November 16, 2011
Vietnam’s bonds fell Monday on speculation banks are using funds to lend in the money market rather than buy government debt. The dong weakened. Interbank lending rates more than doubled to as high as 36.5 percent last week from a maximum 16.2 percent the week before, said Nguyen Duy Phong, an analyst at ACB [...]
Tags: According, banks, Bloomberg, By Bloomberg The, Government Debt, Interbank, Interbank Lending, Interbank Lending Rates, Lending Rates, market, Per Dollar, percent, The Dong, Vietnam
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November 15, 2011
Vietnam’s one-year bonds fell on speculation banks have fewer funds to invest in government debt. The dong gained. “We predict the shortage of liquidity would threaten not only small banks but also big ones as residents would increasingly withdraw deposits” before the Lunar New Year, Luu Hai Yen, a Hanoi-based fixed-income analyst at Thang [...]
Tags: According, banks, Bloomberg, Government Debt, Hanoi, New year, one-year, Per Dollar, percent, The Dong, Vietnam
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October 7, 2011
Vietnam plans to slash 10 percent, or VND97 trillion (US$4.65 billion), of development investment this year as one of the measures taken by the government to restore economic stability. Vietnam’s public debt is rising too fast and poses a severe risk to the economy, an economist says, suggesting that the total debt might be even [...]
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March 14, 2011
A woman looks at the damage caused by a tsunami and an earthquake in Ishimaki City, Miyagi Prefecture, after the magnitude 8.9 earthquake struck the area March 13, 2011 Japan aims to compile a package to fund the rebuilding effort after its strongest earthquake on record, a step that may worsen the challenge of reining [...]
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October 24, 2009
House members discuss budget deficit at a session in Hanoi Friday Vietnamese legislators said the 2010 budget deficit should be kept at 6 percent of gross domestic product instead of 6.5 percent as projected by the government. Fiscal policies need to be tightened, Ho Chi Minh City representative Tran Du Lich said on Friday at [...]
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June 2, 2009
Chinaâs manufacturing expanded for a third month, adding to evidence that the worldâs third-largest economy is recovering from its deepest slump in almost a decade. The official Purchasing Managerâs Index (PMI) was at a seasonally adjusted 53.1 in May after registering 53.5 in April, the Federation of Logistics and Purchasing said Monday in Beijing in [...]
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