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).
Voters underline need to prioritise development investment Politics

Voters underline need to prioritise development investment

Voters in different localities voiced their wish that the National Assembly, Government and localities will give the priority to development investment, focusing public investment on key areas, after watching a live-broadcast discussion as part of the 6th session of the 14th legislature on October 29.
Thailand’s economy sees positive signs ASEAN

Thailand’s economy sees positive signs

The Thai economy continues to gain further traction from both domestic and external demand, the central bank of Thailand (BOT) said in its press release on economic and monetary conditions in August.
Thailand’s economy forecast to grow 4 percent in Q2 World

Thailand’s economy forecast to grow 4 percent in Q2

Thailand’s economy is expected to expand 4 percent in the second quarter of 2018 driven by personal consumption, public spending and increasing exports, said the Fiscal Policy Office (FPO) under the Ministry of Finance.
HCM City seeks WB’s assistance in many aspects Business

HCM City seeks WB’s assistance in many aspects

A high-ranking delegation of Ho Chi Minh City had a working session with leaders of the World Bank (WB) in Washington DC, the US, on December 15, seeking for the institution’s support in many fields.
PM urges lower interest rates, stable taxes Business

PM urges lower interest rates, stable taxes

The Government has instructed corresponding administrative authorities to aim for a 0.5 percent decrease in lending interest rates from now until the end of 2017, while keeping taxes, fees and other charges unchanged, in order to propel the current disbursement rate in public spending and boost businesses’ productivity.
WB President backs Indonesia’s tax reform World

WB President backs Indonesia’s tax reform

President of the WB Group, Jim Yong Kim, has expressed his support to the Indonesian government’s plan on tax reform in an effort to increase the state budget, reported Antara News Agency.
Philippine economy to grow 6.8 percent in 2017: WB World

Philippine economy to grow 6.8 percent in 2017: WB

The World Bank (WB) has predicted that the Philippines will continue its robustgrowth in 2017 with an economic expansion of 6.8 percent, a slight drop compared to the earlier forecast of 6.9 percent it gave in April.