Eurozone slams Spain, Portugal on excessive deficits

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Báo Đầu Tư English 2 month(s) ago

Eurozone slams Spain, Portugal on excessive deficits

BRUSSELS: Eurozone finance ministers agreed on Monday (Jul 11) to officially declare Spain and Portugal in breach of the EU public spending rules, a key step to possibly imposing unprecedented penalties against members of the currency bloc.

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Russia to empty one of its sovereign funds next year - ministry proposal

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Báo Thanh Niên English 2 month(s) ago

Russia to empty one of its sovereign funds next year - ministry proposal

Russia will exhaust one of its two sovereign funds next year, according to a finance ministry proposal seen by Reuters, having by that point run through $87 billion since the beginning of 2014 to fill holes in the budget left by a slump in oil prices.

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Duterte’s team cuts Philippine growth target, widens budget gap

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Báo Thanh Niên English 2 month(s) ago

Duterte’s team cuts Philippine growth target, widens budget gap

The economic team of Philippines’ newly installed President Rodrigo Duterte lowered growth targets and projected a wider budget deficit as tax revenue disappoints.

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VN enjoys trade surplus of US$1.5 bln in H1

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Báo điện tử CP English 3 month(s) ago

VN enjoys trade surplus of US$1.5 bln in H1

VGP – Viet Nam ran a trade surplus of US$1.5 billion in the first half of 2016, according to the General Statistics Office.

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Factbox: What Brexit could mean for the UK economy

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Báo Thanh Niên English 3 month(s) ago 1 related news

Factbox: What Brexit could mean for the UK economy

Britons have voted to leave the European Union, a decision which leaves the world's fifth-biggest economy facing deep uncertainty about its growth prospects and its attractiveness to investors, and which could hurt other economies in Europe and beyond.

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Vietnam reports US$177 million trade deficit in May

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SaiGon GP English 3 month(s) ago

Vietnam reports US$177 million trade deficit in May

Vietnam saw a trade deficit of US$ 177 million in May after two months enjoying slight surplus, reported the General Department of Vietnam Customs yesterday.

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Budget discipline lax, balance difficult: experts

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SaiGon GP English 3 month(s) ago

Budget discipline lax, balance difficult: experts

The economy has been on recovery momentum easing the pressure on budget balance this year and following years. Still, overspending in 2014 and 2015 has not been solved while revenue has faced with many difficulties in short term because of a reduction in some major income sources.

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VN-Japan trade value sees annual growth of 13.9%

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Báo điện tử CP English 3 month(s) ago

VN-Japan trade value sees annual growth of 13.9%

VGP – Viet Nam-Japan trade turnover over the past decade has achieved an annual growth of 13.9%, according to the Viet Nam Customs.

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Vietnam's government exceeds spending limit again

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Báo Thanh Niên English 3 month(s) ago

Vietnam's government exceeds spending limit again

Discussions on weak fiscal discipline began to pop up again after new data revealed that the government in 2014 did not just spend more than it had, but also broke an overspending cap imposed by legislators.

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Corporations divest VND 2,000 billion from non-core business

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

Corporations divest VND 2,000 billion from non-core business

VGP- State corporations and companies withdrew VND 2,086 billion in capital from non-core business lines and collected back VND 4,168 billion in the first five months of 2016.

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Press digest – June 7

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

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Vietnam gov't plans to borrow over $20 billion this year

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Báo Thanh Niên English 3 month(s) ago

Vietnam gov't plans to borrow over $20 billion this year

The Vietnamese government will borrow VND452 trillion (US$20.08 billion) this year to make up for its budget deficit and refinance its existing debts, according a plan recently approved by Prime Minister Nguyen Xuan Phuc.

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Trade surplus reaches US$1.3 bln in five months

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

Trade surplus reaches US$1.3 bln in five months

VGP – Viet Nam gained US$14.6 billion from exporting in May, up 1.74% compared to the previous month, raising the total export value in five months of the year to US$67.7 billion, a year-on-year increase of 6.6%, according to the statistics the Ministry of Industry and Trade released on June 6.

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

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Báo Dân Trí English 4 month(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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U.S. trade panel says TPP would have small positive effect on growth

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Báo Thanh Niên English 4 month(s) ago

U.S. trade panel says TPP would have small positive effect on growth

The U.S. International Trade Commission said on Wednesday that the sweeping pan-Pacific trade deal President Barack Obama wants Congress to approve before he leaves office would likely have only a small positive effect on U.S. growth.

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