Budget deficit prompts spending crackdown

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VOV News English 2 week(s) ago

Faced with a large deficit, the government is cracking down on the usage of the state budget.

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Will a cooler China economy affect Vietnam?

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VietnamNet English 2 week(s) ago

Will a cooler China economy affect Vietnam?

VietNamNet Bridge - The turmoil in the Chinese stock market has raised concerns about the possible cooling down of the Chinese economy, which could influence the world’s economy, including Vietnam.

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China's currency devaluation will hit Vietnam really hard: economists

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Báo Thanh Niên English 2 week(s) ago 1 related news

China's currency devaluation will hit Vietnam really hard: economists

Vietnam, which heavily trades with China, will face greater trade deficit risks after the yuan was devalued, giving Chinese exports a significant competitive edge, economists said.

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Trade ministry monitors impact of weaker yuan on exports

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VietnamNet English 2 week(s) ago 1 related news

The Ministry of Industry and Trade is keeping a close watch on the impact of China’s sharp yuan devaluation on the exchange rate between the U.S. dollar and the local dong currency and on Vietnam’s foreign trade.

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Weaker Chinese yuan to take toll on Vietnamese exporters

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

Weaker Chinese yuan to take toll on Vietnamese exporters

With the devaluation of the Chinese yuan on Tuesday sparking fears of a global currency war, Vietnamese exporters also face immediate concerns as their goods are now more expensive in China, their major exporting market.

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Vietnam's Jan-Jul foreign debt nears $1 billion

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VietnamNet English 2 week(s) ago 1 related news

Vietnam's Jan-Jul foreign debt nears $1 billion

Vietnam’s total foreign debt stood at $172.6 million in July and the figure for the first seven months came in at $933.3 million, according to the Ministry of Finance (MoF).

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New decree pushes trade to get in line with WTO commitments

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VOV News English 2 week(s) ago

New decree pushes trade to get in line with WTO commitments

Decision 1233/QD-TTg, which took effect August 3, has set new trade targets and regulations for the 2016-20 period, concerned with reducing the current trade deficit and getting the country in line with trade commitments.

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Solving public debt much more difficult than inflation

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VietnamNet English 3 week(s) ago

Solving public debt much more difficult than inflation

VietNamNet Bridge – Deputy governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong said at the Government’s media briefing in Hanoi last week that the central bank is weighing the Ministry of Finance’s proposal for a VND30 trillion (US$1.37 billion) loan to finance the State budget deficit. Dr. Pham The Anh of the National Economics University talked over the matter.

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Exchange rate, budget deficit are high risks for Vietnam economy

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VietnamNet English 3 week(s) ago

Exchange rate, budget deficit are high risks for Vietnam economy

VietNamNet Bridge - The dong/dollar exchange rate and the loss of state budget revenue from tax collections are the two most serious challenges for the national economy, according to a report issued in July by the National Finance Supervision Council.

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Rise in disbursed FDI mirrors investors’ growing confidence

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VietnamNet English 3 week(s) ago 1 related news

Rise in disbursed FDI mirrors investors’ growing confidence

VietNamNet Bridge – Despite a seven-month decrease in newly-registered and expanded foreign direct investment, a significant rise in disbursement of this type of capital has reflected foreign investors’ climbing confidence and contribution to Vietnam’s economy.

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Vietnam’s budget deficit tops $4.63bn in January-July: ministry

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Báo Tuổi Trẻ English 3 week(s) ago 1 related news

Vietnam’s budget deficit tops $4.63bn in January-July: ministry

Vietnam’s government spending in the first seven months of 2015 overshot its budget plan by more than US$4.5 billion, the Ministry of Finance said.

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Finance Ministry releases economic data

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VietnamNet English 3 week(s) ago 1 related news

Finance Ministry releases economic data

The Ministry of Finance has announced economic results for July and the first seven months of the year.

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Vietnam’s forex reserves sufficient, dong won’t depreciate further

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VietnamNet English 3 week(s) ago 1 related news

Vietnam’s forex reserves sufficient, dong won’t depreciate further

VietNamNet Bridge - The watchdog agency has reassured the public, saying that the dong/dollar exchange rate will not lose more than 2 percent of value by the end of the year and that the foreign exchange reserves have reached $37 billion.

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VN economy continues to recover

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VietnamNet English 3 week(s) ago 1 related news

VN economy continues to recover

The National Financial Supervisory Commission (NFSC) has released a report on Vietnam’s economic situation in the first seven months of 2015, which also includes information on first-half results.

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Rise in disbursed FDI mirrors investors’ growing confidence

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Báo Đầu Tư English 1 month(s) ago 1 related news

Rise in disbursed FDI mirrors investors’ growing confidence

Despite a seven-month decrease in newly-registered and expanded foreign direct investment, a significant rise in disbursement of this type of capital has reflected foreign investors’ climbing confidence and contribution to Vietnam’s economy.

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