Ensuring financial security is vital to promote economic growth amid rapid globalisation and economic-financial liberalisation, experts said at a forum organised by the Institute for Brand and Competitiveness Strategy in Hanoi on July 25.
Public investments that exceed the State budget’s payment capacity should not be implemented, Finance Minister Dinh Tien Dung said, referring to it as one of a string of measures to ensure public debt stays within safety limits.
While economist warn that state-owned enterprises’ debts will pose a threat to national financial security, SOEs say that the big debts have been unavoidable.
The Law on Public Debt Management should endorse several legal documents into law and add new content acquired through international experience, Deputy Finance Minister Truong Chi Trung told a workshop in Hanoi on September 21 reviewing five years of its enforcement.
The Government, for the first time, has instructed relevant ministries to create a legal mechanism to allow for part of foreign currency reserves to be used to fund development projects.
(VOV) -Standard Chartered Bank Vietnam will lend US$70 million to an An Giang-based company to carry out its big paddy field programme in the Mekong Delta.
(VOV) - Newly elected Finance Minister Dinh Tien Dung has vowed to reduce spending on unfeasible projects and focus on solutions for preventing revenue losses.
Vietnam strives to cut public debt to less than 65 percent of its gross domestic product by 2020 and 60 percent by 2030.