Circular tightens offshore borrowings

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Báo Đầu Tư English 1 week(s) ago

Circular tightens offshore borrowings

A circular containing new regulations on offshore borrowing took effect on April 15, expanding the central bank’s control over offshore borrowings to short-term loans. Doan Tu Tich Phuoc, lawyer at Duy Long Legal LLC, provides some insight on the topic.

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Bond market issuance high in 2016

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Báo Đầu Tư English 3 week(s) ago

Bond market issuance high in 2016

In order to comply with the 2016 socio-economic plan and meet the state budget for development and investment, regular expenditures, and debt repayment, the raising of capital through government bond channels continues to play an important role.

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Preferential ODA loans to be cut off from July 2017

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Báo Dân Trí English 1 month(s) ago

Preferential ODA loans to be cut off from July 2017

From July 2017, Vietnam would no longer receive preferential loans in the form of official development assistance (ODA), a finance department official said at a conference on March 22.

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Expert urges Vietnam to count pennies as gov’t debts spike

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Báo Tuổi Trẻ English 1 month(s) ago

Expert urges Vietnam to count pennies as gov’t debts spike

With debts owed by the Vietnamese government having more than doubled over the past five years, an economic expert warns against reckless spending to avoid exacerbating the situation.

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Interest reduced on dollar, euro loans

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VOV News English 3 month(s) ago

Interest reduced on dollar, euro loans

The Vietnam Asset Management Company (VAMC) has cut the applicable interest rates on euro and US dollar-denominated non-performing loans (NPLs) purchased from credit institutions.

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Finance Ministry claims anti-corruption success

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Báo Dân Trí English 3 month(s) ago

Finance Ministry claims anti-corruption success

Finance Ministry officials uncovered 125 cases of corruption over the past decade, prosecuting 2,634 individuals and recovering more than VND90.7 trillion.

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Mortgage Matters Part 3: How to pay back your loan faster in 2016

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VietStock FI English 3 month(s) ago

2016 has now arrived, and as the New Year comes you might be turning your attention to your long-ignored mortgage.

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Loan limit for disadvantaged students increased

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VOV News English 4 month(s) ago

Loan limit for disadvantaged students increased

Students in difficulty nationwide could get preferential loans from the Vietnam Bank for Social Policies (VBSP) with a maximum amount of VND1.25 million (US$54) per month from January 9, instead of the current VND1.1 million (US$48), under a decision recently issued by the Prime Minister.

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Lending in foreign currency regulations

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Báo Đầu Tư English 4 month(s) ago

Lending in foreign currency regulations

The State Bank of Vietnam (SBV) has issued Circular No. 24/2015/TT-NHNN on providing foreign currency loans by credit institutions and foreign bank branches to residents. The Circular applies to credit institutions and foreign bank branches allowed to conduct foreign-exchange activities and lending in foreign currency ("Lender"), and residents borrowing from Lenders ("Borrower").

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Mortgage Matters Part 2: What’s in a Home Loan

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VietStock FI English 5 month(s) ago

There are three basic components to any mortgage: the home loan amount, interest rate, and loan term. You must understand these clearly before you start the home loan application process.Realestate.com.kh is here to help with a very simple guide.

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Borrowing billions of USD to save State budget leads to vicious cycle

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VietnamNet English 6 month(s) ago

Borrowing billions of USD to save State budget leads to vicious cycle

VietNamNet Bridge – The issue of the national budget, always the subject of public attention at each session of the National Assembly, has become more important as the Government struggles to balance the budget.

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Recalculation shows Vietnam’s public debt at 66.4% of GDP

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VietnamNet English 7 month(s) ago

Recalculation shows Vietnam’s public debt at 66.4% of GDP

VietNamNet Bridge - The Ministry of Planning and Investment (MPI), after a recalculation, has announced that Vietnam’s public debt in 2014 was equal to 66.4 percent of GDP, or 6.5 percent higher than the 59.9 percent rate made public before.

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VN’s public debt may increase by VND20 trillion due to exchange-rate fluctuations

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VietnamNet English 8 month(s) ago

VN’s public debt may increase by VND20 trillion due to exchange-rate fluctuations

VietNamNet Bridge – Vietnam’s public debt based on Vietnam dong (VND) may increase by VND15-VND20 trillion after the recent exchange rate fluctuations.

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Tsipras softens stand on Greek debt relief before election

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VOV News English 8 month(s) ago

Tsipras softens stand on Greek debt relief before election

Outgoing Prime Minister Alexis Tsipras signaled on August 26 he would accept an easing of Greece's huge debt burden if he wins elections expected next month without any of the write-offs he has long demanded.

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Greece authorizes $3.6B payment on ECB-held bonds

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Báo Thanh Niên English 9 month(s) ago

Greece has authorized the repayment of $3.6 billion of bonds held by the European Central bank following the approval of the nation's third bailout by Euro-area finance ministers. Bloomberg's Vassilis Karamanis reports on "Bloomberg Surveillance."

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