public debt

Update news public debt

Gov't aims to reduce public debt

 VietNamNet Bridge – Finance Minister Dinh Tien Dung told Ha Noi Moi (New Ha Noi) that achieving equitisation targets for State-owned enterprises and alleviating debt would be high priorities this year.

Higher public debt ceiling likely

 VietNamNet Bridge – Minister of Planning and Investment Bui Quang Vinh has underlined the possibility of lifting the public debt limit to have funding for development investments.

HCM City tightens management over land issue violations

 VietNamNet Bridge – Land issue violations cost the capital city VND160 billion (US$7.6 million) and 3.88ha of land during 2014, Ha Noi Inspectorate Deputy Chief Bui Van Dinh said on Monday at a meeting.

Dong depreciation increases Vietnam’s foreign debt

VietNamNet Bridge – The latest decision by the State Bank of Vietnam (SBV) will put pressure on Vietnam’s foreign debt payments in 2015, analysts have said.

BUSINESS IN BRIEF 6/1

 Ministry urges bank listings to boost transparency; MSN sells Masan Agri, divests from Mivipack; Domestic firms brace for tough competition; Leaders insist public debt increases no cause for alarm

BUSINESS IN BRIEF 31/12

Thanh Hoa province to have new airport; Each Vietnamese bears over US$950 public debt; Red River Delta lures 5,207 FDI projects; Fruit and vegetable trade surplus hit US$956 mil; Vietnamese firms invest over US$1.6 bil abroad in 2014

SOEs cop blame for public debt

 VietNamNet Bridge – SOEs may cease to be the engine of the national economy if they don't speed up restructuring.

If crude oil prices fall, will the public debt go up?

 VietNamNet Bridge – Economists have warned that the drop in the crude oil price will put pressure on the public debt, because the government will have to issue more bonds and increase borrowing.

Vietnam’s public debt is still within sustainable threshold

VietNamNet Bridge – Many questions have recently surfaced over a lot of macroeconomic issues in Vietnam, especially the use of official development assistance, the country’s rising public debt, and institutional changes among others.

Public debt: a frank look and solutions

VietNamNet Bridge – When the National Assembly promulgated the Law on Public Debt Management in 2009, Vietnam’s public debt to GDP ratio was similar to other countries; however, that ratio has increased rapidly

BUSINESS IN BRIEF 23/11

FPT revenue reaches $1.6b in first 10 months; Vietnam trade gap shrinks US$2 billion; Twelve e-commerce websites fined for violations; MPI wants higher public debt threshold; Tra fish exporters want ice-ratio rule delayed

PM responds to NA deputies’ queries

Prime Minister Nguyen Tan Dung laid out a series of measures to deal with public debt and bad banking loans by 2020 in his address to lawmakers yesterday.

MPI suggests raising public debt ceiling to 68% of GDP

VietNamNet Bridge – The Ministry of Planning and Investment (MPI) has suggested raising the the average public debt for 2014-2020 to 68 percent of GDP from the current level set by the National Assembly at 65 percent.

Government to focus on controlling public debt, bad debt

 The Government will keep close control on public debt and strive to bring bad debt ratio to around three percent, according to a resolution adopted following the Cabinet regular meeting in October.

BUSINESS IN BRIEF 3/11

 VN economy improving: CBRE; Minister Vinh says falling FDI approvals no cause for concern; Bac Ninh welcomes smartphone plant; Trade surplus in 10 months: Satisfactory but unsustainable; Vietnamese flock to Japan on reduced prices

PM: Public debt remains within limit

 Prime Minister Nguyen Tan Dung announced that public debt remains below the safety limit of 65 percent of gross domestic product (GDP), and will sink to 60.2 percent by 2020.

Public, foreign debts within limit, says PM

“State budget overspending accounts for 5.3% of GDP, while the pubic, government and foreign debts are lower than the permitted level set by the National Assembly (NA) in its Resolution 10 released in 2011”, affirmed Prime Minister Nguyen Tan Dung.

Vietnam public debt close to “risky level”

VietNamNet Bridge - The ratio of public debt reported by the Government to the National Assembly is "almost" 64% of GDP, according to NA Vice President Nguyen Thi Kim Ngan. 

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 would not be considerable, especially in 2016-2019,

NA chairman notices State budget safety

 VietNamNet Bridge – National Assembly (NA) chairman Nguyen Sinh Hung on October 9 urged ministers to solve problems in connection to budget collections and spending to secure budget safety in 2014 and 2015.