PM steps up overhaul of banks

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Nhân dân English 2 day(s) ago 2 related news

Nhan Dan – The Prime Minister has approved the formation of an asset management company which will purchase non-performing loans from banks in an effort to speed up the clean-up of bad debts, which is preventing banks from providing more business loans and dampening economic growth.

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As economy flounders, Vietnam banks on debt cleanup

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Báo Thanh Niên English 3 week(s) ago

As economy flounders, Vietnam banks on debt cleanup

A man sleeps on a motorbike in front of a closed supermarket in Hanoi April 25, 2013. Photo: Reuters

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ANZ Vietnam sees dollar-bond sales topping 2012

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Báo Thanh Niên English 1 month(s) ago

ANZ Vietnam sees dollar-bond sales topping 2012

A Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) branch stands near the Binh Tay market in Chinatown in Ho Chi Minh City. VietinBank was the only issuer of international dollar bonds in 2012.

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China's economy grew 7.7% in first quarter

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

China's economy grew 7.7% in first quarter

China's economic growth slowed to 7.7 percent in the first quarter of this year, the government said Monday, a shock result that came in below expectations.

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Vietnam growth requires reform, parliament leader says

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Báo Thanh Niên English 1 month(s) ago

Vietnam growth requires reform, parliament leader says

Vietnam’s government will need to accelerate economic structural reforms to boost growth that was at a 13-year low last year, National Assembly Vice Chairwoman Nguyen Thi Kim Ngan said.

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Vietnam growth rate predicted at 5.3%

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Nhân dân English 1 month(s) ago

Vietnam growth rate predicted at 5.3%

Nhan Dan Online – Real gross domestic product (GDP) in Vietnam is predicted to increase at an annual rate of 5.3% for calendar year 2013 according to a recently released report of the National Financial Supervisory Commission.

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Bao Viet Holdings rises on earnings, dividend plan

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Báo Thanh Niên English 1 month(s) ago

Bao Viet Holdings, Vietnam’s biggest listed insurer, snapped a two-day loss in Ho Chi Minh City share trading after forecasting revenue will jump 11 percent this year and saying it will raise its dividend payment.

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Vietnam GDP growth slows in first quarter as banks struggle

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Báo Thanh Niên English 2 month(s) ago

Vietnam GDP growth slows in first quarter as banks struggle

Vietnam’s growth slowed in the first quarter, putting pressure on the government to revive bank lending in an economy hobbled by bad debt.

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Trade deficit returns on high imports

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VOV News English 2 month(s) ago

Trade deficit returns on high imports

Imports exceeded exports in March by US$300 million, marking the return of the trade deficit in Vietnam after the country experienced a trade surplus in the first two months of this year and in 2012.

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TPG seeks first Vietnam investment since 2009 on growth outlook

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Báo Thanh Niên English 2 month(s) ago

TPG Capital, the private-equity firm run by David Bonderman and James Coulter, is seeking its first Vietnam investment in almost four years as the country’s growing middle class offer growth opportunities.

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Vietnam inflation eases in March

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Báo Thanh Niên English 2 month(s) ago

Inflation in Vietnam decelerated to its slowest rate in six months, official figures showed Saturday, as the economy struggles to shrug off the threat of stagnation.

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Trade deficit returns on lift in domestic import demand

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Báo QĐND English 2 month(s) ago 1 related news

Trade deficit returns on lift in domestic import demand

Imports exceeded exports in March by 300 million USD, marking the return of the trade deficit after the country experienced a trade surplus in the first two months of this year and in 2012.

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Viet Nam forms panel to restructure banks

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Hanoi Times English 2 month(s) ago

The Hanoitimes - Viet Nam will set up a committee to restructure its banking system by 2015 as the nation tries to bolster an economy expanding at the slowest pace in 13 years.

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Trade surplus widens in Feb

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Báo điện tử CP English 3 month(s) ago 3 related news

Trade surplus widens in Feb

VGP – Viet Nam posted the trade surplus of US&900 million in February, sending to total figure in the first two months to nearly US$1.7 billion, according to official statistics.

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World Bank cut its global growth forecast in 2013

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Hanoi Times English 4 month(s) ago

The Hanoitimes - Developing countries need to focus o­n raising the growth potential of their economies, while strengthening buffers to deal with risks from the Euro Area and fiscal policy in the US, said the World Bank in the newly-released Global Economic Prospects (GEP) report. The Bank estimates global GDP grew 2.3% in 2012, compared with last June’s expectation of 2.5%. Growth is expected to remain broadly unchanged at 2.4% growth in 2013, before gradually strengthening to 3.1% in 2014...

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