Vietnamplus

The Ministries of Finance of Vietnam and Hungary signed a memorandum of understanding (MoU) on financial cooperation in Hanoi on October 16.

The Vietnamese Ministry of Finance (MoF) on December 18 said Moody's Investors Service’s decision to confirm Vietnam’s rating at Ba3 but change the outlook to negative was not appropriate, given it is grounded on an isolated incident and does not adequately recognise the Vietnamese Government’s instituted policies and procedures to ensure smooth and timely debt repayment on government guaranteed borrowings.

The Vietnamese Ministry of Finance (MoF) has said that Moody's Investors Service’s decision to place Vietnam’s Ba3 rating under review for downgrade due to delayed payments on an obligation of the Vietnamese Government was improper as the Government has never delayed meeting debt repayment obligations.

The state budget revenue is estimated at 144.6 trillion VND (over 6.2 billion USD) in January, up 7.5 percent from a year earlier, the Ministry of Finance said on February 1.