Public debt rising fast, macro-economy stabilizing: PM

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Báo Tuổi Trẻ English 11 hour(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 4 day(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 7 day(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 1 week(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 1 week(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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Canadian gold company resumes operation after two months

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VietnamNet English 2 week(s) ago 1 related news

Canadian gold company resumes operation after two months

VietNamNet Bridge - A Besra Group representative said on September 29 that while waiting to settle tax debts with relevant agencies, the Group would formally restore its production at the Bong Mieu gold mine from September 30 after more than two months of closure.

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Inmate’s relatives place coffin before man’s house, demand repayment

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Báo Tuổi Trẻ English 3 week(s) ago

Inmate’s relatives place coffin before man’s house, demand repayment

A group of people who have a relative serving a life sentence in prison have placed a coffin in front of the house of a man in the central province of Nghe An, as a threat to demand that he return US$37,700 that the group had paid him for his help in getting their family member a lighter sentence.

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As Ukraine's debt tangle unwinds, Russia holds key thread

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Báo Thanh Niên English 3 week(s) ago

As Ukraine's debt tangle unwinds, Russia holds key thread

A selloff on Ukraine's dollar debt is focusing attention on a controversial $3 billion bond held by Russia, raising investor concerns that President Vladimir Putin could use the issue to trigger a cascade of defaults across Kiev's sovereign Eurobonds.

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EVN banned from investment in property, finance and securities

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Báo Đầu Tư English 1 month(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 1 month(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 1 month(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 2 month(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 2 month(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 3 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 3 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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