Re-elected Vietnamese premier addresses national development

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Báo Tuổi Trẻ English 8 hour(s) ago

Re-elected Vietnamese premier addresses national development

The newly elected prime minister of Vietnam for the 2016-21 term has addressed the country’s economic development and national security during his acceptance speech.

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Bio Ethanol Dung Quat closed for unpaid debts

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Báo Đầu Tư English 15 hour(s) ago

Bio Ethanol Dung Quat closed for unpaid debts

The Bio Ethanol Dung Quat Plant was closed for defaulting on the VND1.3 trillion debt it owed the banks, the State Bank of Viet Nam's Quang Ngai Province branch said.

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Vietnam may miss GDP target but should retain debt ceiling: expert

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Báo Tuổi Trẻ English 1 day(s) ago

Vietnam may miss GDP target but should retain debt ceiling: expert

Vietnam’s economic performance in the first half of 2016 forecasts a gloomy outlook for the rest of the year, with the government likely to miss its GDP growth target, and possibly breach the inflation and public debt ceilings.

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Asia’s oldest railway plans more debt than GDP of some nations

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Báo Thanh Niên English 3 day(s) ago

Asia’s oldest railway plans more debt than GDP of some nations

Indian Railways plans to rack up debt to help fund an unprecedented modernization plan.

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China's growth sucks in more debt bucks for less bang

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Báo Thanh Niên English 3 day(s) ago

China's growth sucks in more debt bucks for less bang

As China's economy notches up another quarter of steady growth, the pace of credit creation grows ever more frantic for every extra unit of production, as inefficient state firms swallow an increasing share of lending.

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Vietnam’s bad debts surge as bank wrongdoings rise: state audit

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Báo Tuổi Trẻ English 5 day(s) ago

Vietnam’s bad debts surge as bank wrongdoings rise: state audit

An audit conducted last year into the 2014 performance of state-run Vietnamese companies and banks has found the country’s bad debt continuing to rise while little change is forced upon lenders found gaming the system.

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World Bank cuts Vietnam’s growth forecast further amid first-half slowdown

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Báo Dân Trí English 1 week(s) ago

World Bank cuts Vietnam’s growth forecast further amid first-half slowdown

The World Bank has cut its 2016 growth forecast for the Vietnamese economy by a further two percentage points to 6.0% as the country’s economic activity moderated in the first half of the year.

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Vietnam’s 2016-20 public debt rises to $110bn

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Báo Tuổi Trẻ English 1 week(s) ago

Vietnam’s 2016-20 public debt rises to $110bn

Vietnam’s public debt rose to VND2,480 trillion (US$110 billion) as of the end of last year, according to data from the Ministry of Finance.

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Vietnam's economy to face more challenges

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Báo Dân Trí English 2 week(s) ago

Vietnam's economy to face more challenges

HSBC's outlook for Vietnam in third quarter shows that the country has recovered from slower growth but still has to overcome many challenges.

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Phuoc Son Gold sees business registration certificate revoked

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Báo Đầu Tư English 2 week(s) ago 1 related news

Phuoc Son Gold sees business registration certificate revoked

The business registration certificate of Phuoc Son Gold Company Ltd. (Phuoc Son Gold), managed by Canadian Besra Inc.’s Vietnamese subsidiary, has been withdrawn, due to its delay in paying VND334 billion ($14.96 billion) in tax arrears.

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Vietnam may stop guaranteeing SOEs' loans as public debt rises

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Báo Thanh Niên English 3 week(s) ago

Vietnam may stop guaranteeing SOEs' loans as public debt rises

In an attempt to keep public debt in control, the Vietnamese government may stop guaranteeing state-owned enterprises' loans.

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Banking sector kick-starts actions to support businesses

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Báo Đầu Tư English 3 week(s) ago

Banking sector kick-starts actions to support businesses

The banking sector will apply comprehensive monetary policies and banking operations to improve credit access, focusing on enhancing national credit ratings, according to the State Bank of Viet Nam (SBV).

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Thailand's PTT delays $20 billion Vietnam refinery and petrochemical complex

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Báo Tuổi Trẻ English 1 month(s) ago

Thailand's PTT delays $20 billion Vietnam refinery and petrochemical complex

Thailand's largest energy company PTT Pcl has postponed plans to build a $20 billion refinery and petrochemical complex in Vietnam, it said on Tuesday, citing political changes in the country and uncertainty in global oil markets.

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Markets battered by Brexit aftershocks

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Báo Thanh Niên English 1 month(s) ago

Sterling falls more than 2 percent, the euro takes a hammering and stocks fall again as uncertainty after Britain's vote to leave the EU drove investors to seek safety in the yen, gold and low-risk government debt. As David Pollard reports, Britain's Finance Minister eased the falls slightly by saying the world's fifth-biggest economy will cope with the challenge ahead.

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Businesses fear loan interest rate hikes as banks pay more for deposits

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Báo Thanh Niên English 1 month(s) ago

Businesses fear loan interest rate hikes as banks pay more for deposits

Commercial banks have hiked deposit interest rates, raising fears about a concomitant lending rate hike, which would deal a big blow to local enterprises that are already struggling to compete with their foreign rivals who can borrow at much lower rates from foreign banks.

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