No more cheap ODA loans for Vietnam come July

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Báo Tuổi Trẻ English 3 week(s) ago

Vietnam will not be able to borrow official development assistance (ODA) at preferential interest rates and terms come July, the Ministry of Finance confirmed on Wednesday.

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Interest rate for social housing loans

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Báo Đầu Tư English 1 month(s) ago

The Việt Nam Bank for Social Policies (VBSP) interest rate for social housing loans in 2017 will be 4.8 per cent per annum, or 0.4 per cent a month, according to a decision just signed by Prime Minister Nguyễn Xuân Phúc.

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Gov’t to borrow over US$15 billion in 2017

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Báo điện tử CP English 1 month(s) ago

VGP - The Government plans to borrow VND 342,06 trillion (more than US$15 billion) this year, according to a scheme approved recently by Prime Minister Nguyen Xuan Phuc.

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Government passes 2016-2018 debt management program

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Báo điện tử CP English 2 month(s) ago

VGP – The PM has ratified the 2016-2018 medium-term debt management program, targeting to keep public debt (government debt, government-guaranteed debt and local government debt) at no more than 65% of gross domestic product (GDP).

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Nearly 480,000 households without housing in HCM City

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Báo Đầu Tư English 4 month(s) ago

The Ho Chi Minh City Department of Construction has recently announced the results of a survey conducted on the status of housing in order to meet demand in the southern city.

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Politburo's Resolution on guidelines and measures to manage public debts

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Báo điện tử CP English 6 month(s) ago

VGP - The Political Bureau on November 18, 2016 issued Resolution No. 07-NQ/TW on guidelines and measures to restructure state budget and manage public debts to ensure the safety and stability of the national finance.

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Eurozone agrees debt relief for Greece amid IMF row

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Báo Đầu Tư English 7 month(s) ago

BRUSSELS: Eurozone finance ministers on Monday (Dec 5) approved new debt relief measures to alleviate Greece's colossal debt mountain in the wake of its huge 86-billion-euro bailout, but at levels far short of those demanded by the IMF.

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Vietnam legislature passes resolution on country’s five-year financial plan

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Báo Tuổi Trẻ English 8 month(s) ago 1 related news

An annual seven-percent increase to the minimum wage during the 2016-2020 period is among the fiscal policies set out by Vietnam’s lawmaking National Assembly (NA) in its resolution passed this week.

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Vietnam spends $1bn servicing ODA debts every year

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Báo Tuổi Trẻ English 8 month(s) ago

Vietnam earmarks some US$1 billion every year for repaying official development assistance (ODA) loans, one Ministry of Finance agency said on Tuesday.

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ODA interest rates to increase

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Báo Dân Trí English 8 month(s) ago

ODA interest rates for Vietnam may increase to 2%-3.5% starting from next July as preferential ODA loans end.

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SBV reiterates disallowance of loan rollover

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Báo Đầu Tư English 9 month(s) ago

The State Bank of Việt Nam has reminded foreign credit institutions and bank branches of its rollover loan requirements.

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PM weighs in on rice lending

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VietStock FI English 9 month(s) ago

PM weighs in on rice lending

Rice millers said yesterday they welcomed the prime minister’s announcement that the government would make over $20 million in funds available shortly to support cash-strapped millers and prop up falling paddy prices.

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Schools to teach financial literacy

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VietStock FI English 11 month(s) ago

The central bank is working on developing a new syllabus for financial literacy that will be included in the general education curriculum, but has yet to find a development partner to help craft a program, an official said yesterday.

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5 arrested for kidnapping Chinese businessman in Hanoi

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Báo Thanh Niên English 12 month(s) ago

Five men have been arrested in Hanoi for allegedly kidnapping a Chinese businessman to demand repayment of a 700,000-yuan (US$105,000) loan he had guaranteed for a friend.

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Banks offer credit for those with steady jobs

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VietStock FI English 13 month(s) ago

Banks offer credit for those with steady jobs

The number of banks offering advance salary loans has grown since Acleda Bank first introduced the concept in Cambodia in late 2013, though some financial institutions remain wary of offering the unsecured lines of credit.

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