Finance Ministry responds to Moody’s latest rating action Business

Finance Ministry responds to Moody’s latest rating action

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.
Vietnam, UK share experience in financial field Business

Vietnam, UK share experience in financial field

The United Kingdom is willing to provide technical assistance to help increase the efficiency of the Vietnamese economy, and intensify cooperation with the country in preventing money laundry, UK Chancellor of the Exchequer Philip Hammond said on July 3.
Thai firm to acquire Agribank subsidiary Business

Thai firm to acquire Agribank subsidiary

Thai financial firm Srisawad Corporation is looking to acquire the Finance Leasing Company I (ALC I) of the Vietnam Bank for Agriculture and Rural Development (Agribank) at an estimated cost of 523 billion VND (22.45 million USD).
VN, Laos discuss budget, public debt management decentralisation Society

VN, Laos discuss budget, public debt management decentralisation

The Vietnamese National Assembly (NA)’s Finance and Budget Committee and the Planning, Finance and Audit Committee of the Lao NA jointly held a conference to discuss decentralisation of state budget and public debt management on June 27 in the central province of Quang Nam.
Japan provides 11 billion JPY loan for Vietnam Business

Japan provides 11 billion JPY loan for Vietnam

The Japanese Government will provide the Vietnamese Government with an 11 billion JPY loan in the 2016 fiscal year to help Vietnam's improve socio-economic infrastructure and the competitiveness.
Business

Vietnam, Italy boost banking and finance ties

Senior Vietnamese finance and banking officials recently met with representatives from Italy’s Central Bank and Ministry of Economic Development in Rome to discuss policies supporting small and medium-sized enterprises (SMEs).