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English News

Gov’t gets green light for int’l bond issue

Gov’t gets green light for int’l bond issue

HANOI - The National Assembly’s Financial and Budgetary Committee has thrown support behind the Government’s plans to issue sovereign bonds on international capital markets and Government bonds with shorter tenors to finance budget deficit and debt rescheduling.

Gov’t: Bad debt ratio falls to 2.9%

Gov’t: Bad debt ratio falls to 2.9%

HANOI - As of September, bad debt in the banking system had dropped to 2.9%, a steep fall from 17.43% recorded in the same month in 2012, according to a Government report sent to the National Assembly (NA).

Consumer lending surges on high demand

Consumer lending surges on high demand

HCMC - Banks and finance companies in HCMC have reported a pickup in outstanding consumer loans in the past three years, driven by high demand of individual customers.

Savings rates rising

Savings rates rising

HCMC – A number of banks have slightly adjusted up savings rates and launched promotional programs to attract more depositors.

Minister Vinh warns of budget constraints next year

Minister Vinh warns of budget constraints next year

HANOI – Minister of Planning and Investment Bui Quang Vinh has warned that the State budget in 2016 would be extremely stretched while demands for investments and debt payments will remain high.

G-bond market recovers

G-bond market recovers

HCMC - The Government bond market has been steadily recovering, buoyed by some positive macro-economic indicators announced at the ongoing meeting of the 13th National Assembly (NA).

NA Justice Committee: Takeovers of ailing banks lawful

NA Justice Committee: Takeovers of ailing banks lawful

HANOI - The central bank’s acquisitions of three debt-laden commercial banks at VND0 a share are lawful as this unprecedented move ensures safety for the entire banking system and protects the legitimate interests of depositors, said Le Thi Nga, vice chairwoman of the National Assembly (NA) Justice Committee.

U.S. dollar price increase slows

U.S. dollar price increase slows

HCMC – The Vietnam dong-U.S. dollar exchange rate quoted by commercial banks stayed flat on November 10 but was VND75-105 higher than the middle of last week.


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