Vietnam’s foreign debt repayment reaches $33.1bn in 2013: finance ministry

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Báo Tuổi Trẻ English 7 day(s) ago

Vietnam’s foreign debt repayment reaches $33.1bn in 2013: finance ministry

Vietnam spent VND693 trillion (US$33.13 billion) on clearing foreign debts in 2013, the Ministry of Finance recently said in its third public debt bulletin.

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Public debt: a frank look and solutions

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VietnamNet English 3 week(s) ago

Public debt: a frank look and solutions

VietNamNet Bridge – When the National Assembly promulgated the Law on Public Debt Management in 2009, Vietnam’s public debt to GDP ratio was similar to other countries; however, that ratio has increased rapidly in recent years. Vietnam is faced with the question of how to ensure debt safety, as large or small scale debt does not matter as much as the ability to repay the debt does.

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NA session comes to a close with measures to cut back public debt

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VietnamNet English 1 month(s) ago 2 related news

NA session comes to a close with measures to cut back public debt

Prime Minister Nguyen Tan Dung laid out a series of measures to deal with public debt and bad banking loans by 2020 in his address to lawmakers yesterday.

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NA session comes to a close with measures to cut back public debt

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VietNam News English 1 month(s) ago 2 related news

NA session comes to a close with measures to cut back public debt

Prime Minister Nguyen Tan Dung laid out a series of measures to deal with public debt and bad banking loans by 2020 in his address to lawmakers yesterday.

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Alibaba said to seek $8B in bond for loan repayment

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Báo Thanh Niên English 1 month(s) ago

Alibaba is planning to raise as much as $8 billion as soon as next week in its first U.S. bond sale, just two months after the Chinese company completed the biggest public stock offering ever, people with knowledge of the matter said. Bloomberg’s Leslie Picker reports on “Bloomberg West.”

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Vietnam must wean itself off foreign aid: lawmakers

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

Vietnam must wean itself off foreign aid: lawmakers

Related agencies should strengthen management of official development assistance (ODA) as waste and corruption continue to plague ODA-funded projects, according to comments made by delegates during the ongoing National Assembly (NA) session.

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Vietnam should gradually reduce, then stop receiving foreign aids: lawmakers

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

Vietnam should gradually reduce, then stop receiving foreign aids: lawmakers

Related agencies should strengthen management of official development assistance (ODA) as waste and corruption continue to plague ODA-funded projects, according to comments made by delegates during the ongoing National Assembly (NA) session.

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Controversial Long Thanh airport project

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VOV News English 1 month(s) ago 2 related news

Controversial Long Thanh airport project

(VOV) -It is not the right time to consult the Long Thanh airport construction project with the National Assembly (NA) that is scrutinizing public debt-related issues, said Transport Minister Dinh La Thang.

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PM calls for sustained efforts to deal with public debt

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VOV News English 1 month(s) ago

PM calls for sustained efforts to deal with public debt

(VOV) -Prime Minister Nguyen Tan Dung has asked cabinet members to clarify some issues related to public and bad debts, the structure of budget revenue and spending and control measures to reduce non-performing loans to only 3%.

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Vietnam public debts continue to rise

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Báo Thanh Niên English 2 month(s) ago

Vietnam public debts continue to rise

Servicing of Vietnam’s public debts, including those borrowed to pay older loans, is estimated to account for 26.2 percent of the government’s revenues this year, higher than the 25 percent cap that is in place, Prime Minister Nguyen Tan Dung said.

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Public debt rising fast, macro-economy stabilizing: PM

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Báo Tuổi Trẻ English 2 month(s) ago

Public debt rising fast, macro-economy stabilizing: PM

Vietnam’s debt is rising rapidly, and the country has to set aside more money from its national state budget for debt repayment, said Vietnam’s Prime Minister in a recent meeting of the National Assembly (NA) that aired on Monday.

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International bond issuances: who are the borrowers?

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VietnamNet English 2 month(s) ago

VietNamNet Bridge – The Ministry of Finance (MOF) does not make public the names of borrowers of the capital the government mobilizes through its international bond issuances, making it difficult to control repayment obligations of debtors.

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ODA for Long Thanh airport not to affect public debt

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VietnamNet English 2 month(s) ago 1 related news

ODA for Long Thanh airport not to affect public debt

VietNamNet Bridge – The impact, if any, of ODA loans on the Long Thanh international airport project on gross domestic product (GDP) would not be considerable, especially in 2016-2019, Deputy Minister of Transport Nguyen Hong Truong said last week.

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Default risk alert as Li shakes local safety net

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Báo Thanh Niên English 2 month(s) ago

Default risk alert as Li shakes local safety net

Rating companies say the risk of defaults in China has risen as Premier Li Keqiang pares implicit guarantees for local-government financing vehicles.

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No salary hike for state employees next year: finance minister

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Báo Tuổi Trẻ English 2 month(s) ago

No salary hike for state employees next year: finance minister

There is no resource left from the current tight state budget to set aside for salary hike for state workers next year, said finance minister Dinh Tien Dung at a recent meeting of the Standing Committee of the National Assembly (NA).

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