By Donald Lambert - Principal private sector development specialist Asian Development Bank As a result, many SOEs are no longer borrowing through the government, but they are still using debts sub-optimally. That is a big deal. SOEs accounted for 29 per cent of GDP as of 2016 and comprised seven out of Vietnam’s 10 largest corporations in 2018. They are dominant in infrastructure and other sectors that are key to improving Vietnam’s productivity. … [Read more...] about How to drive the economy by reforming state-owned debt
State wise debt in india 2018
While Britain no longer holds much developing-country debt after forgiving most of it decades ago, as host of next year’s major U.N. climate summit it could put pressure on creditors in London’s financial center to participate in such swaps, he said. … [Read more...] about Debt swaps could free funds to tame climate, biodiversity and virus threats
However, as Minister of Planning and Investment Nguyen Chi Dung said to the National Assembly in May, the amounts allocated to the medium- and long-term public investment plan could only resolve problems at old projects. Of the 9,600 ongoing projects, there are up to 8,000 old projects and 400 new projects. Though the transport ministry has spent significantly on repaying debts, it still has over VND20,000 billion left unpaid. … [Read more...] about Govt continues repaying debts of enterprises
In Thursday’s press release, the U.S. State Department affirms that the country stands shoulder-to-shoulder with its ASEAN partners to mitigate the current pandemic, and also to strengthen ASEAN’s ability to prevent, detect, and respond to future zoonotic and other infectious disease outbreaks. … [Read more...] about US CDC to open Southeast Asian office in Hanoi: State Dept.
The two sides agreed to promote cooperation in the areas of economy, trade and investment; maritime cooperation; counter-terrorism and fighting transnational crime; connectivity; science-technology and innovation; natural disaster prevention, control and mitigation; climate change response, cultural and people-to-people exchange, and narrowing development gaps. Regarding response to COVID-19, India affirmed to support ASEAN in overcoming the pandemic's consequences and promoting sustainable recovery and work closely with ASEAN in research and production of COVID-19 vaccines and treatment medicines. ASEAN appreciated India's active support for regional cooperation, including capacity building, narrowing the development gaps, and earmarking one billion USD in credit to support projects connecting the two sides. Addressing the event, Deputy Prime Minister and Foreign Minister Pham Binh Minh emphasised the importance of the ASEAN-India strategic partnership and affirmed India as a … [Read more...] about ASEAN step up cooperation with EU, India