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Roadmap approved to develop bond market

Roadmap approved to develop bond market

Outstanding debt in Vietnam’s bond market is targeted at 45% of total GDP in 2020 and about 65% of GDP in 2030, according to a recently approved roadmap for the market development.

NA considers reports on State budget balance

NA considers reports on State budget balance

The National Assembly (NA) heard reports on State budget balance and audit in 2015 by government members during a working session in Hanoi on May 22, under the chair of NA Vice Chairman Phung Quoc Hien.

Sharp fall seen in debts for building new-style rural areas

Sharp fall seen in debts for building new-style rural areas

Total debt for basic construction in the new-style rural area building programme was reduced to about VND9.55 trillion (US$434 million) at the end of 2016 from over VND15.27 trillion (US$694 million) early last year, according to the Central Steering Committee for National Target Programmes.

Food corporation faces huge losses

 Food corporation faces huge losses

Vietnam Southern Food Corporation Limited (Vinafood 2), one of Vietnam’s two biggest food corporations, has racked up USD47.6 million in losses.

Japan postpones sales tax until 2019

Japan postpones sales tax until 2019

VOV.VN - Japanese Prime Minister Shinzo Abe has decided to delay sales tax increase until 2019 for the 2nd time in the context of Japan’s economy struggling to recover.

Euro zone aims to cap Greek debt servicing at 15% of GDP

Euro zone aims to cap Greek debt servicing at 15% of GDP

Euro-zone governments, Greece's biggest creditors, agree that debt relief for Athens should be accomplished by capping its debt servicing costs at 15% of gross domestic annually, the chairman of the euro zone finance ministers, Jeroen Dijsselbloem, said on October 8.

Greek PM faces biggest party revolt yet as bailout approved

Greek PM faces biggest party revolt yet as bailout approved

Greek Prime Minister Alexis Tsipras faced the widest rebellion yet from his leftist lawmakers as parliament approved a new bailout program on August 14, forcing him to consider a confidence vote that could pave the way for early elections.

Greece's Tsipras says loan deal with lenders close

Greece's Tsipras says loan deal with lenders close

Prime Minister Alexis Tsipras said on August 5 that Greece was close to concluding a deal with lenders on a multi-billion-euro bailout, which he said would end doubts over its place in the euro zone.

Euro zone demands more from Greece, delays decision on aid

Euro zone demands more from Greece, delays decision on aid

Skeptical euro zone finance ministers demanded on July 11 that Greece go beyond painful austerity measures accepted by Prime Minister Alexis Tsipras if he wants them to open negotiations on a third bailout for his bankrupt country to keep it in the euro.