Cost-cutting measures aid debt drop
September 01, 2022 | 21:04
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
June 14, 2022 | 10:00
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
February 05, 2022 | 12:35
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
October 30, 2021 | 09:00
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
October 29, 2021 | 08:00
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
August 04, 2021 | 11:20
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
July 09, 2021 | 08:00
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
July 01, 2020 | 14:00
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
June 24, 2020 | 16:57
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
April 28, 2020 | 15:00
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
March 05, 2020 | 11:05
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
February 22, 2020 | 13:24
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
June 20, 2019 | 11:24
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
April 04, 2019 | 13:34
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
February 20, 2019 | 17:41
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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