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

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Báo Tuổi Trẻ English 3 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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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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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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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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Vietnam gov't plans to borrow over $20 billion this year

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Báo Thanh Niên English 1 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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Ha Noi seeks $115.5 billion to become the second Singapore

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Báo Đầu Tư English 1 month(s) ago

Ha Noi seeks $115.5 billion to become the second Singapore

Ha Noi is calling on colossal investment of about VND2.6 quadrillion (US$115.5 billion) over the next five years as the first step in transforming itself into the second Singapore, announced top officials.

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

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Báo Dân Trí English 2 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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Vietnam’s public debt to double in ten years: expert

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Báo Tuổi Trẻ English 2 month(s) ago

Vietnam’s public debt to double in ten years: expert

Vietnam’s current public debt totals over US$120 billion and is projected to double in ten years, said a financial expert at a conference in Hanoi on Wednesday.

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VN rating outlook remains stable: S&P

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Báo Đầu Tư English 3 month(s) ago

VN rating outlook remains stable: S&P

Standard & Poor's (S&P) last week gave Viet Nam a crediting rating of BB-/B and a stable outlook, unchanged from the ratings announced in March 2015.

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Vietnam among fastest-growing economies in Asia, driven by electronic exports: IMF

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Báo Thanh Niên English 3 month(s) ago

Vietnam among fastest-growing economies in Asia, driven by electronic exports: IMF

After recording a five-year high growth of 6.68 percent last year, Vietnam's economic expansion will slow down to 6.3 percent, but that is a "still-robust" rise, according to the International Monetary Fund.

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Vietnam’s outlook rating remains stable: S&P

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Báo Dân Trí English 3 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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IMF hails VN’s economic achievements

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

IMF hails VN’s economic achievements

VGP – The International Monetary Fund (IMF) hailed active developments in Viet Nam’s economy, said IMF Resident Representative in Viet Nam John Nelmes at his meeting with Head of the Party Central Committee’s Commission for Economic Affairs Nguyen Van Binh on April 21 in Ha Noi.

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Vietnam fiscal threat looms as debt tops Asian neighbors: chart

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Báo Thanh Niên English 3 month(s) ago

Vietnam fiscal threat looms as debt tops Asian neighbors: chart

Vietnam’s government is facing the biggest fiscal strain among emerging markets in Southeast Asia as public debt climbs, economic growth moderates and foreign reserves fall. State debt is set to reach 64 percent of gross domestic product this year, compared with 41 percent in Thailand and 56 percent in Malaysia, the World Bank said in a report this week. Total foreign debt is still fairly moderate though compared to peers. While growth in Vietnam is forecast to ease to 6.2...

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