Dissolved businesses continue to rise

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Báo Dân Trí English 3 month(s) ago

Dissolved businesses continue to rise

Around 7,500 businesses in Vietnam were dissolved in the first eight months of this year due to business difficulties, up 3.5% on-year, the General Statistics Office said in a report.

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Each Vietnamese to bear additional US$180 of public debt by year end

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Báo Dân Trí English 3 month(s) ago

Each Vietnamese to bear additional US$180 of public debt by year end

From now until the end of the year, total public debt could reach VND3,000,000 billion (US$134.5 billion) and each Vietnamese will shoulder an additional VND4 million (nearly US$180) of public debt.

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Indonesia mulls developing tax-haven areas to lure investment

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Báo Thanh Niên English 3 month(s) ago

Indonesia mulls developing tax-haven areas to lure investment

Indonesia is considering options for setting up tax-haven jurisdictions as it tries to lure back billions of dollars through its amnesty program to fund infrastructure projects and finance the widening budget deficit, Coordinating Maritime Minister Luhut Panjaitan said on Sunday.

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State budget revenue reaches VND 584 trillion in seven months

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Báo điện tử CP English 4 month(s) ago

VGP – State budget revenue in the first seven months reached about VND 584 trillion, equal to 57.5% of the forecast, according to a recent report released by the Ministry of Finance (MoF) on August 10.

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HSBC predicts 6.3% growth

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Báo Dân Trí English 4 month(s) ago

HSBC has put Vietnam’s GDP growth at 6.3 per cent in 2016 and 6.6 per cent in 2017 in its Vietnam at a Glance report released on August 9.

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Standard Chartered Bank: FDI flows to rocket in H2

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Báo điện tử CP English 4 month(s) ago

Standard Chartered Bank: FDI flows to rocket in H2

VGP – Viet Nam’s economic growth in 2016 is forecasted to achieve 6% and the Foreign Direct Investment (FDI) will sharply increase in the second half, according to a report on macro-economy of the Standard Chartered Bank on August 9.

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Trade balance reaches a plateau in Q2

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Báo điện tử CP English 5 month(s) ago 1 related news

Trade balance reaches a plateau in Q2

VGP – Viet Nam’s trade balance surged slightly and reached a plateau in Q2, according to the Viet Nam Institute for Economic and Policy Research (VEPR).

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Vietnam posts $17mn trade deficit in June: customs

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Báo Thanh Niên English 5 month(s) ago

Vietnam posts $17mn trade deficit in June: customs

Vietnam reported a trade deficit of $17 million in June, its customs department said on Thursday, well below the $100 million deficit estimated by the government.

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Eurozone slams Spain, Portugal on excessive deficits

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Báo Đầu Tư English 5 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 5 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 5 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 5 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 5 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 5 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 5 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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