Moody's changes outlook on Vietnam's ratings to positive

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

Moody's said on Friday it has affirmed the Vietnamese government's B1 issuer and senior unsecured debt ratings and revised the outlook to positive from stable.

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Moody’s revises Vietnam outlook as “positive”

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

Today, Moody’s Investors Service has reaffirmed the Vietnamese government’s B1 issuer and senior unsecured ratings and revised the outlook to “positive” from “stable,” lauding its strong performance in foreign direct investment (FDI) attraction, macroeconomic and external stability, as well as recognising the likelihood that government debt will be stabilised at around current levels.

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Public debt ceiling set at 65 percent of GDP for 2016-2018

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SaiGon GP English 4 day(s) ago

Vietnam is targeting keeping public debt, comprising central government debt, government-backed loans, and local government debt, below 65 percent of GDP between 2016 and 2018.

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Government passes 2016-2018 debt management program

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Báo điện tử CP English 5 day(s) ago

VGP – The PM has ratified the 2016-2018 medium-term debt management program, targeting to keep public debt (government debt, government-guaranteed debt and local government debt) at no more than 65% of gross domestic product (GDP).

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Gov’t to tighten public debt management

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Báo điện tử CP English 6 day(s) ago

VGP – PM Nguyen Xuan Phuc has approved a debt management program for the 2016-2018 in a bid to keep public debt under 65% of the gross domestic product (GDP) to ensure the safety of the national financial system.

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Bankrupt creditors may be aided to refund customers

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Báo Đầu Tư English 1 week(s) ago

To-be-bankrupt financial and credit institutions may have to refund their individual customers using support loans from the State Bank of Viet Nam (SBV) and other financial firms.

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Debt collection nightmare for the debt-free in Vietnam

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Báo Tuổi Trẻ English 1 week(s) ago

A local credit firm has received multiple complaints for incessantly calling debt-free people day and night to ask about strangers with outstanding payments.

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WB recommends substantial SOEs restructuring

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Báo điện tử CP English 2 week(s) ago

VGP – The process of capital withdrawal and equitization in SOEs is a sound path but must be conducted in a more substantial manner, according to the World Bank.

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SBV to stop acquiring weak banks at zero Dong

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Báo Dân Trí English 2 week(s) ago 1 related news

The State Bank of Vietnam (SBV) will stop the acquisition of poor-performing commercial banks at zero Dong as it did previously.

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SBV to stop acquiring weak banks at zero đồng

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

The State Bank of Việt Nam (SBV) will stop the acquisition of poor-performing commercial banks at zero đồng as it did previously.

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Gov’t discusses measures to address bad debt, weak credit institutions

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Báo điện tử CP English 2 week(s) ago

VGP – PM Nguyen Xuan Phuc on April 11 chaired a Government’s meeting on law establishment to discuss the Law project on restructuring credit organizations and addressing bad debt, and suggestions on amending and supplementing laws related to the Planning Law.

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Laws urgently needed for bad debt settlements: PM

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Báo Đầu Tư English 2 week(s) ago

Streamlining legal regulations and making a specific law on restructuring of credit institutions and settling bad debts are very necessary and must be done urgently, Prime Minister Nguyễn Xuân Phúc said.

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Banking system’s bad debt controlled under 3%

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Báo điện tử CP English 3 week(s) ago

VGP – The proportion of bad debt of the banking system has been maintained under 3% and tended to decrease, according to the State Bank of Viet Nam (SBV).

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Company that gifted Lexus cars to Ca Mau authorities sued in debt disputes

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Báo Tuổi Trẻ English 3 week(s) ago

A private company notable for its controversial gift of two luxury Lexus’s to authorities in the southernmost province of Ca Mau is once again in the spotlight, this time for debt-related litigation brought against the company by two separate creditors.

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Creditors adjust growth forecasts

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Báo Đầu Tư English 3 week(s) ago

The survey on business trends of credit institutions conducted from February 25 to March 9 by the SBV’s Statistics and Forecasting Department questioned all credit institutions and branches of foreign banks nationwide. The rate of response was 89.5 per cent.

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