Vietnam's government exceeds spending limit again

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Báo Thanh Niên English 2 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 2 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 2 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 2 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 3 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 3 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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Spain and Portugal win EU reprieve on deficits

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Báo Đầu Tư English 3 month(s) ago

Spain and Portugal win EU reprieve on deficits

The delay put off a potentially embarrassing decision for Spain until after elections on Jun 26 and gave more time for a new government in Portugal to get on its feet.

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Thailand becomes Vietnam's biggest car exporter

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Báo Dân Trí English 3 month(s) ago

Thailand becomes Vietnam's biggest car exporter

Thailand has surpassed China to become Vietnam’s biggest car exporter, with rising truck sales in the first quarter of the year.

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Oil prices hit 2016 peaks on talk of supply deficit

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Báo Đầu Tư English 3 month(s) ago

Oil prices hit 2016 peaks on talk of supply deficit

Oil prices shot up to six-and-a-half month peaks on Monday as Goldman Sachs said the market faces a short-term supply deficit due to production outages.

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Brazil Senate puts Rousseff on trial, ending 13 years of leftist rule

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

Brazil Senate puts Rousseff on trial, ending 13 years of leftist rule

Brazil's Senate voted on Thursday to put leftist President Dilma Rousseff on trial in a historic decision brought on by a deep recession and a corruption scandal that will now confront Michel Temer, the vice president who succeeds her.

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Brazil Senate puts Rousseff on trial, ending 13 years of leftist rule

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Báo Tuổi Trẻ English 3 month(s) ago 2 related news

Brazil Senate puts Rousseff on trial, ending 13 years of leftist rule

BRASILIA, May 12 -- Brazil's Senate voted on Thursday to put leftist President Dilma Rousseff on trial in a historic decision brought on by a deep recession and a corruption scandal that will now confront Michel Temer, the vice president who succeeds her.

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FDI key to high trade surplus

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Báo Đầu Tư English 4 month(s) ago

FDI key to high trade surplus

Vietnam’s economy is experiencing a record four-month trade surplus, the highest in the past four years, mostly driven by foreign-backed firms.

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Vietnam’s outlook rating remains stable: S&P

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Báo Dân Trí English 4 month(s) ago

Vietnam’s outlook rating remains stable: S&P

The Ministry of Finance has announced that the rating agency Standard & Poor’s (S&P) on April 29 gave Vietnam a crediting rating of BB-/B and a stable outlook, unchanged from the ratings announced in March 2015.

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Current account deficit rises to $542M in 4Q15

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VietStock FI English 4 month(s) ago

Cambodia's current account balance deficit was the equivalent of $542 million in the fourth quarter of 2015, the equivalent of 11.5 per cent of GDP, the National Bank of Cambodia said in a report released yesterday.

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