Rwanda foreign debt

The adjustment of socio-economic targets is a big and unprecedented issue, because the targets set in the NA’s Resolution are concretised from the Resolution of the Party Central Committee. On the basis of the Government’s proposal, the decision on the adjustment of growth targets will be made by the competent levels, with the current political and legal bases taken into account. According to economic experts, the adjustment of GDP growth target and relevant macro targets in accordance with the new developments in the domestic and international socio-economic situations will create favourable conditions for the Government in its management work, towards realising the dual goal of successfully combating the pandemic and reviving the economy after the disease. … [Read more...] about BUSINESS NEWS HEADLINES MAY 30

Regarding the increase in interest rates, Tai Hui says it is the beginning of a new trend to raise the interest rate. “Currently we predict that the basic interest rate will surge to 10 percent by the fourth quarter of 2010, higher than our previous prediction of 9 percent. This may lead to an increase in the lending interest rate to around 15 percent,” he adds. … [Read more...] about Increase basic interest rate – a good therapy for national economy

- Prime Minister Nguyen Xuan Phuc stated last week that the government would provide some VND300 trillion ($13 billion) as a relief measure in financing for businesses hit hard by the COVID-19 pandemic, while ensuring sufficient capital to prop up the economy. PM Phuc reaffirmed that the Vietnamese government would put best effort to contain the virus and create preferential conditions for enterprises being alive. Previously, State Bank of Vietnam’s Deputy Governor Dao Minh Tu asked 20 banks to offer a minimum of 2-per-cent lending rate reduction to cushion cash-strapped businesses. … [Read more...] about Consumers risk higher defaults amid lending sector fluctuation

GDP per capital (US$ current prices) … [Read more...] about Ernst & Young upbeats about Vietnam’s economic prospects