MPI raises spending level, but public debt remains high

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VietnamNet English 53 minute(s) ago

MPI raises spending level, but public debt remains high

VietNamNet Bridge – The disagreement between the Ministry of Finance (MOF) and Ministry of Planning and Investment (MPI) about budget revenue and expenditures for 2015 remains inconclusive, while economists continue to warn about over-spending.

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Political News 2/10

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VietnamNet English 5 hour(s) ago

Arms sales ban lifting benefits US-Vietnam ties

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Vietnam records 10.6% increase in public debt

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Báo Dân Trí English 5 hour(s) ago

Vietnam records 10.6% increase in public debt

Vietnam's per capita rate of public debt has increased by 9.9% or VND 1.8 million over the past year, according to a recent report by the Economist.

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Economy struggles to cope with bad debt, slow growth

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VietNam News English 6 hour(s) ago

The Vietnamese economy is facing three major challenges: low credit growth, slow pace of settlement of non-performing loans and sluggish business and production.

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Lawmakers look at supervision of economic restructuring

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VOV News English 7 hour(s) ago

Lawmakers look at supervision of economic restructuring

The implementation of economic restructuring processes in public investment, State-owned enterprises and the banking system was the focus of the National Assembly (NA) Standing Committee's 31st session on October 1.

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BUSINESS IN BRIEF 2/10

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VietnamNet English 9 hour(s) ago

Vinamilk expands its herd with 400 cows from Australia

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Lawmakers look at supervision of economic restructuring

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VietnamPlus English 19 hour(s) ago

Lawmakers look at supervision of economic restructuring

The implementation of economic restructuring processes in public investment, State-owned enterprises and the banking system was the focus of the ongoing 31 st session of the National Assembly (NA) Standing Committee on October 1.

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Vietnam businesses use 'bogus shutdown' to evade taxes

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Báo Tuổi Trẻ English 1 day(s) ago

Vietnam businesses use 'bogus shutdown' to evade taxes

All the three businesses set up by Ho Thi Ly shut down when they still collectively owed VND1.6 billion (US$75,308) in taxes, but the Dak Lak Province tax department is unable to get the owner to clear her tax arrears.

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PM: Drastic measures needed to realize GDP growth target

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SaiGon GP English 1 day(s) ago

PM: Drastic measures needed to realize GDP growth target

Prime Minister Nguyen Tan Dung requested drastic measures be taken to achieve a gross domestic product (GDP) growth rate of 5.8 percent this year during his final speech at the Government’s regular meeting on September 29-30.

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Canadian gold company resumes operation after two months

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VietnamNet English 1 day(s) ago 1 related news

Canadian gold company resumes operation after two months

VietNamNet Bridge - A Besra Group representative said on September 29 that while waiting to settle tax debts with relevant agencies, the Group would formally restore its production at the Bong Mieu gold mine from September 30 after more than two months of closure.

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Licenses of two foreign banks revoked

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VietnamNet English 1 day(s) ago

Licenses of two foreign banks revoked

VietNamNet Bridge – The central bank has withdrawn the licenses of two foreign banks, Laos-Vietnam Joint Venture Bank and Credit Agricole Bank, according to a State Bank of Vietnam’s (SBV) report to the National Assembly Standing Committee.

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PM: Drastic measures needed to realise GDP growth target

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VietnamPlus English 2 day(s) ago

PM: Drastic measures needed to realise GDP growth target

Prime Minister Nguyen Tan Dung requested drastic measures be taken to achieve a gross domestic product (GDP) growth rate of 5.8 percent this year during his final speech at the Government’s regular meeting on September 29-30.

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Banks alone cannot clear their bad debts: economists

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Báo Thanh Niên English 2 day(s) ago

Banks alone cannot clear their bad debts: economists

Bad debts have continued to drag on Vietnam's economy due to the failure of the central bank’s bad debt buying scheme, economists said.

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Constituents hail monetary policies, but more need to be done

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VietnamPlus English 2 day(s) ago

Monetary policies have produced good results so far, but there is still room for improvement, constituents concluded after the Governor of the State Bank of Vietnam (SBV) Nguyen Van Binh responded to questions during the 31st session of the National Assembly Standing Committee in Hanoi on September 29.

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Bad debt casts shadow over banking restructure

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Báo Dân Trí English 2 day(s) ago

Bad debt casts shadow over banking restructure

Some economists have pointed out that the biggest obstacle in the ongoing banking restructure effort is the problem of bad debt.

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