Saturday, April 20, 2019 - 1:31:05

borrowing

Public debt poses big risk to Vietnam

Business

Public debt poses big risk to Vietnam

The state budget deficit, which regularly remains at a high level, and rising public debt are among the biggest macro-economic risks facing Vietnam, making it more difficult for the government to help the economy head towards growth, said Professor Tran Tho Dat, Principal of the National Economics University (NEU).

Vietnam affirms commitment to contributing to IFAD activities

Politics

Vietnam affirms commitment to contributing to IFAD activities

Ambassador Nguyen Thi Bich Hue, Vietnamese Permanent Representative to the International Fund for Agricultural Development (IFAD), has lauded the fund’s support to Vietnam over the years and affirmed the Vietnamese Government wants to strengthen cooperation with and contribute more to the fund’s activities.

Forex lending to continue next year

Business

Forex lending to continue next year

The State Bank of Vietnam (SBV) is drafting a new circular on foreign currency lending, allowing credit institutions and foreign bank branches to extend loans to some borrowers in 2019 instead of cutting them off at the end of this year as planned.

Ex-leader of VNCB sentenced to 20 years in prison

Society

Ex-leader of VNCB sentenced to 20 years in prison

Pham Cong Danh, ex-Chairman of the Board of Directors of the Vietnam Construction Bank (VNCB), has been given a 20-year prison term for “deliberately violating State regulations on economic management, causing severe consequences” at the bank.