Vietnam's public debt to remain high amid revenue concerns: ADB

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Báo Thanh Niên English 3 day(s) ago

Vietnam's public debt to remain high amid revenue concerns: ADB

Vietnam may see a high level of public debt at up to 60 percent of gross domestic product as the state's budget deficit is expected to expand amid limited collection, according to the Asian Development Bank.

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Debt-ridden Vinalines plans IPO; state to control 36 pct of shares

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Báo Thanh Niên English 2 day(s) ago

Debt-ridden Vinalines plans IPO; state to control 36 pct of shares

State-owned shipping giant Vinalines has submitted its plan for an initial public offering to the transport ministry, a move expected to help it pay off debts of VND12.3 trillion (US$564.2 million), news website Saigon Times Online reported Wednesday.

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Government says it will not act as guarantor for financial institutions

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VietnamNet English 3 day(s) ago

Government says it will not act as guarantor for financial institutions

The Ministry of Finance (MOF), which is drafting a decree on public debt management, plans to remove the policy on giving government guarantees for loans from financial institutions.

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Vietnam’s growth holds above 6 pct aided by gains in manufacturing

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Báo Thanh Niên English 2 day(s) ago

Vietnam’s growth holds above 6 pct aided by gains in manufacturing

Vietnam’s growth held above 6 percent in the first quarter as manufacturing supported an economy that’s still grappling with an overhang of bad debt.

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Vietnam bank stocks trouncing Asia signal end of bad-debt crisis

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VOV News English 2 day(s) ago 2 related news

Vietnam bank stocks trouncing Asia signal end of bad-debt crisis

Vietnam’s bank stocks are rallying at the fastest pace in Asia, signaling a recovery from the bad-debt crisis that’s weighed on economic growth for three years.

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VN needs to boost reforms for higher growth rate

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Báo điện tử CP English 3 day(s) ago 1 related news

VN needs to boost reforms for higher growth rate

VGP – Viet Nam’s Gross Domestic Product (GDP) growth will reach 6.1% in 2015 and 6.2% in 2016, according to the Asian Development Outlook (ADO) 2015 released by the Asian Development Bank (ADB).

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ACB honoured “Most improved retail bank in Asia Pacific 2015”

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VietnamPlus English 2 day(s) ago

The Asia Commercial Bank (ACB) was recently honoured with the “Most improved retail bank in Asia Pacific 2015” award by the prestigious Asian Banker Magazine.

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Vietnam bank stocks trouncing Asia signal end of bad-debt crisis

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VietnamNet English 2 day(s) ago 2 related news

Vietnam’s bank stocks are rallying at the fastest pace in Asia, signaling a recovery from the bad-debt crisis that’s weighed on economic growth for three years.

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VN-Index slumps on oil, gas shares

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VietNam News English 2 day(s) ago 1 related news

The southern market extended losses yesterday as the foreign sector sold oil and gas stocks.

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Countries still have way too much debt: Whalen

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Báo Thanh Niên English 3 day(s) ago

Kroll Bond Rating Agency Senior Managing Director and Head of Research Christopher Whalen discusses the European and U.S. economies, Greece's debt bailout and why he says QE isn't going to work. He speaks to Bloomberg's Manus Cranny and Caroline Hyde on "Countdown."

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German-Greek relations: concurrent challenges

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VOV News English 3 day(s) ago

German-Greek relations: concurrent challenges

(VOV) - During the Greek Prime Minister’s first visit to Germany since he took office, Alexis Tsipras and German Chancellor Angela Merkel discussed Greece’s debt crisis and measures to boost bilateral ties.

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Vietnam bank stocks trouncing Asia signal end of bad-debt crisis

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Báo Thanh Niên English 3 day(s) ago 2 related news

Vietnam bank stocks trouncing Asia signal end of bad-debt crisis

Vietnam’s bank stocks are rallying at the fastest pace in Asia, signaling a recovery from the bad-debt crisis that’s weighed on economic growth for three years.

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More foreign owned banks to open in Vietnam

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VOV News English 3 day(s) ago 2 related news

The State Bank of Vietnam (SBV) has allowed Malaysia’s Public Bank Berhad (PBB) to acquire all stakes owned by Vietnamese lender, the Bank for Investment and Development of Vietnam (BIDV), in their joint venture VID Public Bank.

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ADB projects higher growth, rising debt

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VietNam News English 3 day(s) ago

The Asian Development Bank expects Viet Nam's economy to strengthen over the next two years, forecasting growth of 6.1 and 6.2 per cent respectively for 2015 and 2016.

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Number of banks’ non-performing loans falls

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VietnamNet English 4 day(s) ago

Number of banks’ non-performing loans falls

VietNamNet Bridge - At least 3.25 percent of the total outstanding loans at banks non-performing loans (NPL) at Vietnamese banks as of December 31, as reported by the State Bank of Vietnam (SBV).

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