Credit institutions recover US$251 million of bad debts each month

Credit institutions have handled an average of VND5.8 trillion (US$251.52 million) per month since the implementation of a National Assembly resolution on the pilot settlement of bad debts began in August 2017, much higher than the figure recorded over the previous five years.

Public debt within permissible limit: Finance Ministry

Public debt indicators were under strict control and fell within the permissible limits set by the National Assembly’s Resolutions as of the end of 2018, according to the Finance Ministry.

ICAEW forecasts Vietnam’s GDP growth at 6.7 per cent in 2019

After enjoying GDP growth of 7.08 percent in 2018, the country’s 2019 growth is forecast at 6.7 per cent, which would place it as the fastest growing Southeast Asian economy, according to a report released by ICAEW Economic Update.

Economies look to spread trade risks

The US-China trade war has made a major impact on the economy of Vietnam and the country still requires to tackle several challenges in order to attract supply chains relocating from China.

Trade war likely to dampen VN markets this week

Rising fears about the US-China trade war are forecast to continue to drag down market sentiment and dampen investor confidence.

Vietnam's servicing pressure remains high despite public debt at three-year low

Vietnam’s public debt hit the lowest since 2015 at 58.4% of GDP as of the end of 2018, much lower than the ceiling of 65%, however, the government is not considering taking additional loans due to high repayment pressure, according to Deputy Prime Minister Vuong Dinh Hue.

VN forecast to lead economic growth next decade

The 2020s are set to be the Asian decade, with the continent dominating an exclusive list of economies expected to sustain growth rates of around 7%, according to a research note on May 12 from Madhur Jha, Standard Chartered’s India-based head of thematic research, and global chief economist David Mann.
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