Indonesia to expand social aid, incentives for businesses World

Indonesia to expand social aid, incentives for businesses

The Indonesian Government is planning to expand its social aid programme and incentives for micro, small and medium enterprises (MSMEs) in an effort to boost consumer spending and revive the economy in the second half of this year.
Top legislator makes suggestions to Hanoi’s draft political report Politics

Top legislator makes suggestions to Hanoi’s draft political report

Chairwoman of the National Assembly (NA) Nguyen Thi Kim Ngan and Secretary of Hanoi’s Party Committee Vuong Dinh Hue co-chaired a conference in Hanoi on August 1 to collect opinions of the Party Delegation to the NA to a draft political report of the municipal Party Committee’s 17th congress in the 2020-2025 tenure.
AMRO economist impressed with Vietnam’s achievements since joining ASEAN ASEAN

AMRO economist impressed with Vietnam’s achievements since joining ASEAN

In a recent interview granted to Vietnam News Agency correspondent in Singapore, Dr. Hoe Ee Khor, Chief Economist at the ASEAN+3 Macroeconomic Research Office (AMRO), expressed his impressions on Vietnam’s economic achievements and contributions to the Association of Southeast Asian Nations (ASEAN) since the country joined the bloc 25 years ago.
Stock market celebrates 20th birthday Business

Stock market celebrates 20th birthday

A ceremony was held in HCM City on July 20 in the presence of Prime Minister Nguyen Xuan Phuc to mark the 20th anniversary of Vietnam’s stock market and the Ho Chi Minh Stock Exchange (HoSE).
Indonesian House of Representatives approves assistance funds to SOEs World

Indonesian House of Representatives approves assistance funds to SOEs

The Indonesian House of Representatives has approved the proposal for government assistance in the form of state capital participation (PMN), disbursement of government debt to State-Owned Enterprises (SOEs) and loan funds worth 151.15 trillion Rp (10.32 billion USD) for a number of SOEs.
H1 State budget revenue in HCM City plummets Business

H1 State budget revenue in HCM City plummets

Ho Chi Minh City witnessed a sharp fall in the State budget revenue but a surge in spending during the first half of 2020 due to COVID-19 impact, according to the municipal Statistics Office.
Petrolimex plans stock sale, divestment of State capital Business

Petrolimex plans stock sale, divestment of State capital

The Vietnam National Petroleum Group (Petrolimex) plans to sell 15 million treasury stocks in transactions held between June 16 and July 15 to mobilise capital for investment in 2020, announced chairman Pham Van Thanh at Petrolimex’s recent annual general meeting of shareholders.
Indonesia raises budget deficit to 6.34 percent of GDP World

Indonesia raises budget deficit to 6.34 percent of GDP

The Indonesian Government widened the state budget deficit to 6.34 percent of the gross domestic product (GDP), or 1,039.2 trillion IDR (73.28 billion USD), in the revised state budget 2020, from earlier 5.07 percent, or 852.9 trillion IDR.
Indonesia disburses 3.7 billion USD to support 12 SOEs World

Indonesia disburses 3.7 billion USD to support 12 SOEs

The Indonesian government has decided to spend 52.5 trillion Rp (about 3.7 billion USD) to help 12 state-owned enterprises (SOEs) resume their post-pandemic operations, towards reviving the national economy, said Finance Minister Sri Mulyani on June 3.