Fitch affirms Vietnam rating at ’BB-’ with a stable outlook

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Báo Dân Trí English 3 day(s) ago

Fitch affirms Vietnam rating at ’BB-’ with a stable outlook

Fitch Ratings ​recently affirmed Vietnam’s long-term foreign and local currency IDRs at ’BB-’ with a stable outlook.

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Vietnam banks bad debts rise again after record low

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Báo Thanh Niên English 3 day(s) ago

Vietnam banks bad debts rise again after record low

Banks’ bad debts ratio increased to 2.62 percent at the end of March after hitting a five-year low of 2.55 percent at the end of last year, according to new data from the State Bank of Vietnam.

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Greek parliament approves new austerity measures to unlock bailout cash

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Báo Đầu Tư English 3 day(s) ago

Greek parliament approves new austerity measures to unlock bailout cash

The 7,000-page bill that raises the sales tax cap and introduces a contingency mechanism to slash spending further in case of budget overruns was passed thanks to the Syriza-led coalition government's slim majority in the 300-seat parliament, according to an AFP count.

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Banks defend bailout of Hoang Anh Gia Lai

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Báo Đầu Tư English 3 day(s) ago

Banks defend bailout of Hoang Anh Gia Lai

The State Bank of Vietnam’s decision to help Hoang Anh Gia Lai Group overcome its enormous debts has sparked a controversy among market players.

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Vietnam’s public debt to double in ten years: expert

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Báo Tuổi Trẻ English 6 day(s) ago

Vietnam’s public debt to double in ten years: expert

Vietnam’s current public debt totals over US$120 billion and is projected to double in ten years, said a financial expert at a conference in Hanoi on Wednesday.

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Central Bank offers helping hand to debt-laden Hoang Anh Gia Lai

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Báo Đầu Tư English 1 week(s) ago

Central Bank offers helping hand to debt-laden Hoang Anh Gia Lai

The State Bank of Vietnam (SBV) has just sent a document to the prime minister requesting permission to reschedule the debts of troubled conglomerate Hoang Anh Gia Lai (HAG).

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Singaporean sugar factories up to the chin in debts

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Báo Đầu Tư English 1 week(s) ago

Singaporean sugar factories up to the chin in debts

The difficult situation of Asian sugar producer Indo China Food Industries is being revealed through the huge refractory debts shouldered by its factories throughout Vietnam.

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Vietnam’s cbank backs plan to bail out debt-ridden private enterprise

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Báo Tuổi Trẻ English 1 week(s) ago

Vietnam’s cbank backs plan to bail out debt-ridden private enterprise

A Vietnamese multi-sector conglomerate, plagued by financial woes over its loss-making agricultural arm, will have part of its massive debt restructured, under a plan proposed by its creditors and backed by the country’s central bank.

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Risk provisions and bad debts eat up bank profits

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Báo Đầu Tư English 1 week(s) ago

Risk provisions and bad debts eat up bank profits

While banks have been able to control their non-performing loans ratio well below the 3 per cent threshold, the potentially irrecoverable debt fraction has, conversely, edged up among local banks.

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Vietnam reports 48 percent drop in oil revenue in Jan-April

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Báo Thanh Niên English 1 week(s) ago

A recovery in prices in April was not enough to prevent a sharp fall in Vietnam's oil revenues.

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Malaysia's central bank says confident government will honor debt obligations

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Báo Thanh Niên English 2 week(s) ago

Malaysia's central bank says confident government will honor debt obligations

Malaysia's new central bank governor said he was confident the government would honor all its debt obligations, as a deadline loomed on Wednesday for troubled state fund 1MDB to make a coupon payment on a $1.75 billion bond.

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Greek police fire tear gas as thousands protest over reform vote

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Báo Đầu Tư English 2 week(s) ago

Greek police fire tear gas as thousands protest over reform vote

Greek riot police fired tear gas to disperse petrol bomb-throwing protesters in Athens on Sunday as thousands took to the streets in anti-austerity demos ahead of a vote by lawmakers on a controversial tax and pensions overhaul.

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Vietnam keeps restriction on banks with losses, high bad debt

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Báo Thanh Niên English 2 week(s) ago

Vietnam keeps restriction on banks with losses, high bad debt

The State Bank of Vietnam announced on Thursday that it will continue to tighten its control on the expansion of local banks, saying the restriction is an "effective" measure to overhaul the banking sector.

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VN rating outlook remains stable: S&P

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Báo Đầu Tư English 2 week(s) ago

VN rating outlook remains stable: S&P

Standard & Poor's (S&P) last week gave Viet Nam a crediting rating of BB-/B and a stable outlook, unchanged from the ratings announced in March 2015.

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Vietnam among fastest-growing economies in Asia, driven by electronic exports: IMF

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Báo Thanh Niên English 3 week(s) ago

Vietnam among fastest-growing economies in Asia, driven by electronic exports: IMF

After recording a five-year high growth of 6.68 percent last year, Vietnam's economic expansion will slow down to 6.3 percent, but that is a "still-robust" rise, according to the International Monetary Fund.

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