EVN banned from investment in property, finance and securities

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Báo Đầu Tư English 5 day(s) ago 1 related news

EVN banned from investment in property, finance and securities

The government has issued a regulation on financial management for Vietnam Electricity Group (EVN), banning the group from investing in certain of non-core areas, such as real estate, finance and securities.

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Terms of home loan repayments extended

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VietNam News English 5 day(s) ago

The Government has extended repayment terms from 10 to 15 years on loans borrowed from the national VND30 trillion (US$1.41 billion) home-credit package.

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EVN banned from investment in property, finance and securities

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Báo Dân Trí English 5 day(s) ago 1 related news

EVN banned from investment in property, finance and securities

The government has issued a regulation on financial management for Vietnam Electricity Group (EVN), banning the group from investing in certain of non-core areas, such as real estate, finance and securities.

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Vietnam’s public debt increases by over $3 billion in five months

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VietnamNet English 1 week(s) ago

Vietnam’s public debt increases by over $3 billion in five months

VietNamNet Bridge - On average, each Vietnamese person bears about $921 debt, higher than the projected figure for entire 2014 and over VND500,000 ($25) up in just five months.

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Holdout creditor calls on U.S. court to hold Argentina in contempt

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Báo Thanh Niên English 1 week(s) ago

A U.S. investment fund pressing for full repayment on Argentine debt is urging a U.S. judge to consider declaring Argentina in contempt after Buenos Aires announced plans to skirt court rulings that pushed it into default.

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Quang Binh earmarks US$38.8 million to cope with climate change

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Báo Dân Trí English 1 month(s) ago

Quang Binh earmarks US$38.8 million to cope with climate change

Quang Binh provincial authorities on July 10 approved a plan on environmental improvement and urban infrastructure development to cope with climate change in Dong Hoi city, with total capital of US$38.8 million (Phase I).

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Central bank assuages foreign currency lending fears

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Báo Đầu Tư English 1 month(s) ago

Central bank assuages foreign currency lending fears

Increasing foreign currency lending does not present a risk to the Vietnamese economy, said Nguyen Thi Hong, director of the Monetary Policy Department under the State Bank of Vietnam (SBV), at a press conference on July 6.

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Vietnam faces pressure to repay its short-term loans

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Báo Thanh Niên English 2 month(s) ago

Despite keeping public debts at safe levels, Vietnam faces major pressure in seeking new loans to repay old ones in the coming years, said Minister of Finance Dinh Tien Dung.

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VAMC announces interest rate for purchased bad debts

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VietNam News English 4 month(s) ago 2 related news

Vietnam Asset Management Company (VAMC) will adjust annual interest rates for purchased bad debts at 10.7, 5.2 and 5.7 per cent for the Vietnamese dong, US dollar and Euro, respectively.

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Vietnam is expected to repay nearly $10bil. in 2014

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VietnamNet English 5 month(s) ago 1 related news

Vietnam is expected to repay nearly $10bil. in 2014

VietNamNet Bridge - The Prime Minister has issued Decision 447 on borrowing and repayment plans in 2014. Limits on government-guaranteed loans and medium and long-term foreign loans of enterprises and organizations in 2014 are also mentioned in the decision.

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Each Vietnamese bears USD886 in public debt

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Báo Dân Trí English 5 month(s) ago

Each Vietnamese bears USD886 in public debt

With public debt accounting for 48% of the GDP, each Vietnamese citizen currently owes VND18.6 million (USD886).

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Banks buy bonds, but capital remains locked

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Báo Thanh Niên English 5 month(s) ago

Banks buy bonds, but capital remains locked

A teller counts money at a branch of Vietnam International Bank in Hanoi

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LienVietPostBank funds Laos hydropower project

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VOV News English 8 month(s) ago

LienVietPostBank funds Laos hydropower project

(VOV) -Lien Viet Post Joint Stock Commercial Bank (LienVietPostBank) has approved a credit package worth US$193.66 million for the expansion of the Xekaman 1 hydropower plant in Laos.

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Businesses' loans without Govt's guarantee regulated

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VietnamPlus English 8 month(s) ago

Prime Minister Nguyen Tan Dung has signed a decree on managing businesses’ foreign loans which are not guaranteed by the Government and their repayment.

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Economist points finger at poor management for state firms’ inefficiency

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Báo Thanh Niên English 9 month(s) ago

Economist points finger at poor management for state firms’ inefficiency

A file photo of a ship built by the state owned shipbuilding group Vinashin at the launching ceremony. The debt-ridden shipbuilder was restructured and renamed Shipbuilding Industry Corp. in November 2013.

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