DPM greets Standard Chartered CEO

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Báo điện tử CP English 2 day(s) ago 5 related news

DPM greets Standard Chartered CEO

VGP – Deputy PM Vuong Dinh Hue proposed Standard Chartered Bank (SCB) continue to support Vietnamese Government agencies during working sessions with international rating organizations to make comprehensive and objective assessments of Viet Nam’s socio-economic performance.

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Budget discipline lax, balance difficult: experts

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SaiGon GP English 5 day(s) ago

Budget discipline lax, balance difficult: experts

The economy has been on recovery momentum easing the pressure on budget balance this year and following years. Still, overspending in 2014 and 2015 has not been solved while revenue has faced with many difficulties in short term because of a reduction in some major income sources.

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JICA helps VN restructure SOEs, banking

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JICA helps VN restructure SOEs, banking

VGP – Deputy PM Vuong Dinh Hue hailed the Japan International Cooperation Agency (JICA)’s researches into State-owned enterprises (SOEs) and banking restructuring, regarding them as crucial assistance and policy consultancy for the Vietnamese Government.

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Police bust $340-million illegal sports gambling rings

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Báo Thanh Niên English 1 week(s) ago 2 related news

Police bust $340-million illegal sports gambling rings

Police in the northern Vietnam have busted two illegal sports gambling rings operated by a local man that attracted thousands of people, authorities said Tuesday.

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VAMC to use cash to buy NPLs

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Báo Đầu Tư English 1 week(s) ago

VAMC to use cash to buy NPLs

The Viet Nam Asset Management Company (VAMC) this year will use cash, departing from the usual practice of using only special bonds, to buy non-performing loans (NPLs), officials said.

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Vietnam may have new agency to manage state enterprises

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Báo Thanh Niên English 1 week(s) ago

Vietnam may have new agency to manage state enterprises

The Vietnamese government is considering setting up a new agency to manage state-owned enterprises more effectively, but some economists have questioned the necessity of such a plan.

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China faces growing vulnerabilities, fewer buffers to deal with shocks - IMF

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Báo Thanh Niên English 1 week(s) ago

China faces growing vulnerabilities, fewer buffers to deal with shocks - IMF

China needs to implement reforms with more urgency as the economy faces growing vulnerabilities and there are fewer buffers to deal with any shocks, an International Monetary Fund (IMF) official said on Tuesday.

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Gold miner Besra Vietnam suffers massive losses

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Báo Đầu Tư English 1 week(s) ago

Gold miner Besra Vietnam suffers massive losses

Canadian Besra Inc.’s Besra Vietnam, the operator of two gold mines in the central province of Quang Nam, namely Phuoc Son Gold Company Ltd. (PSGC) and Bong Mieu Gold Mining Company Ltd. (BMGMC), has suffered a loss of over VND1 trillion ($44.7 million) with a short-term debt volume of VND2.5 trillion ($111.7 million).

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Vinalines proposes to sell infamous Lash Song Giang fleet

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Báo Đầu Tư English 1 week(s) ago

Vinalines proposes to sell infamous Lash Song Giang fleet

State-owned shipping firm Vinalines is striving to tackle a big debt owed by its subsidiary Vinashinlines through selling the infamous Lash Song Giang ship fleet, which has stopped operation for about eight years now.

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Weekly roundup: Wildlife trafficking, fake cop, bad debt

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Báo Thanh Niên English 1 week(s) ago

Weekly roundup: Wildlife trafficking, fake cop, bad debt

Wildlife trafficking needs to be stopped in Asia Pacific

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Phuong Trang Corp accuses Vietnam bank of disclosing misleading debt information

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Báo Tuổi Trẻ English 2 week(s) ago

Phuong Trang Corp accuses Vietnam bank of disclosing misleading debt information

A popular passenger bus operator in Ho Chi Minh City, whose massive bad debts were disclosed by a local bank earlier this week, fired back on Thursday, saying the lender has used misleading information to damage its reputation.

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Phuong Trang bus operator sued over $134 mln debt

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Báo Thanh Niên English 2 week(s) ago

The Vietnam Construction Bank on Wednesday announced that it has filed a lawsuit against Phuong Trang Bus JSC over VND3 trillion (US$134.2 million) in unpaid debt.

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Vietnam bank discloses Futa Bus Lines’ $134mn bad debt

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Báo Tuổi Trẻ English 2 week(s) ago

Vietnam bank discloses Futa Bus Lines’ $134mn bad debt

A Vietnamese bank has revealed that a popular Ho Chi Minh City bus line is among its major bad debtors, with disputes over the company’s financial obligations only solved following legal proceedings.

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Vietnam seeks faster bad-debt cleanup with 1st cash purchase

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Báo Thanh Niên English 2 week(s) ago

Vietnam seeks faster bad-debt cleanup with 1st cash purchase

Vietnam is accelerating the cleanup of its financial system to help boost lending in an economy threatened by a crippling drought and lower oil revenue.

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Vietnam gov't plans to borrow over $20 billion this year

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Báo Thanh Niên English 2 week(s) ago

Vietnam gov't plans to borrow over $20 billion this year

The Vietnamese government will borrow VND452 trillion (US$20.08 billion) this year to make up for its budget deficit and refinance its existing debts, according a plan recently approved by Prime Minister Nguyen Xuan Phuc.

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