Vietnam’s tallest building to be sold to pay debts

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VietnamNet English 2 day(s) ago

Vietnam’s tallest building to be sold to pay debts

VietNamNet Bridge - Seoul Court has issued a decision permitting the sale of the 72-storey tower of Keangnam Group in Hanoi to solve debt problems. Keangnam Group is facing a serious crisis and at risk of bankruptcy.

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Lawmakers discuss marine environment bill

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VietnamPlus English 1 day(s) ago 1 duplicate news

Lawmakers discuss marine environment bill

Lawmakers examined the draft Law on Natural Resources, Marine and Island Environments during the ongoing ninth session of the 13th National Assembly (NA) in Hanoi on May 28.

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EU officials dismiss Greek statement on aid agreement being drafted

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VOV News English 2 day(s) ago

EU officials dismiss Greek statement on aid agreement being drafted

Greece's government on May 27 said it is starting to draft an agreement with creditors that would pave the way for aid, but European officials quickly dismissed that as wishful thinking.

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Vietnam’s public debt increase in 2010-14 highest in history: parliamentarian

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Báo Tuổi Trẻ English 2 day(s) ago

Vietnam’s public debt increase in 2010-14 highest in history: parliamentarian

The issue of public debts in Vietnam increasing at the fastest rate in history and difficulties in production and trading stood atop the agenda of the working session at the law-making National Assembly (NA) in Hanoi on Monday.

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Vietnam banks hiding bad debt

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Báo Dân Trí English 3 day(s) ago

Vietnam banks hiding bad debt

Banks in Vietnam are underreporting bad and doubtful debt by as much as 10 times so their numbers look better and to avoid investigation of their loan portfolios, an economist said.

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The G-7's problem: can the world deal with a Greek default?

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Báo Thanh Niên English 3 day(s) ago

The G-7's problem: can the world deal with a Greek default?

When the world’s top finance ministers and central-bank chiefs meet in Dresden this week, they may struggle to stick to an agenda set by their German hosts that doesn’t mention Greece.

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Vietnam’s luxury home market remains frozen

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VietnamNet English 3 day(s) ago

Though the overall realty market in Vietnam may be showing some cracks, the market for oceanfront mansions and palatial condos shows no signs of thawing, dampening concerns of wildly escalating prices in the near future.

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Banks need more funds for non-performing loans

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VietnamPlus English 4 day(s) ago

Banks need more funds for non-performing loans

Banks will need more provisional funds to support the risk of non-performing loans (NPLs) in accordance with national requirements for controlling bad debts, reported Dau tu (Vietnam Investment Review) online.

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Greece wants to make debt payments but needs aid urgently

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VOV News English 4 day(s) ago

Greece wants to make debt payments but needs aid urgently

Greece intends to make good on its debt obligations but needs aid urgently to be able to do so, the government said on May 25.

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Greece to make debt payments 'for as long as possible'

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Báo Dân Trí English 4 day(s) ago 2 related news

Greece to make debt payments 'for as long as possible'

Greece will continue paying its debts as long as it is able to, the government said Monday, a day after its ruling leftist coalition narrowly rejected a call by party hardliners to miss its next International Monetary Fund (IMF) loan payment.

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China taking right steps for bad debt problems: Jerram

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Báo Thanh Niên English 5 day(s) ago

Richard Jerram, chief economist at Bank of Singapore, talks about Japan, China and the U.S. He speaks with Rishaad Salamat on Bloomberg Television's "Trending Business."

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WB expert’s assessment of Vietnam’s economic performance

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VOV News English 5 day(s) ago

WB expert’s assessment of Vietnam’s economic performance

The World Bank (WB) chief economist in Vietnam, Sandeep Mahajan, has shared his views on the country’s socioeconomic performance in the first months of 2015 after the Government presented a socio-economic report to the Legislature’s ongoing working session.

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Foreign-invested businesses top all others in 2014 social insurance debt in Vietnam: report

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Báo Tuổi Trẻ English 5 day(s) ago

Foreign-invested businesses top all others in 2014 social insurance debt in Vietnam: report

Foreign-invested enterprises (FIEs) and foreign organizations last year topped all other economic sectors of Vietnam’s economy in social insurance debt with over VND2.13 trillion (US$97.9 million), according to a government report on the management and use of social insurance funds in 2014.

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BUSINESS IN BRIEF 25/5

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VietnamNet English 5 day(s) ago 1 related news

Local food showcased in IFEX Philippines

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Economic restucturing ‘too slow'

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VOV News English 6 day(s) ago 3 related news

Economic restucturing ‘too slow'

Although economic restructuring has been recognised as a vital task, the process remains slow and requires greater efforts for a more comprehensive outcome, according to experts.

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