November 5, 2011
Vietnam’s public debt will probably be higher than estimated, as the Ministry of Finance has missed including in its calculations several kinds of debt related to the government, lawmakers said at the National Assembly’s meeting on Friday. According to the National Assembly’s Finance and Budget Committee, their review showed that the country’s public debt will [...]
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October 29, 2011
Vietnam’s government announced key structural reforms for the economy next year on Thursday , focusing on improving state-owned enterprise and the banking sector. Prime Minister Nguyen Tan Dung said the government will speed up share sales at state companies and review their operations. State-owned companies will have to focus only on their main business [...]
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January 30, 2011
State-owned shipbuilder Vinashin, which was on on the verge of bankruptcy last year, has made initial achievements in its restructuring process, a conference in Hanoi heard Thursday. The shipping group achieved a turnover of over VND10.3 trillion (US$529 million) last year, with exports of $278 million, the steering committee on restructuring told the conference. The restructuring of Vinashin, which had [...]
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December 20, 2009
LookAtVietnam – Legislators on Thursday continued to criticize the government’s plan to eliminate a benchmark used to calculate interest rates in Vietnam for years. Phung Quoc Hien, chairman of the National Assembly Finance and Budget Committee, said the key rate was an effective instrument that helps put the market under control.“The key rate has acted [...]
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December 20, 2009
The Government should step up its allocation of Government bond-sourced capital to key public projects and stop wasting money on ineffective ones, the National Assembly Standing Committee said on December 19. LookAtVietnam – The Government should step up its allocation of Government bond-sourced capital to key public projects and stop wasting money on ineffective ones, [...]
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December 19, 2009
Legislators on Thursday continued to criticize the governmentâs plan to eliminate a benchmark used to calculate interest rates in Vietnam for years. Phung Quoc Hien, chairman of the National Assembly Finance and Budget Committee, said the key rate was an effective instrument that helps put the market under control.âThe key rate has acted as a [...]
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November 2, 2009
Vietnamese authorities ordered evacuations in central and southern coastal provinces as Tropical Storm Mirinae approached the coast. The storm is forecast to make landfall at about 4 p.m. local time as it weakens to a tropical depression.Mirinae was 181 kilometers (112 miles) from Ho Chi Minh City at 7 a.m. local time, with sustained winds [...]
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October 23, 2009
Huynh Ngoc Dang, a legislator representing Binh Duong Province, speaks at a house session Thursday Lawmakers called into questioned the effectiveness of the governmentâs fiscal stimulus package on Thursday, calling for a comprehensive review of the package before any plan for further stimulus. National Assembly representative Nguyen Ngoc Hoa from Ho Chi Minh City told [...]
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October 21, 2009
A worker at Thai Tuan textile factory. Only 20 percent of businesses have benefited from the loan subsidy program, a parliamental report said. The Vietnamese governmentâs interest rate subsidy program should end this year as planned to prevent an imbalance of payments, said the National Assembly Finance and Budget Committee. The committee said in its [...]
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September 30, 2009
A Vietnamese resident tries to get into his flooded house after Typhoon Ketsana swept through Hoi An. Vietnamese Prime Minister Nguyen Tan Dung urged ârapidâ rescue and relief efforts for central Vietnam after Typhoon Ketsana smashed into the coast Tuesday, leaving at least 74 people dead. Local government offices must use all available resources to [...]
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