading firm by 125 percent to VND5.6 trillion ($262 million), the government said on its website. (chinhphu.vn)

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