Vietnam signals rate pause as bank revamp nears

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Báo Thanh Niên English 4 day(s) ago

Vietnam signals rate pause as bank revamp nears

Vietnam will find it “difficult” to cut interest rates further this year, central bank Deputy Governor Nguyen Dong Tien said, as the nation moves to create an asset company that would clean up bad debt and revive growth.

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Finance Minister committed to effective budget spending

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Báo Đầu Tư English 18 hour(s) ago 1 related news

Finance Minister committed to effective budget spending

Newly elected Finance Minister Dinh Tien Dung has vowed to reduce spending on unfeasible projects and focus on solutions for preventing revenue losses.

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Finance Minister committed to effective budget spending

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VOV News English 19 hour(s) ago 1 related news

Finance Minister committed to effective budget spending

(VOV) - Newly elected Finance Minister Dinh Tien Dung has vowed to reduce spending on unfeasible projects and focus on solutions for preventing revenue losses.

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Rubber companies in despair as price falls

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SaiGon GP English 21 hour(s) ago 2 related news

Rubber companies in despair as price falls

As rubber companies totally depend on export price, they are likely to fail in achieving their business targets for this year, with rubber prices currently at their lowest.

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Vietnam bonds lead region as Kokusai sees recovery

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Báo Thanh Niên English 2 day(s) ago

Vietnam bonds lead region as Kokusai sees recovery

Vietnam’s dollar bonds are beating their Southeast Asian peers as the region’s highest yields attract investors confident the government can revive an economy growing at the slowest pace in 13 years.

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Government asked to clarify standards for assessing public debt

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Báo Dân Trí English 2 day(s) ago

Government asked to clarify standards for assessing public debt

While the government said Vietnam’s public debts are still at manageable levels, a National Assembly deputy proposed the the assessment standards are clarified.

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HN launches Promotion Month

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Hanoi Times English 2 day(s) ago 1 related news

The Hanoitimes - To remove difficulties o­n production, support the market and deal with bad debt, the Ha Noi People’s Committee has issued plans to carry out the 2013 Promotion Month.

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State Audit reveals wrongdoings in the banking system

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Báo Dân Trí English 2 day(s) ago 1 duplicate news

State Audit reveals wrongdoings in the banking system

A report from the State Audit of Vietnam has disclosed various wrongdoings of the banking system last year, including interest rates in the interbank market that were higher than those of the black market.

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BUSINESS IN BRIEF 24/5

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VietnamNet English 2 day(s) ago 1 related news

Revealing real estate tricks of the trade

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Regulations on asset management company issued

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Báo điện tử CP English 4 day(s) ago 1 duplicate news 2 related news

Regulations on asset management company issued

VGP – The PM has agreed to regulations on the setting up of an asset management company to address nearly US$5 billion non-performing loans and promote credit growth in the banking system.

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Plan to set up asset management firm announced

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Báo Đầu Tư English 3 day(s) ago 1 related news

Plan to set up asset management firm announced

The State Bank of Vietnam should set up an asset management company to help solve the bad debt problem of the banking system within this quarter, the government ruled in a recently released decree.

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Plan to set up asset management firm announced

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Báo Tuổi Trẻ English 3 day(s) ago 1 related news

Plan to set up asset management firm announced

The State Bank of Vietnam should set up an asset management company to help solve the bad debt problem of the banking system within this quarter, the government ruled in a recently released decree.

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BUSINESS IN BRIEF 23/5

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VietnamNet English 3 day(s) ago 1 related news

Partnerships key to infrastructure

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PM okays long-awaited VAMC establishment

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SaigonTimes English 4 day(s) ago 1 related news

HCMC – The Prime Minister has signed a decision approving the long-awaited establishment of a debt trading firm called Vietnam Asset Management Company (VAMC), Le Minh Hung, deputy governor of the central bank, told a press briefing on Tuesday.

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PM steps up overhaul of banks

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Nhân dân English 4 day(s) ago 2 related news

Nhan Dan – The Prime Minister has approved the formation of an asset management company which will purchase non-performing loans from banks in an effort to speed up the clean-up of bad debts, which is preventing banks from providing more business loans and dampening economic growth.

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