Vietnam

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Fitch Upgrades Vietnam Credit Rating on Economic Policy Record

Fitch Ratings has upgraded its rating for Vietnam, noting the country’s improving track record on economic policy, debt and reform, the Financial Times reported. The rating agency said Vietnam’s long-term foreign-currency issuer default rating has be ...

Daily Headline - global.abi.org - 05/15/2018 - 21:59 - 0 comments

Vietnam Central Bank Says Taking Over Small Lender

Vietnam's central bank will acquire all shares in a small, loss-making bank in Hanoi, a unit of Ocean Group Co, to ensure the banking system's safety, the second move in less than two months as it seeks to clean up the fragmented sector. " ...

Daily Headline - global.abi.org - 04/26/2015 - 22:28 - 0 comments

Vietnam Accelerates Bank Restructuring Process

forcibly bought all shares of the Vietnam Construction Bank at a price of VND0 per share. Vietnam’s Prime ...

Daily Headline - global.abi.org - 02/05/2015 - 23:37 - 0 comments

Vietnam Seeks Rule Changes to Accelerate Bad Debt Sales

Vietnam may change rules to quicken bad-debt sales that have been stalled by a reluctance to accept losses, hampering an economy that risks missing its growth target this year, Bloomberg News reported today. “Right now, everyone seems to be afraid of tak ...

Daily Headline - abi_admin - 08/08/2014 - 11:03 - 0 comments

Vietnam GDP Rises 5.42 Percent in 2013; Estimate 5.3 Percent Gain

Vietnam’s economic growth accelerated as exports climbed, even as banks struggled to meet the government’s lending target, Bloomberg News reported yesterday. Gross domestic product rose 6.04 percent in the fourth quarter from a year earlier, quickening f ...

Daily Headline - abi_admin - 12/24/2013 - 10:29 - 0 comments

Crippling Debts And Bankruptcies Brew Vietnam Coffee Crisis

Vietnam is the world's biggest producer of the strong-flavoured robusta beans, used for instant coffee, and has experienced a decade of solid growth which has seen coffee exports reach $3 billion a year, Reuters reported. But its coffee industry is ...

Daily Headline - global.abi.org - 08/14/2013 - 23:43 - 0 comments

Vietnam Bank Fix Starts With $474 Million Debt

Vietnam’s state asset management company, tasked with cleaning up bad loans, said it will acquire as much as 10 trillion dong ($474 million) of spoiled debt over the next two months as it considers possible foreign funding, Bloomberg reported. Vietnam As ...

Daily Headline - global.abi.org - 08/06/2013 - 22:50 - 0 comments

Vietnam Cuts Rates to Boost Lending

Vietnam's central bank will cut three policy rates from Monday, as easing inflation gives the government room to lower companies' borrowing costs and get more money flowing through the economy, The Wall Street Journal reported. The 100 basi ...

Daily Headline - global.abi.org - 05/12/2013 - 21:42 - 0 comments

Credit Suisse to Accept Vinashin’s Plan to Restructure Its Debt

Credit Suisse Group AG will accept a debt restructuring plan that Vietnam Shipbuilding Industry Group put to its creditors, helping to resolve negotiations surrounding a default that occurred more than two years ago, according to a person familiar with t ...

Daily Headline - global.abi.org - 02/05/2013 - 21:53 - 0 comments

Bad Loans Weigh Down Vietnam

Until a few years ago, Vietnam was one of the world's hottest emerging markets. Now it faces an urgent task: fix a beleaguered banking system or watch its economy continue to slip behind faster-growing neighbors, The Wall Street Journal reported ...

Daily Headline - global.abi.org - 09/10/2012 - 22:10 - 0 comments

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