Tags: public debt

NA Standing Committee begins 8th meeting

NA Standing Committee begins 8th meeting

The 8th meeting of the National Assembly (NA)’s Standing Committee opened on March 14 with an agenda full of important contents for the third session of the 14th NA.

Gov’t guarantees reduced to 70%

Gov’t guarantees reduced to 70%

The Ministry of Finance has announced that the maximum level of Government guarantees for a programme or project has been reduced to 70% from 80%.

Politburo resolution restructures State budget, manages public debt

Politburo resolution restructures State budget, manages public debt

Party General Secretary Nguyen Phu Trong has signed a Politburo resolution on policies and measures to restructure the State budget and manage public debts to ensure the safety and stability of the national finance, towards keeping macro-economy stability.

State agencies may release financials from 2018

State agencies may release financials from 2018

The Ministry of Finance (MoF) is publicly seeking opinions in regard to a draft government decree requiring the ministry and local governments publicize State financial reports from 2018.

Vietnam, Norway seek to deepen ties

Vietnam, Norway seek to deepen ties

Vice Chairman of the Vietnam National Assembly Phung Quoc Hien held talks with Vice President of the Norwegian Parliament Svien Roald Hansen in Norway on September 22 to deepen relations between the two countries and legislative bodies.

Public debt speedily approaching a red line

Public debt speedily approaching a red line

There is an increasing risk that Vietnam’s public debt will exceed a national red line, the Ministry of Planning and Investment (MPI) said in its latest report.

Public debt should be kept within acceptable limits

Public debt should be kept within acceptable limits

At the first plenary meeting of the 14th National Assembly, Prime Minister Nguyen Xuan Phuc publicly revealed Vietnam’s public debt figure - something that is usually regarded as “sensitive” and is rarely fully disclosed.

IMF gives warning of debt distress in Vietnam's future

IMF gives warning of debt distress in Vietnam's future

The International Monetary Fund has warned Vietnam’s government about a growing budget deficit and public debt, largely due to a big rise in recurrent expenditure and ineffective usage of public investment.

Public debt set to rise on the back of Brexit turmoil

Public debt set to rise on the back of Brexit turmoil

The depreciation of the Vietnamese dong against the Japanese yen and US dollar, in the wake of Britain’s referendum on its European Union membership, will raise Vietnam’s public debts as the majority of the debt is in these two currencies.

Budget deficit rising: GSO

Budget deficit rising: GSO

The budget deficit in the first half of the year hit 82.9 trillion VND (3.7 billion USD) due to rising recurrent expenditures and the repayment of debts, the General Statistics Office reported.

BIDV calls for specialist bad debt unit

BIDV calls for specialist bad debt unit

Banking analysts from the Bank for Investment and Development of Vietnam (BIDV) have proposed several measures to better manage Vietnam’s public debt, which is viewed as a mounting problem for economic-planners.

Measures proposed to manage public debt level

Measures proposed to manage public debt level

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.