Cost-cutting measures aid debt drop

Cost-cutting measures aid debt drop

Vietnam is witnessing a strong reduction in its public debt following its close control of the issue, with the government exercising a stringent policy on increasing revenues and reducing expenditures.
Strengthened debt control underway

Strengthened debt control underway

In a bid to continue ensuring the country’s financial healthy situation, the National Assembly and the government have continued underscoring stringent management of the state budget as a solution to continue ensuring a safe public debt level.
Wind power: cornerstone of the recovery

Wind power: cornerstone of the recovery

The COVID-19 pandemic has created an unprecedented economic and social challenge around the world. Countries and communities are facing economic contractions, rising unemployment rates, capital flow disruption, and growing debt burdens.
Close control of debt augurs well for budget

Close control of debt augurs well for budget

An expansion in expenditure for supporting enterprises should help shore up Vietnam’s financial security, and not leave public debt in the lurch this year.
Debt trading interest creates call for new framework

Debt trading interest creates call for new framework

New legislation is needed to secure the future of debt trading – and with prudent tweaks to the current regime, Vietnam could open up the market for retail trading on its newest platform, bringing together banks and investors.
Debt improvements illustrate efficiency

Debt improvements illustrate efficiency

Despite huge spending from state coffers on supporting both individuals and enterprises, Vietnam has nevertheless controlled public debt over the past five years, with the country’s financial security and also debt quality ensured.
Debt under control thanks to prudent and effective actions

Debt under control thanks to prudent and effective actions

Effective usage of the state budget has helped Vietnam succeed in bringing public debt under control since 2016, ensuring national financial security.
Predatory debt collectors hustling on borrowed time

Predatory debt collectors hustling on borrowed time

Debt-collecting businesses are to be banned in Vietnam as part of local government action to protect customers’ rights, with the upsurge of predatory lending services triggering heated debate and eroding public trust.
Debt limit to be adhered to despite bumps in road

Debt limit to be adhered to despite bumps in road

In spite of a dent in state budget revenue and a rise in spending this year causing a big fiscal deficit, the government will be able to retain the country’s public debt situation, ensuring national financial security.
Lenders ditch sour debt with property auctions

Lenders ditch sour debt with property auctions

Vietnamese banks are speeding up the sale of distressed loans backed by real estate – a move to get loans off their books and mend balance sheets from being impeded by a bundle of debt.
Suppliers take complaints against Leflair to authorities

Suppliers take complaints against Leflair to authorities

Its inability to pay million-dollar debts has put Vietnam-based e-commerce platform Leflair at risk of being taken to court by disgruntled suppliers.
BIDV puts Vinaxuki on sale to recover hefty debt

BIDV puts Vinaxuki on sale to recover hefty debt

BIDV will auction off the $55 million debt of Vinaxuki, which was set up to become the first Vietnamese carmaker, but slipped into losses and was shut down.
VMAC builds strategy for debt trading

VMAC builds strategy for debt trading

The Viet Nam Asset Management Company (VAMC) is planning to develop a new strategy for buying and selling bad debts in Viet Nam this year, in which it will play a central role to promote the development of the debt trading market.
Trillions of dongs of Vietinbank stuck in Vinachem projects

Trillions of dongs of Vietinbank stuck in Vinachem projects

Vinachem has produced profit at one of the four of the trillion-dong loss-making projects under its management, while the others show no sign of repaying debts.
Licogi cannot cover debts with tiny profit

Licogi cannot cover debts with tiny profit

Construction giant Licogi earned little after-tax profit in recent years, which cannot cover the instalment payments of its half a trillion dong debts.
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