Australian prime minister malcolm turnbull

Vientiane (VNA) – The Lao government has announced that it will manage and address public debt in various ways as it seeks to ease the country’s financial tensions. Prime Minister Thongloun Sisoulith told the National Assembly this week the government will no longer accept loans from foreign countries, as one way of tackling the fiscal deficit, the English-language newspaper Vientiane Times reported. Loans will only be taken out to repay the principal on existing loans when the time arrives for debts to be serviced.  Deputy Prime Minister and Minister of Finance Somdy Duangdy told the Assembly the government will manage public debt in line with the law, while attempting to shrink the fiscal deficit. The government will also look at other ways to reduce the debt burden, such as converting debt into capital, selling state assets, and selling shares in state enterprises in the hope of sufficiently addressing the country’s liabilities and obligations by the end … [Read more...] about Lao government outlines plans to tackle debt issue

Vietnam is the only Southeast Asian nation to boast special links with Germany, with more than 100,000 students and workers studying and working in the country in the 1950s, giving them a deep understanding of the German language and culture. More than 170,000 Vietnamese people from different generations now living in Germany have helped promote the diverse and unique relationship between the two countries, he said. … [Read more...] about 45 years of Vietnam-Germany relations: Enduring, strong vitality

The national programme is considered a new push to support enterprises in the context of the Fourth Industrial Revolution. - Photo vietq.vn The decision, which was issued at the end of last month, is considered a new push to support enterprises amid the Fourth Industrial Revolution that strongly affects the competitiveness of enterprises. … [Read more...] about PM launches nationwide campaign to support businesses

“The Lao Government and people will always stand side by side with the Vietnamese Party, Government and people during times of hardship and highly value the Laos-Vietnam traditional friendship, special solidarity and comprehensive cooperation,” he wrote. … [Read more...] about Lao PM sends sympathy to Vietnam over losses caused by storm Noul

Hanoi (VNA) - All-level authorities and sectors need to adopt recovery acceleration plans for the remaining two months of the year for the country to record annual growth of 2-3 percent, Prime Minister Nguyen Xuan Phuc said at the Government’s monthly meeting on October 30. The Ministry of Planning and Investment reported a stable macro-economy and low inflation in October, with the CPI growing 0.09 percent both month-on-month and year-on-year, while the 10-month figure was up 3.71 percent compared to a year earlier. The country has posted a record trade surplus of 18.7 billion USD since the beginning of the year. Agriculture remains a pillar of support for the economy, while the number of newly-established enterprises in October rose 18.4 percent against September. PM Phuc said the economy hit its lowest point in the second quarter and has been on a V-shaped recovery since the third quarter. COVID-19 has been largely contained, creating the conditions necessary for economic … [Read more...] about PM requests economic recovery be accelerated